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Cheapest/easiest way to receive money from Poland

mrjack
mrjack Posts: 38 Forumite
in Budgeting & bank accounts
Hi,

We need to receive around 200k PLN (~£50k) from Poland. What would be the easiest and cheapest way of doing this without paying huge percentages for transfer and exchange rates. We thought something like PayPal or MoneyBookers, but they seem to have transaction limits.

Any thought or experiences?

Thanks

Comments

  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Your bank account?
    You could arrange the exchange rate before the transfer is made at the Polish end if it is coming out of your account.
  • mrjack
    mrjack Posts: 38 Forumite
    What kind of fees are they likely to charge? I heard they were quite horrendous...
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Don't know you will have to ask the Polish bank as they will be sending the money.
  • dzug1
    dzug1 Posts: 13,535 Forumite
    10,000 Posts Combo Breaker
    A proper currency broker would be cheapest - I don't know enough to recommend one though
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    dzug1 wrote: »
    A proper currency broker would be cheapest - I don't know enough to recommend one though
    I agree somewhat - but even a currency broker cannot help themselves to the money from the Polish account - OP still has to get it there.
This discussion has been closed.
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