€ to £s

benschita

Good Morning everyone.
Does anyone have any advice on changing a large amount of €s to £s ?
Need to work out the cheapest way of transferring money after selling a house in Europe. Is there a firm that continually offers top exchange rates?

Many thanks for your help - I'm trying to help an elderly friend and stop them being "done".

justme111

https://www.xe.com
Used them myself

eDicky

justme111 wrote: »

https://www.xe.com
Used them myself

So did I in the past, but now their rates don't seem very good. Also they are based in Canada and the sign-up is less simple than with a firm such as TransferWise, who provide the perfect mid-market rate at the moment of conversion for a 0.5% fee € > £. I can provide a referral link for £15 discount if requested by PM.

On the other hand, for transferring a large amount bank-to-bank the fixed bank fees are much less relevant, if a decent exchange rate can be negotiated with either the sending or receiving bank, and provide better confidence.

kingrulzuk

Try: http://www.hifx.co.uk/


I have used them before and got a good rate. simples

colsten

Use one of the comparison sites to figure out the best deal at a given time
fxcompared.com, for instance

justme111

Ate there any protection for that money as it feels eerie to click the button of sending money (family savings from previous generation for example of money from house sale representing most of one's financial worth ) to some bank account in Lithuania that belongs to a private company.

mgdavid

try currencyfair.com - they're based in Ireland

justme111

But if they are not regulated it still is scary. .

mgdavid

'scary'?
do you understand the process and timeliness of these transactions?
if not your argument is weak.

Back to the OP - you say you are trying to stop them being 'done'.
In what way exactly?
Security comes at a price, if you are paranoid because of the size of the sum of money then be prepared to pay the price of a bank to bank transaction.
If you are prepared to make a rational analysis of the risks and come to a different conclusion then a useful amount of money can be saved. It's called free market choice....

justme111

I do not understand it so I can not have an argument , I can only be scared:D

Preedyboi

Beware of XE and Hifx, as I found out to my expense, there is a disclaimer on their websites that they do not offer the displayed rates, they are just 'indicative rates' aka live market rates only.

I would recommend Thomas Exchange, they are constantly offering the best rates on Martin Lewis' Travelmoneymax and offer special rates and no fee for large transfers.:j