Spain Remains Popular Destination for UK Nationals

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New service from the Post Office takes the sting out of overseas bank transfers to help UK expats when sending money abroad.

Spanish government figures reveal that the country remains popular with UK nationals looking to move abroad, Statistics show that 350,000 UK expats now live there full time .

Relocating overseas can be daunting when having to consider big purchases such as a house or car. However, those wishing to make regular payments to another country can take advantage of a new foreign money transfer service from the Post Office. The new Overseas Property Money Transfer service allows regular customers to fix overseas bank transfers at a set exchange rate for up to a year. This offers the opportunity to protect against currency fluctuations when regularly sending money abroad.

The Post Office Overseas Property Money Transfer service is offered with zero per cent commission when making foreign money transfer transactions, avoiding the fees typically charged by high-street banks when sending money abroad. Customers using the Post Office Overseas Property Money Transfer service can also be reimbursed for any overseas bank transfer charges which may be imposed by the destination bank when sending money abroad.

Sarah Munro, Post Office Head of Money Transfers, said:
"The Post Office Overseas Property Money Transfer service offers customers the ability to fix at a competitive exchange rate, giving them peace of mind when sending money abroad for up to a year. With 0% commission and our competitive exchange rates we will be saving customers a serious amount of money on overseas bank transfers if they are paying a deposit on a new property."


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Melanie Seasons

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