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Transferring money to overseas bank acount
manchestermargo
Posts: 110 Forumite
I want to transfer some money (£1,000) to my daughter's bank account in Canada. I have read what Martin has to say on this subject but wondered if anyone had any experience of doing this personally. I can use my bank which has a flat fee of £25. This seems quite expensive.
Thanks
MM
Thanks
MM
0
Comments
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Hi
I often transfer money to a Spanish account, if you use your bank they will apply this fee and they will give you a poor rate. I use transferwise It takes usually 2 days and the rate is much better. I can give you a referral link that will give you a free transfer for up to £3000, or you can go via quidco and get £5.
disclaimer:my referral will earn me a bonus and will only be supplied is specifically asked for.0 -
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Thanks to both for your replies. Salaryslave please supply link if that's OK.
MM0 -
£9.50 if you have a halifax bank account - £25 fee sounds like its the CHAPS service being used and not international transfer service....I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%£2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%Total £4095.19/£7332.95 = 55.84%0
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http://www.barclays.co.uk/Helpsupport/Internationalpayments/P1242593395280£25 fee sounds like its the CHAPS service being used and not international transfer service....
Santander
£15/£19 at Lloyds online / in a branch.0 -
3 euros fee and a better rate of exchange if you use
https://www.currencyfair.com
or one of the other forex services.The questions that get the best answers are the questions that give most detail....0
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