Financial Viewpoint
It's no secret that the current Pound-to-Euro exchange rate is adversely affecting many who pay bills and transfer other regular payments to Spain from their UK bank accounts.
So HomeCareontheWeb have teamed up with MoneyCorp, the financial experts that guarantee to save clients significant amounts of money when transferring funds to Spain from the UK.
With MoneyCorp:
- Making regular transfers is quicker and more convenient than using a bank.
- MoneyCorp collect Sterling from any UK bank account by Direct Debit, then send it to Spain.
- No commissions are charged for these transactions.
- Clients don't pay any charges when the money is received by their Spanish bank.
- Clients get better exchange rates, and therefore more Euros to the pound.
The Moneycorp 'Regular Payment Plan' is fully automated and has been specifically set up for money transfers from the UK to Spain such as:
- Mortgage payments
- Pension transfers
- Salary transfers
- Property maintenance payments
As the table below shows, by using the Regular Payment Plan to send €1,000 each month, annual savings of over £700 per annum can be achieved when compared to using a normal bank:
| Moneycorp RPP | Bank |
| Exchange rate | 1.04 | 1.01 |
| Amount received in € per month | € 1,000 | € 1,000 |
| Amount you pay in £ per month | £962 | £990 |
| Saving in £ per month | £28 | |
| Exchange rate saving per year in £ | £336 |
| Transfer fee per month | £0 | £25 |
| Commission charges per month | £0 | £9 |
| Total charges per year | £0 | £408 |
| Charges saving per year in £ | £408 |
| Total saving per year in £ | £744 |
Setting up a Trading Facility account with MoneyCorp is simple. Once a client's account is opened, MoneyCorp experts will monitor the currency markets to ensure the best available exchange rate is applied each time money is transferred from the UK to Spain.
MoneyCorp can also help you transfer money out of Spain at the best rates - the money you earn from renting out your property, for example.
Find out everything you need to know about how to save money when transferring payments to Spain by visiting the MoneyCorp website.
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