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    • PaulArcas
    • By PaulArcas 11th Jul 17, 4:05 PM
    • 7Posts
    • 0Thanks
    PaulArcas
    International transfer
    • #1
    • 11th Jul 17, 4:05 PM
    International transfer 11th Jul 17 at 4:05 PM
    I will soon be moving to Germany from England and have to put down a deposit for a property rental.
    My bank accounts are in £ and the Berlin account is in €. I am not entirely sure how international transfers work however the rental agent recommended:

    If you pay an advance to the owner from abroad, please make sure that you have the owners IBAN and Swift code if you live in a Euro country - use an international standard form for your bank transfer and the transfer is free of charge.
    I am not entirely sure what that means, if there is some jargon in there that refers specifically to international transfers or not.
    Can anyone provide any advice?
    Thanks
Page 1
    • eskbanker
    • By eskbanker 11th Jul 17, 4:40 PM
    • 5,465 Posts
    • 5,270 Thanks
    eskbanker
    • #2
    • 11th Jul 17, 4:40 PM
    • #2
    • 11th Jul 17, 4:40 PM
    As you don't live in a Euro country it won't be free to send money from your UK sterling bank account to a German euro account, although you will need the IBAN/Swift code for the account you're sending to.

    There are currency brokers that undercut the main banks though - check out http://www.moneysavingexpert.com/banking/foreign-currency-exchange for details of the most cost-effective ways of transferring from a £ account to a € one....
    • xylophone
    • By xylophone 11th Jul 17, 5:35 PM
    • 22,881 Posts
    • 13,243 Thanks
    xylophone
    • #3
    • 11th Jul 17, 5:35 PM
    • #3
    • 11th Jul 17, 5:35 PM
    https://transferwise.com/gb/blog/opening-a-bank-account-in-germany
    may be worth a look.
    • PaulArcas
    • By PaulArcas 12th Jul 17, 3:17 AM
    • 7 Posts
    • 0 Thanks
    PaulArcas
    • #4
    • 12th Jul 17, 3:17 AM
    • #4
    • 12th Jul 17, 3:17 AM
    As you don't live in a Euro country it won't be free to send money from your UK sterling bank account to a German euro account, although you will need the IBAN/Swift code for the account you're sending to.

    There are currency brokers that undercut the main banks though - check out for details of the most cost-effective ways of transferring from a £ account to a € one....
    Originally posted by eskbanker
    Ah, I was looking for such a guide! Thank you
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