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Go Back   Pollensa Forum > LIVING & WORKING IN POLLENSA > Living & Working in the Pollensa Area

Living & Working in the Pollensa Area This forum is for any comments, questions and advice about living (permanently or temporarily) and working in the Pollensa area. Aimed at ex-pats, property owners etc.

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  #1  
Old 31-05-2008, 15:46
supamac's Avatar
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Join Date: May 2008
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Default Transferring money sterling to euros

Anyone got any advice? Since we bouth our apartment last winter, I've been transferring money from UK to Bancaja via Moneycorp who give me a good rate if over 5k. I intend to transfer money once a quarter to service the mortgage and bills. Moneycorp have reduced their rate now I've told them this to 4 a transaction plus their going rate but anyone got any better ideas to kep costs to the min?
Ta!
Suse
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  #2  
Old 31-05-2008, 19:46
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Hi Suse - we also bank with Bancaja - I suggest sending money from your UK current account to Bancaja in STERLING - your UK bank will charge you about 10 to 15 per transaction depending on the amount sent but Bancaja only charge 5 euros to convert it from sterling to euros when it hits your Bancaja account but you will get the full business exchange rate as there are no middle men involved..It takes about 4 working days for the money to land.For example if the teletext business rate says 1.25 euros = 1 that is approximately what you'll get minus the charges at both ends.If you think the rate will go in your favour Bancaja will even hold onto the transaction for a few days and convert it when the exchange is more favourable if you ask them to.I'm sure Fabio will show how it works if you ask him.
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Old 31-05-2008, 22:59
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Thanks Labore - will try Fabio!
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Old 14-05-2010, 17:29
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Join Date: May 2010
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Quote:
Originally Posted by supamac View Post
Anyone got any advice? Since we bouth our apartment last winter, I've been transferring money from UK to Bancaja via Moneycorp who give me a good rate if over 5k. I intend to transfer money once a quarter to service the mortgage and bills. Moneycorp have reduced their rate now I've told them this to 4 a transaction plus their going rate but anyone got any better ideas to kep costs to the min?
Ta!
Suse
I have been trying unsucessfully to get an email address for bancaja in PP can you give me one please
thanks
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  #5  
Old 15-05-2010, 10:28
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Join Date: Feb 2008
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Hi all,

Fabio's email address at Bancaja is; fpalumbo@bancaja.es you will find he is a very plesant and helpful guy.

Regards,

Puertokid
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  #6  
Old 15-05-2010, 11:11
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Join Date: Apr 2010
Location: PP and Yorkshire
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I use Bancaja also and have found the best way and fastest I just take in a cheque from my UK account and pay it in its cheaper and faster than transfering from UK.The cheque is made out in but always get the best rate and the funds are available usualy that day. I leave some cheques there and just take one in when I need to pay some money in
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