Deposit not yet in the UK

Voyager2002

MamaT wrote: »

want to know if we should go ahead with the application without yet transfering the funds and save the £1.2k or transfer now and take the hit of £1.2k instead of having our application turned down.

As others have said, no-one can possibly know what the exchange rate will be in December. All that we know is that had you moved the money at some point in the past you would have been paid 1,200 pounds more for your currency than you would if you did the transfer today. It is entirely possible that the value of the pound will continue to increase, so that if you wait until December you will "lose" another thousand or more pounds.

If you want to collect opinions on what the exchange rate is likely to do then that is easy: I suggest, however, that you completely ignore the opinion of the banker you mentioned, since s/he clearly does not understand the first thing about currency markets.

ValHaller

CapJ wrote: »

Again a bit of an exaggeration. They asked you some questions about the source of funds. Since you were free to leave at any time (bank staff don´t have detention powers) the barred windows were irrelevant.

Not a word of exaggeration. The room did indeed have barred windows. And I never said I was not free to leave. Another problem with this fleapit of a country is the fellow countrymen who are eager to brush off such things as unremarkable.

CapJ

ValHaller wrote: »

Not a word of exaggeration. The room did indeed have barred windows. And I never said I was not free to leave. Another problem with this fleapit of a country is the fellow countrymen who are eager to brush off such things as unremarkable.

I suggest you reread what I wrote as you don´t appear to have understood it very well, or perhaps you could look up the word "irrelevant" if you are still unsure.

Since your entire experience was to be questioned on the source of your funds it was not remarkable and happens all over the world.