Transfer money from Spain to UK

EUR €184.64 Avg. Saving vs. Banks ?
 

Here are the latest prices for transferring money from Spain to UK
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Top 9 Money Transfer Providers

Exchange Rates as of 2018-08-17T00:19:47+00:00

moneycorp

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Est. 1979
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Amount Received
GBP £8,855.41
EUR €178.36
saved vs. banks
Bank Beating Rates

TorFX

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Est. 2004
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Amount Received
GBP £8,873.30
EUR €198.36
saved vs. banks

OFX (prev. UKForex)

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Amount Received
GBP £8,855.41
EUR €178.36
saved vs. banks

WorldFirst

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Est. 2004
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Amount Received
GBP £8,871.06
EUR €195.86
saved vs. banks

FC Exchange

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Est. 2005
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Amount Received
GBP £8,864.35
EUR €188.36
saved vs. banks
Bank Beating Rates

Currencies Direct

 

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Amount Received
GBP £8,846.46
EUR €168.36
saved vs. banks

Currency Solutions

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Amount Received
GBP £8,863.46
EUR €187.36
saved vs. banks

Smart Currency Exchange

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Amount Received
GBP £8,855.41
EUR €178.36
saved vs. banks

RationalFX

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Est. 2005
More Info Less Info
Amount Received
GBP £8,864.35
EUR €188.36
saved vs. banks

How to Transfer Money from Spain to UK

Summary

Spain and the United Kingdom have a longstanding bilateral relationship and have agreements of cooperation in the areas of commerce, development and security. As member states of the European Union, the OECD, and NATO, Spain and the UK have extensive political, cultural, and economic ties. Individuals and businesses may freely transfer money from Spain to the UK as both countries are members of the EU and part of the Single Euro Payments Area (SEPA).

Visas and immigration

In 2012, about 69,000 Spanish-born people were living in the UK, while almost 400,000 British nationals were living in Spain during that time. Spain is also an incredibly popular destination for British tourists. Spanish citizens are not required to obtain a visa to travel to the UK, whether for work, to study, or for tourism.

Banking and money

The UKs banking system is advanced and sophisticated, just like the banking system in Spain. You may find branches of Spanish banks in urban areas such as the British branch of BBVA. If you already have a linked account with a transnational bank then you will not have to open a new account in the UK. In order to open the account, you will be required to provide proof of a local address, as well as proof of income and or employment in the UK.

Having a bank account during your stay in the UK will help to facilitate direct to bank currency exchange transactions between Spain and the UK.

Taxation

The tax year in the UK spans the period between April 6 and April 5 of the following year. By contrast, like many other countries, Spains tax year is from January 1 to December 31.

The UK tax system is quite complex and may require expert assistance, particularly for those with substantial earnings. If a Spanish national resides in the UK for 183 days or more during a 12-month period, they will be required to pay taxes on any income earned while in the UK, whether from profits, salaries, pensions, or royalties earned worldwide. Those who reside in the UK for less than 183 days during a 12-month period will only face taxation on income earned within the borders of the UK.

Trade and investment in the UK

Spain is a primary exporter of lettuce, iron blocks, citrus and other fruits, prepared pigments, sea vessels, pure olive oil, melons, pitted fruits and cabbages. Its top five exports are motor vehicle parts, cars, packaged medication, delivery trucks and refined petroleum. The UK receives approximately 6.2% of Spains exports.

Although the UK is among the top 10 importer countries in the world and also ranks in the top 15 among exporter countries, Spain is not one of its leading trade partners.

Studying in the UK

The UK is a popular destination for tertiary studies. Spanish nationals, as members of the European Union, do not need a student visa to study at a university in the UK. Spanish students are usually eligible for domestic tuition rates, as well. Even with this added benefit, however, tuition in the UK can be quite costly and the cost of living is also high relative to that in Spain.

Tuition fees range from 9,000 to 12,000 for undergraduate studies, and can be much more for graduate studies.Fortunately, Spanish nationals are allowed to work part time during the semester, for up to 20 hours per week. During breaks from school, Spanish nationals are allowed to work full time in the UK.

Travelling with a pet

Those visiting the UK with a pet are permitted to transport dogs, ferrets, cats or horses into the UK without a period of quarantine, if they comply with the terms of the Pet Travel Scheme. Currently there are no restrictions on travelling with other animals such as reptiles, rabbits, ornamental fish, rodents, birds, or invertebrates into the UK from Spain. A rabies import licence is necessary for some animals. Check the Travel Abroad section of the UK governments website for more information.

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FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.