changing 20,000 euros into pounds?

samiam85

I have an account in cyprus that has 20,000 euroes.
What is the best way of converting it to pounds?

1. basc / chaps to a uk account? if yes then which? nationwide?

2. take it out it cash and then convert it in the post office....:eek:

3. some other way that is better?

Thanks so much for your help.

samiam85

anyone? bump bump

agsnu

http://www.moneysavingexpert.com/banking/foreign-currency-exchange

orangeslimes

doing a bank transfer will probably get you a better rate than cash (and is more secure) I think something called a SWIFT transfer and if you pay it into Nationwide they wont charge- I transferred some euros from abroad that way to NW no problems and that is what i was advised (not quite as much though) you prob should check if the bank in Cyprus will charge though.

FraudBuster

Entering the UK carrying €20k in cash could give some problems if you get stopped!

P.S. Visiting any UK financial institution with €20k in cash is not advised.

socrates

Most of the Cypriot banks as you know have branches over here - just arrange for them to put it into a Sterling A/C.

samiam85

anyone moved this much money before?

gozomark

socrates wrote: »

Most of the Cypriot banks as you know have branches over here - just arrange for them to put it into a Sterling A/C.

except they may give you a bad exchange rate....

agsnu

gozomark wrote: »

except they may give you a bad exchange rate....

And you may be charged on the incoming side too.

Read the article I linked to above.

SavingSteve

I've used www.currencies.co.uk before, found they provide good service and rates.