Banking/Money transfers for Spain?

Expert Info

Posted by

on 4 Jun 2014

Hi!
We are due to move to Spain, The Costa Del Sol, next year, we are currently in the process of selling our UK property. We would like to transfer the majority of the money from the sale to a bank/banks in Spain. I believe there is a maximum allowed before being heavily taxed by the Spanish Government. Is This correct? and if so does anyone know what the limit is?,...I also noticed that expatarrivals recommend Halifax and Barclays Banks, is it a good idea to have a UK account with either of these before opening a Spanish account with the same, or can those accounts work both in the UK and Spain?
Thankyou! Hope the above makes some sense! Sam

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