Spanish banks which are charging residents for money transfers up to €50,000 from the UK at a higher rate than they charge for national transfers ‘are doing so unlawfully’ if the transfer is completed via IBAN.
This was the assessment made by the co-founder of the now-defunct British Expats Association, David R. Burrage.
Full report in Friday’s Costa Blanca News – available from supermarkets, tobacconists/newspaper shops and online at www.costa-news.com
