Euros from a Dutch bank acccount

tjr1234

thanks for any help.

My beautiful dutch gf is a student studying in london but gets her loan paid into a dutch bank account. everytime she goes to the cash machine for money she has to pay a fee from the bank, a charge from the cash machine and as far as i can tell a pretty bad exchange rate.

Is there anyway for her to save money?

cheeeers

opinions4u

She could open a UK account and use that for withdrawals free of charge.

She will still need to move money from the Dutch account and there will be a cost to this. Perhaps moving funds in large chunks would be better than several smaller transactions.

So price up the different methods.

jonesMUFCforever

Has she got a UK bank account?

If so she can transfer the money in one amount.

dazza.mk

Open an account with a bank that does not charge to receive Eur transfers (up to 50,000 Euros per EU regs - not relevant to her but in case someone else reads this) ie HSBC/First Direct there are others (not LTSB/Halifax/BOS)
Then transfer the loan (in Euros not in £) from her Dutch bank account to her UK account. The only charges she should receive should be the same as making a Euro transfer within the borders of Holland (If there is no chareg for this it should be free) - no explicit charges and no loading of the fx rate to generate a charge.

tjr1234

thanks for the help