Save on the transfer of funds to Tenerife
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Written by George
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Tuesday, 17 March 2009 |
Once you have
decided on the property that you want to buy you need to consider how to
transfer funds to Tenerife in order to
complete your purchase. It may seem simple and you thought that you  would
instruct your bank to transfer the money to your bank in Tenerife.
If you did that it would probably cost you thousands of euros in commission,
fees and poor exchange rates.
The same principle applies when you have sold a property in Tenerife
(or mainland Spain for that matter), and wish to remit the proceeds
back to the UK (or other non-euro country). You can save a great deal
of money by using an international currency broker.
The Tenerife
Property Guide is happy to recommend Moneycorp Ltd., one of the largest currency brokers
in the world (and part-owned by The Royal Bank of Scotland Group), who will
be happy to explain to you in plain English how you can arrange to transfer funds to/from
Tenerife. |
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Last Updated ( Tuesday, 17 March 2009 )
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