International Buyers in Mallorca: How to Send Large Sums Abroad Without Losing Money

Buying property in Mallorca is an exciting step for international buyers, but one crucial aspect is often overlooked: sending large sums of money abroad safely and efficiently.Poor exchange rates and hidden bank fees can cost buyers thousands of euros during the purchase process, especially when transferring funds for deposits or completion.

This guide explains how international buyers can transfer money to Spain without unnecessary losses, and why many property buyers in Mallorca rely on Currencies Direct.

1. A common mistake international buyers make in Mallorca

Many buyers purchasing property in Pollença, Alcúdia or the north of Mallorca rely solely on their high-street bank to transfer funds.Traditional banks often apply:

• Unfavourable exchange rate margins

• High or unclear transfer fees

• Limited support for large international property transactions

  
  

With property purchases, even small exchange rate differences can mean losing thousands of euros.

2. Why exchange rates matter when buying property in Mallorca

When buying property in Spain from abroad, the final cost depends not only on the purchase price, but also on:

• The exchange rate at the time of transfer

• The provider you choose

• Market fluctuations

  
  

A poorly timed or overpriced transfer can significantly increase the true cost of your Mallorca property.

3. What is Currencies Direct and why buyers in Mallorca use it

Currencies Direct is a specialist in international money transfers, widely used by overseas buyers purchasing property in Spain and Mallorca.

Key benefits include:

• More competitive exchange rates than traditional banks

• Transparent pricing with no hidden fees

• Dedicated support for large property-related transfers

• Experience working alongside lawyers, notaries and real estate agents in Mallorca

  
  

4. Benefits for international buyers in Pollença and North Mallorca

✔ Real savings on your property purchaseBetter exchange rates can significantly reduce the overall cost of buying.

✔ Security and peace of mindEssential when transferring large amounts for deposits or completion.

✔ Ability to plan the transfer timingSet target rates or alerts to transfer funds at a more favourable moment.

✔ Widely used by international buyers in MallorcaA familiar and trusted solution in the local property market.

5. How to send money when buying property in Mallorca

1. Open a free account with Currencies Direct

2. Request a quote for your transfer

3. Compare the exchange rate with your bank

4. Plan the timing of your transfer

5. Send funds securely and efficiently

   
   

This approach is especially helpful when buying property in Pollença, Pollensa, Alcúdia and surrounding areas.

6. Conclusion: Buy in Mallorca without losing money on transfers

Buying property in Mallorca isn’t just about choosing the right home.Managing your international money transfer correctly is a key part of protecting your investment.

Using a specialist provider like Currencies Direct can help international buyers avoid unnecessary fees, secure better exchange rates and complete their purchase with confidence.

Currencies Direct

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Your money, when and where you need it

Easy currency exchange and international payments with great rates and expert support.