Money transfer from Germany

NFH

southgirl wrote: »

I contacted my bank ( Santander) and apparently they don't charge for international transfer but the originating bank might

A German bank will charge the same for a cross-border euro payment within the Single European Payments Area (of which the UK is a part) as it charges for a domestic euro payment within Germany, i.e. usually free of charge, as a result of Article 3(1) of Regulation (EC) No 924/2009 on cross-border payments in the Community.

catokelly

Santander may not charge you for receiving an inbound payment in Euros, BUT you will be subject to their terrible Euro to Sterling conversion rate! Or if the German bank is converting it to Sterling before sending it, their rate my not be good either.

If its a one off payment, its probably ok but if you are going to get Euro payments a couple of times a year, I advise you to use a currency broker. They usually hold currency accounts in Euros. Therefore you could transfer Euros directly to their Euro account, they would then negotiate the Euros into Sterling for you and would then transfer the Sterling equivalent to your uk bank.

I use Thomas Exchange www.thomasexchange.co.uk quite often when transferring Dollars and Euros from my accounts abroad back to the UK (when i was transferring the dollars and euros directly to my bank the rates and fees were lousy)!

Its quite easy to set up you just need to register and provide id.You can email them [EMAIL="enquiries@thomasexchange.co.uk"]enquiries@thomasexchange.co.uk[/EMAIL] or ring them (I notice their website concentrates more on sending money out of the uk so there isnt much info about it on their website).