bank charges to transfer cash abroad

aliyah

hi, i wonder if anybody can offer any advice?

we have a savings account in a bank in morocco (my husbands home country) and make the odd deposit there. we really want to increase this to a set monthly amount (£500) as we are planning to look at properties over there.

however, we are currently paying a £30 charge each time we do this, regardless of the transfer amount!

we have accounts at alliance & leicester, RBS and Halifax.

any advice on the cheapest way of doing this would be greatly appreciated.

thanks!

grumbler

Sending Money Overseas: Moving money large or small Martin's article with links to two discussion threads ...

aliyah

thanks for your speedy reply grumbler ...lots of really helpful info here. am looking into a couple of the transfer companies.

if anybody has experience dealing specifically with morocco, i would be very grateful to hear your experiences.

aliyah

thanks paul,
i see your point and thats a good tip. but we have an account there for the one purpose of funding the purchase of our second home which we hope to buy at the end of the year.

we need to show regular deposits to be granted the 40% mortgage in morocco.