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3. Transfer of Funds

There are now no restrictions on transferring funds to and from Spain from other countries of the European Union and the EES. If you want to make transfers to or from countries outside the Community area, consult your Spanish bank. However, if you want to take out more than 13.253 Euro from Spain to another country, or move more than 80.000 Euro within Spain, you are obliged to make a communication to the authorities.

Some banks are still charging heavy commissions on transfers of pensions from abroad, Other banks do not charge on such transfer. It pays to find out the conditions offered by the different financial institutions. The EU has decided to eliminate the commissions when using cash machines outside your own country, but inside the community area.

 

 

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