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international wire transfers

BarginHunter1985
BarginHunter1985 Posts: 136 Forumite
in I wanna buy it or do it
Hey,

I have to pay some money by international wire transfer, I have the address, acc number, swift code, iban number, bank etc, but I don't understand any of it, furthermore I am supposed to pay in EUR. I am well confused, does anyone know what I have got to do

Thanks

Sab

Comments

  • fatboyonadiet
    fatboyonadiet Posts: 5,400 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Have you tried this thread? http://forums.moneysavingexpert.com/showthread.html?t=47961 or maybe ask your bank, there will be a charge though
    2p off is still 2p off!
  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Usually you cannot do this online. I think you should phone your bank of visit a branch. This is a Barcalys' booklet (for example):
    Sending and Receiving Money

    P.S. Yes, this is not the cheapest way to send money abroad...
  • Natelle_2
    Natelle_2 Posts: 110 Forumite
    BarginHunter1985 wrote:
    Hey,

    I have to pay some money by international wire transfer, I have the address, acc number, swift code, iban number, bank etc, but I don't understand any of it, furthermore I am supposed to pay in EUR. I am well confused, does anyone know what I have got to do

    Thanks

    Sab

    A little more non- personal information, such as the country the money is to go to, approximate value, is it to be a one off payment or could it become regular, could help in getting ideas.
    EJS
  • BarginHunter1985
    BarginHunter1985 Posts: 136 Forumite
    Natelle wrote:
    A little more non- personal information, such as the country the money is to go to, approximate value, is it to be a one off payment or could it become regular, could help in getting ideas.


    Well i'm going on a summer scheme in Prague, Czech Republic and they said I have to pay it into there bank account etc. It is a one off payment

    Cheers

    Sab
  • JanCee
    JanCee Posts: 1,241 Forumite
    Just take the information you have been given to your bank and they will make the payment on your behalf and debit your account with the sterling equivalent, plus charges. I would advise you to go in person, banks will not accept these instructions over the phone or by fax.
  • Pottymouth_2
    Pottymouth_2 Posts: 79 Forumite
    Hi Sab,

    You should be able to do this through several brokers for a good price (better than banks). i have used HIFX and they did a great job - they will buy the currency for you at a price they state over the phone and hold it till you send them back a form with bank acc details of where funds are to go - and then they'll send it to the destination account.

    http://www.hifx.co.uk/

    Rgds, Potty.

    (Enjoy Prague - fantastic way to spend a summer*G)
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