Currency Exchange and Solutions for Expats


Auto-login for future?


Currency Exchange and Solutions for Expats

Bank transfer: This is the best way if you need more money than an ATM machine can manage."

Posted by The Expatriator

Tagged: finance, exchange, foreign, bank, transaction, transfer, money, currency, check, rate

Information on exchanging currency from sterling and dollars to euros for expatriates living in Spain.

ATM Machines: This is the best way to get dollars from a foreign bank account to euros, as long as your bank doesn’t charge a ‘conversion fee’ for international use, and the ATM doesn’t charge a transaction fee. (ATMs from cajas tend to be less likely to charge a transaction fee than bank ATMs). With ATM machines, there is currently no spread between buy and sell rate. My bank in Canada charges $5 for each foreign withdrawal however.

Bank transfer: This is the best way if you need more money than an ATM machine can manage. See Banking.

Personal checks: In our experience, Spanish banks charge a minimum commission of .5% to transfer money via a foreign check, and it could take a few weeks. (Before you deposit the check, make a copy of it and the deposit form.)

Traveler’s checks: With a big spread between the buy and sell rate, this isn’t as good as ATM’s.

Credit cards: with travel insurance, purchasing insurance, no transaction fees and reasonable exchange rates, credit cards can be very effective for most purchases. You will have to show the cashier your passport or Spanish photo ID (if you have one) in order to use them.

Note: Since 1999, some banks began charging fees of 1% - 3% for use of a credit card on overseas transactions. Read your monthly statements!

Last updated 16 12 2009

Donation to

If you find this site helpful, please leave a donation for us. This will encourage us to remove ads, keep responding to your questions and add more great information about living in Spain to


If you'd like to ask a question for discussion, please mosey on over to the Spain Forum. See our posting rules and instructions here.

Sign-In using OpenID or register, then sign-in with your SpainExpat username to post your comments.

Go to Top

Recent Discussions
New at this forum.. - By: KennethKGidley

Total Views: 1352, Last Post On: 09/19/2018 02:52 pm By: Cindy Brown

Where is the best place to get law task help? - By: miltonwilliam

Total Views: 55, Last Post On: 09/19/2018 11:30 am By: CathyAuld

Bank Instruments Available - By: Emerald12345

Total Views: 110, Last Post On: 09/18/2018 02:17 pm By: mutedaureole

New vacuum cleaner - By: moritz

Total Views: 87, Last Post On: 09/18/2018 01:38 pm By: mutedaureole

Buying a Laptop - By: HSG

Total Views: 5723, Last Post On: 09/18/2018 07:14 am By: Govind Singh

A truly professional company I have ever come across. - By: Charliemike

Total Views: 18, Last Post On: 09/17/2018 12:55 pm By: Charliemike

Play free online games - By: Jindo

Total Views: 99, Last Post On: 09/17/2018 10:53 am By: Maujinn

Recent Talkbacks
On EU Residency in Spain for EU Citizens, Their Spouses and Family Members, Dreamer said:

"Hi Billy,

The article has just been updated with all the new info."

On EU Residency in Spain for EU Citizens, Their Spouses and Family Members, redglasses said:

"Can a british resident live in spain? Is Britain considered part of the European Union?
What about taxes for running a business in Spain for an Expat?"

On Moving to Spain, rojo36 said:

"Glasgow Man and Van has a dedicated team of movers who can provide a reliable removals service to Spain. We are often able to move you along with your belongings if transport is a problem, keeping the cost down."

Expats on Facebook
Related Features

Banking in Spain

Related Services

Currency Exchange
Best currency exchange rates guaranteed from World First

Related Products

American Express Travellers Cheque Card

Recent Jobs
SpainExpat's jobs in Spain database: most recently posted jobs: