Sending Money Overseas article discussion

Using a currency broker who offers Regular payment plans may be a convenient choice for him especially on the smaller amount. The broker can Direct Debit from his Yorkshire bank account and transfer the funds to his French bank account on a weekly/monthly/bi-monthly/quarterly basis.

Another handy choice on these plans is to lock the exchange rate in (with Moneycorp this is up to 2 years) so he knows exactly how much he will receive each month and can budget, or he can choose a variable plan so the rate will be dependent on where the market rate is at the time of booking that particular installment each time.

Alternatively he can use telephone or online trading (24/7) to book his transfers each time as and when he wants to.

For the larger amounts most currency brokers offer a personal telephone dealer service who can offer market guidance and various tools to lock in the best exchange rate so he can make the most for his money.

pbh wrote: »

[I have a friend moving to France who does not use the internet and he has sold his property in the Uk and banks with Yorkshire Bank
He is looking to relocate to france and buy a property out there and wondered which is the best way to transfer the funds to cover living expenses and eventually large amounts to buy a property He is going to france and will be opening an account in the next couple of weekso

any advice or pointers much appreciated?:money:

I'm a little confused. Martin says, at *worst*, one should find a deal that matches the *best* rate on TravelMoneyMaximiser. This doesn't seem to be true. TransferWise comes out top (to transfer ~£1000) but it doesn't match the Clarity rate. Perhaps he meant the best rate amongst forex companies?

Has anyone found a cheaper option than TransferWise?