Least expensive way to transfer money from Irish to UK bank?

ralphaverbuch

Hi

My wife just sold her old home in Ireland and we want to repatriate the balance, after settling her mortgage, into the UK.

She has an AIB account in Ireland and I have a Bank of Ireland one which we each use a little but likely much less so now her place is sold.

In the UK our main joint account is a Clydesdale Bank account, though I also have a less used LloydsTSB account in my name.

The concern is trying to minimise the fees we get hit with in transferring the money from Euros into Sterling and getting, as near as is possible, to the actual exchange rate.

We could transfer the money directly from the buyer to one of our UK bank accounts... but is that the right thing to do?

Any advice would be very very welcome.

Thanks

Ralph