bank transfer or cash?
klay_pigeon
Posts: 1 Newbie
Hello!
A European colleague is to give me around 1000 euro from their personal account to mine, and we are wondering if it will be cheaper to do a bank transfer, OR to receive the cash and for me to exchange it into sterling once I return to the UK...
anyone have any clear ideas on this?
thanking you
KP
A European colleague is to give me around 1000 euro from their personal account to mine, and we are wondering if it will be cheaper to do a bank transfer, OR to receive the cash and for me to exchange it into sterling once I return to the UK...
anyone have any clear ideas on this?
thanking you
KP
0
Comments
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your bank will charge you a fee, plus unless you have a Euro account, a bad exchange rateSave 12k in 2020 #19 £12,429.06/£14,0000
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3rd option - transfer between bank accounts via an FX broker such as https://transferwise.com/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 -
3rd option - transfer between bank accounts via an FX broker such as https://transferwise.com/
I use https://www.currencyfair.com/0 -
Cheapest way will almost definitely be CurrencyFair.0
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Do you want the money as pounds in your bank account, or Euro to spend while abroad?0
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klay_pigeon wrote: »Hello!
A European colleague is to give me around 1000 euro from their personal account to mine, and we are wondering if it will be cheaper to do a bank transfer, OR to receive the cash and for me to exchange it into sterling once I return to the UK...
anyone have any clear ideas on this?
thanking you
KP
Or option no. four would be to use this transferwise invite link where you will get your first transfer for free + at the actual exchange rate. That makes everyone a winner. transferwise.com/u/5b84
I am using it every month to transfer part of my uk salary from a uk bank to The Netherlands.
Cheers!0 -
Transferwise or Paysera could be an option - such services often offer better exchange tares than banks do. Using them money could be transferred to your bank account. Information about exchange rates can be found on the web pages of these companies.0
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klay_pigeon wrote: »once I return to the UK...Now free from the incompetence of vodafail0
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