Sending money overseas discussion area

inmypocketnottheirs

TinaH wrote: »

... and hoping that the UK government will bounce into the 21st Century and join the EURO!!!!!

Hope not......

peter999

inmypocketnottheirs wrote: »

Open a stirling and euro account with citibank in the UK.. You can then transfer funds across and withdraw using your visa debit card by switching the card between accounts. www.citibank.co.uk

Do you mean open 2 accounts & withdraw using debit card for each account ??

peter999

inmypocketnottheirs

peter999 wrote: »

Do you mean open 2 accounts & withdraw using debit card for each account ??

peter999

Yes, exactly. Two accounts and switch the card between them. But check the other suggestions in this thread, because there may be better rates available and cheaper methods. However the citi option is easy, quick and flexible. It certainly suits me.

HTH

portvilla

I will be buying a property in Portugal soon and wish to get all the money sorted out before I go I thought if I used a foreign exchange company to get the best rate then have them put the Euro's into a bank account I can access from Portugal and or the UK I can then set up direct debt/standing orders etc can any one advise on what UK bank will be able to do this

Misty1_2

I have a French bank account which I use to pay utility bills (Britline Credit Agricole). Britline charged a huge fee to process Sterling cheques as well as a lousy exchange rate so I used to send Euros direct (insured with Post Office) as there was no charge to pay these in to the account. Then Britline stopped accepting cash so now I send Euro Travellers Cheques - there is no charge to pay these in and they are credited immediately to the account. Britline don't exactly advertise this fact, so I just wondered if this might be helpful for others, not sure however if all French banks accept them.

ferpferpferp

Hello, I need to send $250 (or the GBP equivalent) to Serbia. I've heard that using Western Union can be dodgy as I don't personally know the person I'm sending it to (they have done some work for me).

I can't use Paypal as they don't have it in Serbia.

Can you recommend a safe way to send the money? Thanks.

inmypocketnottheirs

Transfer direct to their bank?

Andrew__4

Hello - new member.

Was wondering whether anyone could give me some advice.

I'll be moving to France for 3 months (possibly 9 months) as part of my gap year. I have a place to stay but I will be required to pay via bank transfer to the tenants' daughter's bank account (which is a French bank account).

I have internet banking set up for two bank accounts of mine; Nationwide and HSBC. I've found details on Nationwide's and HSBC's costs for doing international bank transfer. I don't mind them really, and I am happy to pay £15 that HSBC are showing.

My question is, however, am I able to do an international bank transfer via internet banking, for either of my accounts? I've only ever used the bank transfer between my bank and my parents, when paying back.

I've been told that I will get the tenants' daughters' bank details in the form of "RIB" - does anybody know what this means?

Any help would be greatly appreciated!

Thanks!

susieQ_2

I know you need international bank account numbers for transfers, perhaps RIB refers to that?
I have a similar problem :-

I want to book a gite in France but the owners request payment in Euros and as it obviously would not be sensible to send cash through the post, how do I sort this without having to pay huge bank fees (10% of the cost of the holiday!)?
I would appreciate some guidance. Thanks very much.

runciblespoon

I assume they don't take cards?

If you open a Citibank Euro current account (in the UK), which is free, you can send SEPA payments for nothing. SEPA are the new Euro payments, a bit like BACS across the Eurozone. Their French bank should accept them for a very small charge, if any, to the recipient.

If you have a Citibank sterling current account too, you should be able to do transfers between them at no charge (but there will be a load on the exchange rate).