There is no limit to the amount of money you can take from the UK to Spain, but you must declare amounts exceeding 10,000 euros or the equivalent in another currency.
Detailed response to your request
When traveling from the UK to Spain, there is no limit to the amount of money that you can take with you. However, if you are carrying more than 10,000 euros or the equivalent in another currency, you must declare the amount to Spanish customs authorities.
It is essential to declare the amount to avoid any legal complications or suspicion by the authorities. Failure to do so could result in fines, penalties, and even seizure of the money. This measure aims to prevent money laundering and terrorist financing.
According to The Points Guy UK, “In most cases, carrying large amounts of cash on your person is an unnecessary risk. Not only is physical cash easily lost or stolen, but you’ll also need to declare any amounts greater than €10,000 to customs officials when traveling between certain countries.” It is highly recommended that you opt for other payment methods, such as credit or debit cards, to avoid the risk of carrying cash.
Interesting Facts:
- Spain is one of the most cash-based countries in Europe.
- The use of contactless payments in Spain remains low.
- The average daily spending in Spain is 70€ per person.
Below is a general table for the limit on money carrying to and from certain countries.
| Country | Limit to carry without declaration |
|---|---|
| European Union | €10,000 or equivalent |
| United States | $10,000 or equivalent |
| Canada | CAD 10,000 or equivalent |
| United Kingdom | £10,000 or equivalent |
| Japan | ¥1,000,000 or equivalent |
| China | CNY 20,000 or equivalent |
| Australia | AUS 10,000 or equivalent |
In conclusion, when traveling from the UK to Spain, there is no limit on the amount of money you can carry, but any amount exceeding 10,000 euros or equivalent must be declared. It is advisable to use other modes of payment to avoid the risk of carrying cash. Remember to comply with customs regulations at all times and have a safe trip.
Watch related video
The video discusses two ways of transferring money from Spain to the UK: using a bank or a currency broker. Banks can charge up to 3-4% more than currency brokers. However, the video provides four steps for transferring money regardless of the method chosen. The process starts with an identification check, a secure exchange rate will then be locked in before the euros are sent out. The broker will then convert the euros to pounds and send them to the UK bank account. The video warns about charges when selling property in Spain, but suggests a “sell-back” solution that enables clients to cash their banker’s drafts for free and save on costs.
There are alternative points of view
You must declare cash of £10,000 or more to UK customs if you’re carrying it between Great Britain (England, Scotland and Wales) and a country outside the UK. If you’re travelling as a family or group with more than £10,000 in total (even if individuals are carrying less than that) you still need to make a declaration.
You can bring up to €10,000 – or the equivalent in another currency – into Spain, without needing to take any specific action. Carry in excess of that, and you have to complete a declaration when you arrive – more on that later.
You can take up to £10,000 out of the UK in cash. If you are bringing more than this into or out of the UK, you must tell HM Revenue & Customs. You can do this with a form or at the airport or port. It is important to do this so that the police can check that the money is not stolen. Since June 2021, this also applies to gold and diamonds.
I am confident you will be intrigued
Considering this, How much cash can I bring to Spain?
Buying currency in the US
There’s no limit to the amount of cash you can bring with you to Spain. However, you’ll need to make a declaration at customs if you’re traveling with more than €10,000 cash, including traveler’s checks. Your bank will sell you euros at a competitive rate, though you’ll pay a commission fee.
Besides, How much money can you take through the airport to Spain? The response is: €10,000
You must declare at customs any money, negotiable instruments or securities worth more than €10,000 (or the equivalent value in a foreign currency) per person (you must complete a Statement of payment methods S-1 to be submitted to the customs service).
Additionally, Do you have to show proof of money in Spain?
Response will be: No. These rules have been in effect since 1st Jan 2022, however when it was first introduced it was just £85 (€100) a day per person.
How much cash can you carry on a plane internationally?
Answer will be: $10,000
You need to declare it when traveling internationally
It’s legal to travel with more than $10,000 in the United States and abroad. You have the right to travel with as much money as you want. However, during international travel, you need to report currency and monetary instruments in excess of $10,000.
Hereof, How much money can I bring to Spain?
One option is to send your money to Spain ahead of time with a money transfer service and have it waiting for pickup when you arrive. There’s no limit to the amount of cash you can bring with you to Spain. However, you’ll need to make a declaration at customs if you’re traveling with more than €10,000 cash, including traveler’s checks.
People also ask, Do British expats need to send money to Spain?
Response will be: M any Brits need to send money to Spain from the UK, either as a one-off exchange or on a regular basis. Their reasons range from investing in a holiday home to moving money from a UK pension. Often they are based in Spain, with more British expats living on Spanish soil than in any other European country.
One may also ask, How do I transfer cash in and out of Spain?
You can do this at the port or airport you first get to, or find all the forms needed to declare the movement of cash in and out of Spain here. All the paperwork – and the guidelines for completion – is available in Spanish only, so you might need a helpful Spanish speaking friend to help if you’re not up to translating yourself.
Thereof, What currency do you use in Spain? Hola, amigos! Are you planning a trip to the land of bullfights, tapas and flamenco? One of the things that makes Spain so travel-friendly is the use of euros as the national currency. Credit cards, debit cards and cash are all accepted.
Simply so, How much money can I bring to Spain?
As a response to this: One option is to send your money to Spain ahead of time with a money transfer service and have it waiting for pickup when you arrive. There’s no limit to the amount of cash you can bring with you to Spain. However, you’ll need to make a declaration at customs if you’re traveling with more than €10,000 cash, including traveler’s checks.
Beside this, How much cash can you take out of the UK?
Before you travel, it pays to learn how much cash you can take out of the UK and whether transferring it online beforehand may be a better choice. How much cash can you travel with? You can take up to £10,000 out of the UK in cash. If you are bringing more than this into or out of the UK, you must tell HM Revenue & Customs.
Similarly, Do British expats need to send money to Spain?
Answer to this: M any Brits need to send money to Spain from the UK, either as a one-off exchange or on a regular basis. Their reasons range from investing in a holiday home to moving money from a UK pension. Often they are based in Spain, with more British expats living on Spanish soil than in any other European country.
Just so, How do I transfer cash in and out of Spain?
You can do this at the port or airport you first get to, or find all the forms needed to declare the movement of cash in and out of Spain here. All the paperwork – and the guidelines for completion – is available in Spanish only, so you might need a helpful Spanish speaking friend to help if you’re not up to translating yourself.