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Emigrating to France, Money Advice Needed

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  • Voyager2002
    Voyager2002 Posts: 16,349 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    TakeThis wrote: »
    Perhaps you can go back in order to read post #11.

    I did read #11. Aside from the difficulty of getting any sort of sensible response from a French bank (they make UK banks seem like examplars of customer service by comparison), the transfer would not be instantaneous, and so the conversion would happen at some time in the future. No bank can possibly tell you what the rate is going to be the next day, and in fact it might be several days before the funds are converted.

    Do you work for Halifax?
  • TakeThis
    TakeThis Posts: 2,909 Forumite
    I did read #11. Aside from the difficulty of getting any sort of sensible response from a French bank (they make UK banks seem like examplars of customer service by comparison), the transfer would not be instantaneous, and so the conversion would happen at some time in the future. No bank can possibly tell you what the rate is going to be the next day, and in fact it might be several days before the funds are converted.

    Do you work for Halifax?

    No, a man of means.

    As I wrote before, I know of quite a few people who make transfers to Asian banks this way and get a favourable exchange rate.
    Of French banks I have no experience. So my advice was to at least enquire.
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