Transferring money to Spain

I’m happy to post the following on behalf of Moneycorp Regional Manager Stephen Tiley because I know money transfer is a major issue for those visiting, living in, or buying property in Tenerife. I hope it helps, and have added the detail to my links page as well.

If you are reading this you are probably fortunate to be living in or just enjoying your holiday home in The Canary Islands or maybe even thinking about moving to these wonderful islands.

In today’s hard economic times trying to find the best way to transfer your hard earned money to and from Spain or where there is a currency exchange, it is very important that you receive guidance and the best possible exchange rate
You may simply be looking to transfer your pension, money for living expenses, to pay for ongoing costs or maybe buying or renting a property and that’s where we can help you.


Moneycorp is an International Payments Institution who have been in business since 1979 helping clients personal and business move their money around the world and last year moved around £11 billion. We provide tailored services to you, our client to help you save money on your overseas transfers and help you trade at the right time. Operating from a global network of offices we have the largest dedicated team for business to business in addition to our team of qualified dealers. Some of our high profile partners are The Telegraph, Daily Mail, Virgin Atlantic and BAA, add these to our presence in major UK airports then you know you are dealing with a reputable company. In fact if you have flown from one of the major London airports you may also have seen our bureau de change, look out for the name next time.


When transferring money overseas we help you get a better exchange rate which means more money in your bank account. From one off business and personal transfers to a regular payment plan all from as little as £250 per month.
To ensure you obtain the best rate we provide spot contracts, forward contracts, limit orders, stop/loss orders and options all of which are designed to help you get the most for your money. You will also have the option of talking to your own private dealer or using our on line service, the choice is yours. If it sounds complicated don’t worry we are here to help you understand the jargon


Its easy we are a friendly bunch who have all gone through the same need to transfer money and all the team based in the Costa del Sol office are expats enjoying life in Spain who understand how important it is to get the most for your money. It doesn’t matter if you have now returned to the UK as my team are here to help. We also provide support to the Canary Islands and to catch up with our partners who we visit on an a regular basis.

When you want to find out more or simply have a chat to see if you are making the most of your money transfers, the best way to reach us is to phone 0034 952 587 657 and we will happily ring you back.

Here is an example of how much clients can potentially save using Moneycorp when transferring 1000 euros per month:

Captura (490 x 257)


  1. Hi Janet

    As regard to other competitors, I have used ClearFX for a couple of years and found them to be very good in terms of cost and customer service and all quotes/transactions are carried out on-line, no phone calls needed at any stage – which is great !! Transfers can be a bit slow though at times (5 working days).

    Have recently been trialing TransferWise for a couple of months or so now. They also conduct all transactions on-line without the need for any phone calls and the time it takes for money to arrive in my bank is faster than anyone else that I have used previously. Rates are excellent.

    I used to use moneycorp some time back – but not now.


    P.S. I declare no interests in any of the companies that I have mentioned.

  2. Do you know anything about based in London , they have contacted me and I am trying to find out if this is genuine company as there are so many scams about.

  3. Author

    yes, I have heard of them, nothing negative.

  4. Hello

    My query is can my UK bank use MoneyCorp to transfer weekly pension to me here in Tenerife (instead of Bank to Bank)



  5. Author

    You’re best off asking Moneycorp direct … their contact details are in the last paragraph of the article. Or of course one of the other money companies mentioned in the readers’ comments above.

  6. For Elaine. Have a look at the website for their recommendations for money transfers. I have used Currencies Direct recently and I noticed you can set up regular transfer from you bank account. I guess the other companies do it too. I used my debit card with currencies direct and the transfer was done in a couple of days.

  7. My preferred transfer method is now Bitcoin: buy Bitcoin with one currency and sell for another. But then I’m like that 😀

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