Transferring money to and from Tenerife
Did you know, millions of pounds are lost every year by Brits who choose to use their bank rather than a currency specialist to transfer money to Tenerife - or transfer money from Tenerife to the UK.
Reasons for payments vary from paying for overseas property,repatriating funds from Tenerife back to the UK through to setting up regular international pension or mortgage payments.
The benefits of using a currency specialist over a bank are as follows:
- You can save up to 4% on the cost of the currency by getting better-than-bank rates – On the cost of a £100,000, the savings could be up to £4,000.
- You can talk with a dedicated currency specialist rather than bank personnel that may or may not know the currency markets. Specialists can help you determine a strategy on how to buy currency at the right time for the right price.
- Your funds will be transferred within 1-2 days using a specialist services whereas banks take 3-5 days. Furthermore, unlike the banks, currency companies can eliminate transfer charges and receiving fees imposed by most overseas banks.
Transferring money to Tenerife to buy a property
Transferring money from Tenerife to the UK when selling a property