Author Topic: How May €uros  (Read 4657 times)

Offline cazaTopic starter

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How May €uros
« on: September 16, 2016, 14:33:06 pm »
Afternoon All
Can anyone tell me how many euros( thousands ) I can bring to Fuerte ,
I'm trying to avoid paying commission re transferring from my UK bank acct ,

Many thanks
 

Offline F1REFLY999

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Re: How May €uros
« Reply #1 on: September 16, 2016, 16:37:58 pm »
Use Transferwise and avoid the charges
 

Fuerteventura Forum

Re: How May €uros
« Reply #1 on: September 16, 2016, 16:37:58 pm »

Offline cazaTopic starter

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Re: How May €uros
« Reply #2 on: September 16, 2016, 16:45:19 pm »
I do have a transferwise, but you still get charged !
Think it's around £5 per £1000
 

Offline Globetrotter

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Re: How May €uros
« Reply #3 on: September 16, 2016, 17:21:44 pm »
I do have a transferwise, but you still get charged !
Think it's around £5 per £1000
Better to lose a few pounds than the whole lot  :)
 

Offline cazaTopic starter

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Re: How May €uros
« Reply #4 on: September 16, 2016, 17:46:14 pm »
Just found out that cos I'll be taking in/out of EU there is no limit !
 

Offline Johnrgby2

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Re: How May €uros
« Reply #5 on: September 16, 2016, 17:49:08 pm »
Just found out that cos I'll be taking in/out of EU there is no limit !

Rather you than me.
 

Offline cazaTopic starter

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Re: How May €uros
« Reply #6 on: September 16, 2016, 18:12:14 pm »
Do I need to be concerned taking a large amount of euros , although there is no limit within theEU ??
 

Offline cazaTopic starter

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Re: How May €uros
« Reply #7 on: September 16, 2016, 19:04:11 pm »
Getting confused !!!

I've just researched more and it says Canary Islands aren't covered by the EU rules .

Can anyone confirm this please ?
Thanks
 ::) ::)
 

Offline Archer

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Re: How May €uros
« Reply #8 on: September 16, 2016, 21:47:19 pm »
If this is to buy a home, then some Notary's ask for proof of where the funds originated. Not easy with cash! I had a prob with IoM held funds from Nationwide.
If it is to pay bills, you will need to pay it into your Esp a/c. Most uk expats find their a/c is 'checked' regularly by the authorities, for which they get charged a fee, for the pleasure. Again some explaining to do.
Some banks will not handle more than €600euro in cash.
This is my experience...other people may differ.
 

Offline SheilaW

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Re: How May €uros
« Reply #9 on: September 17, 2016, 08:36:08 am »
The Canaries are not in the Fiscal EU. We don't have VAT, but we have low customs limits, we have to import even our own already-owned belongings. Those customs limits mean there's a very low amount of cash that can be transported legally. Look on the UK gov website for the allowances outside the EU - they're the same as here - 1 litre spirits, 250 cigarettes, and I imagine it will say the cash limit too.

In some respects we're regarded as a tax haven, though that doesn't seem to prevent me having huge tax bills. I would be very wary of doing anything that might be regarded as 'fiscally shady'.

If it is for a house purchase, contact Sabadell. They have special arrangements fora large transfer if you're taking their house insurance. It can be cancelled after a year.
 

Online Windermeregolfer

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Re: How May €uros
« Reply #10 on: September 17, 2016, 09:21:03 am »
Hi Caza

We have used UKForex for transferring money over for our purchases this year including paying direct to contractors and transferring money into our Sabadell Atlantico Centre Branch account. I have found UKForex rate slightly better than Transferwise and defiantly much better than the banks.

I don't quite understand your initial question, if you were referring to € in cash to try and save the small commission fee then you would have to consider what exchange rate you are going to get in the UK to buy the €'s and certainly in my experience the brokers such UKForex or Transferwise offer a far better rate than the banks and Post Office. 
 

Offline cazaTopic starter

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Re: How May €uros
« Reply #11 on: September 17, 2016, 18:46:52 pm »
Many thanks for all of your replies and advise .

Have a good wk/end

Only 4 more sleeps till I return  :) :) ;)
 

Offline TamaraEnLaPlaya

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Re: How May €uros
« Reply #12 on: September 18, 2016, 01:57:32 am »
Forget all the considerations re exchange rates/commission/limits - it's just not safe to carry large amounts of cash! You could lose the lot with no comeback, surely paying a small commission can be considered worthwhile insurance? Don't take the risk, it's not worth it!
 

Offline Deso

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Offline cazaTopic starter

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Re: How May €uros
« Reply #14 on: September 21, 2016, 23:10:02 pm »
Myself and €"s arrived safely 😀

within the allowance .
 

Offline MLA

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Re: How May €uros
« Reply #15 on: October 01, 2016, 13:37:02 pm »
UKFOREX currently at a Rate of 1 GBP equals:   EUR 1.1500
No fees