cheapest way to transfer money abroad

greycleo

We need to send @ £50 to India to book a trip whilst on holiday, we have the bank details but our bank wants £25 to do this. Any advice on the cheapest way to do this very welcome. We live in a rural area and nearest city is £20 return by train so electronic methods preferred.


thanks

Voyager2002

Open an account with Custom House (https://www.xe.com)...

Personally, I would NEVER pay in this way for a trip in India. If they don't accept card payments then pay when the trip actually takes place, when you are there.

greycleo

Thanks for this, it is a legitimate state wide co-operative using local people to offer trips/accommodation etc, and we would like to support local providers while we are there. We have checked them and their bank details out and all appear legit

Satoshi

what about payson?

greycleo

Can you explain more please?

Prachi

I would recommend using Xoom to transfer money. I have used this service for several years now and it works great. When I send to an HDFC account the money gets there in less than a minute which is awesome! I sent over $1000 last week and there were no fees at all. Definitely recommend for sending money to India

Teahfc

Best of luck !

NiftyDigits

Prachi wrote: »

I would recommend using Xoom to transfer money. I have used this service for several years now and it works great. When I send to an HDFC account the money gets there in less than a minute which is awesome! I sent over $1000 last week and there were no fees at all. Definitely recommend for sending money to India

That's not quite right, as they shave a little off the exchange rate. Even at 1 Rupee per US$, that is 1000 Rupees. Nearly £10.

TransferWise offers better value.


Prachi bumped a five month old thread to post this...

Pollycat

Creques
So you've found a thread that's over a year old and just want to tell us how good Xoom are.....?

Yeah right. :rotfl:

Hersetta

Exchange4free might be an option.

Pollycat

Hersetta wrote: »

Exchange4free might be an option.

Just to point out that nobody is currently asking for advice about the best way to transfer money.

The thread was started back in Jan 2014, then resurrected in July 2014 by somebody recommending (or advertising) Xoom and then again yesterday by somebody also recommending (or advertising) Xoom.

I'ver reported Creques's post as spam, you may wish to do the same.