transfering money form abroad to a UK account

whereschris

Hi

I need to transfer money from France to the U.K. Last time I did it i used Travelex which wasn't too bad and saved a fortune compared to the usual bank fees. Was wondering if there are any better companies around. It is to buy a house so it is a reasonable sum.

Thanks

System

We will be receiving rental income for a property in Germany. What is the cheapest way to receive that money and can anyone tell me of any potential fees etc besides the obvious currency exchange factor?

Should we leave it in a German bank account and transfer once a year or transfer it every month into our current account?

brh14

I would like to transfer some money from an account in the Netherlands where i have been working (all tax paid etc) into a uk account. Can anyone suggest a way of doing this to minimise charges from banks/exchange rates etc

digerati

You can make an international bank transfer for free (or low cost*) from the Netherlands to the UK. (See EU/EEA directive 2560/2001 or ask your bank for details.)

The transfer must be in Euros using your BIC + IBAN details (printed on your UK bank statements) with Shared costs selected. Most such transfers take between a few hours to several business days to be credited to your UK bank account.

The cost (if any) to send the transfer will be the same as for a domestic bank transfer (overboeking).

The exchange rate is usually very good at around mid-market.

*NatWest/RBS charge a £1 fee for a notification letter (which you can opt out of).

poppyoscar_3

i'll shortly be returning to the uk after 7 years in france. :j
i need to transfer the money from the sale of my property here back to the uk. i have a sterling bank account in the uk (natwest current account) and a euro account (barclays france) here. i'll be transferring around 240000€, give or take. what's the best (cheapest!) way to do it? any help very welcome!!!

missile

I have found https://www.hifx.co.uk quite reliable

roadsidetree

hi,

what is the best way to send money from France to UK? a friend of mine is looking to transfer around 8,000 euros. western union is a no option.

thanks

digerati

roadsidetree wrote: »

what is the best way to send money from France to UK? a friend of mine is looking to transfer around 8,000 euros. western union is a no option.

Cheapest and safest way to transfer your friend's money would be to do a bank transfer using BIC + IBAN in Euros with Shared costs (Frais partagés). The cost will be identical to that charged for a domestic transfer to a French bank so quite cheap. No cost on the UK side and usually a very good exchange rate too. BIC + IBAN details are listed on all UK bank statements.

angelicfruit

Could anyone recommend a cheap way to regularly transfer money from Ireland to the UK? I need to be able to transfer €600 from Ireland to the UK on a monthly basis. It works out a bit pricey using my bank (Bank of Ireland to Natwest).

digerati

angelicfruit wrote: »

Could anyone recommend a cheap way to regularly transfer money from Ireland to the UK? I need to be able to transfer €600 from Ireland to the UK on a monthly basis. It works out a bit pricey using my bank (Bank of Ireland to Natwest).

Customers in the Republic of Ireland (Eire) can send an international bank transfer to the UK for the same cost* as a domestic transfer to an Irish bank. (See EU/EEA directive 2560/2001 or ask your bank for details.)

The transfer must be in Euros, using your BIC + IBAN details (on your UK bank statements) with Shared costs selected. Most transfers take between a few hours to several business days to be credited to your UK bank account.

*NatWest/RBS charge a £1 fee for a notification letter (which you can opt out of).

Biggles

Though, of course, that directive only covers getting your Euro to your UK bank. As now, they will be able to charge for converting them to Pounds, so check that cost.