Money transfer

coldcarib

Hi All,

I want to transfer Sterling from the proceeds of my house sale to Spain for a house purchase and I have searched the internet for brokers rather than going through my bank.
I have opened an account with one broker https://www.currenciesdirect.com ( not to be confused with currencies.co.uk ) which have numerous awards etc and apparently was featured on cnbc but before procceeding further has anyone had dealings with this company or know anything about it?

currenciesdirect use HSBC at 69 Pall Mall, London, SW1Y 5EY

and head office is
Currencies Direct Limited
51 Moorgate
London EC2R 6BH
United Kingdom.

jonesMUFCforever

Ithought this was spam otherwise why bother posting in more than one board?????

coldcarib

NO I am not spamming but asking a genuine question.
AS I am new to this site I wasnt sure where to post hence different topics!!!

I was trying to give as much info as possible and I also didnt want to get 2 companies with similar names mixed up.

The website link was for someone/anyone to checkout.
The head office and bank address was also to check out to make sure it wasnt a garage/P.O. box/ bedsite etc.
(As I had read in one of these posts before) opening an account with a broker did not cost me any money and rather than a website giving me highly inflated exchange rates they have to give you the correct price ( as also stated in an earlier post).

I did not state I had transfered money into any account!!!
I am also taking the advice (also from an ealier post ) and opening another possible 2 more accounts for the best rates and advise.

All I wanted to know was and is the company mentioned a bonafide company and has anyone used them or has anyone used any others that i can consider.

P.S.
I could not find any info on cnbc or sunday times website(as they have advertised) for the fore mentioned company

jonesMUFCforever

Sorry see my response on the other board.

coldcarib

I registered with 3 big companies which is free and they give you an actual price rather than an over inflated price.

On a transfer of Sterling into euros the first offered me a rate that a took to the other brokers who all bettered the first broker, I then went back to the first broker and they bettered the last.

All charges were paid for by the broker including my Spanish bank receiving charges which can be up to 1000€

The GBP exchange to € price quoted by the broker was the amount I would received all in with no deductions.

I tranferred my money on Monday morning to the brokers UK bank.
I was updated with the progress at each step.
I received the money into my Spanish account on Tuesday night.


I recommend transferring money this way as proccess was very simple and very quick, better than a bank.

I got a rate of 1,478 which worked out to be around an extra 5000€ compared with a bank

jonesMUFCforever

As its Panto season Oh no you didn't because you were quoted the wrong rate by your bank.