Question
Has anyone transfered USD to Spanish bank? What rate do they currently use? What is the best USD/EUR rate to transfer to a Spanish bank?
Answers
These are the answers of some Facebook group members:
“Use Wise I got 1.04eu today (Sep. 2022)”
“I wised $5k today and recieved 5055 euro , last week it was 4980 euro”
“Wise seems to be pretty common”
“Don’t use Caixa bank, their rates are awful, then they charge 28€ admin fee on top.”
“From USD direct to any foreign bank wouldn’t be the best move, unless you like over paying. The best way by far is to us WISE, open a Wise account and go from there.”
“I have been using Wise. It is easy and inexpensive. Exchange rate varies constantly but has been 1:1 each time I have transferred money since mid-August.”
“Wise has the best net from my research”
“Check Spainguru blog post and video about Alternatives to a traditional Spanish bank account and money transfer services“
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