Question 13 : How should I send my funds over when buying a property in Tenerife?

If you’re planning to buy a property in Tenerife and your home country does not use euros, you will need to exchange your funds for euros.

Banks often charge high fees for currency exchange, which can significantly increase your costs, therefore, we always recommend using a foreign exchange company for more favorable rates.

30 questions in 30 days – 13 – How should I send my funds over when buying a property in Tenerife?

There are several foreign exchange companies available and it’s crucial to choose a reputable one, we always refer our buyers and selelrs that need to exchange funds into a different currency to Currencies Direct.

Ensure that the company is registered and take the time to read reviews from other customers.

This step can help you avoid companies that may not provide the best service.

If you need more information or assistance with the currency exchange process or buying property in Tenerife, feel free to reach out. Making informed decisions can save you money and ensure a smoother transaction.

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