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Transferring money abroad without paying fees?
Jamopy
Posts: 105 Forumite
I recently had to borrow some money from a friend of mine when i had some issues with my debit card. They've now moved on on a backpacking tour and i promised to transfer the money to their bank account. When i tried to transfer the money to their account (Australian) i couldn't do it because their accounts have 9 digits but i could only enter 8 digits when trying to transfer through internet banking. I got in contact with my bank and they told me how to do it, but also said it would attract a £25 charge, which is nearly half as much as i borrowed to begin with. Is there any way to transfer the money without paying these fees?
Otherwise it would probably be cheaper to put the money in an envelope and send it recorded delivery.
Otherwise it would probably be cheaper to put the money in an envelope and send it recorded delivery.
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Comments
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Pay by PayPal?0
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Is that possible? I've only ever used paypal to buy things online.0
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Use a specialist money transfer service, such as transferwise0
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PayPal is easy, but not the cheapest, the fees are not transparent, and if something goes wrong it's a real pain.
Have a look at CurrencyFairLet's settle this like gentlemen: armed with heavy sticks
On a rotating plate, with spikes like Flash Gordon
And you're Peter Duncan; I gave you fair warning0 -
Use a specialist money transfer service, such as transferwise
Don't think transferwise works with AUD - it still has a pretty limited range of currencies, mostly focused on Europe.Let's settle this like gentlemen: armed with heavy sticks
On a rotating plate, with spikes like Flash Gordon
And you're Peter Duncan; I gave you fair warning0 -
Is your friend really in need of the £50/60 you borrowed, could it not wait till he came back.
Ask him....make the most of it, we are only here for the weekend.
and we will never, ever return.0 -
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Don't think Transferwise do Aussie dollars as tried when I went travelling. Ended up using FTT global who may be worth checking out as cheaper than Paypal.0
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Does the friend not have a UK account?
Why not transfer it there free of charge with a faster payment.0
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