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I want to transfer sterling to NZ

penelious
penelious Posts: 103 Forumite
edited 24 August 2016 at 3:22PM in Budgeting & bank accounts
Hello. There are no end of international transfer services to send GBP and convert it to the currency of the country you are sending it to. However, the company in NZ I want to pay £23 do not want it to be converted and want to receive the exact GBP amount. I have searched a number of transfer sites which all seem to not give this option and all force conversion. My Lloyds bank account will do it but they want £9.50 for the privelege, which seems a lot for a meesley £23 spend. Is this the best deal I'm going to get? Any transfer site out there that doesn't convert currency? Thanks

~ Always borrow money from a pessimist. He won’t expect it back.~

Comments

  • eDicky
    eDicky Posts: 6,835 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    penelious wrote: »
    However, the company in NZ I want to pay £23 do not want it to be converted and want to receive the exact GBP amount.
    How does this company want to receive the £23? Can they not take a simple card payment?
    Evolution, not revolution
  • ColdIron
    ColdIron Posts: 10,327 Forumite
    Part of the Furniture 10,000 Posts Hung up my suit! Name Dropper
    Maybe PayPal?
  • agrinnall
    agrinnall Posts: 23,344 Forumite
    10,000 Posts Combo Breaker
    Why would a company in NZ want to receive funds in sterling which will then cost them to convert to NZD? It makes no sense, are you sure you or they haven't misunderstood some part of the transaction?
  • MrsWenger
    MrsWenger Posts: 416 Forumite
    Part of the Furniture 100 Posts
    Assuming New Zealand dollars are permitted, I have been using TransferWise for recent overseas payments. Very efficient and low fees. Made a payment to a business in New Zealand earlier tonight and the rate was decent too. I have no affiliation to the business, I just wanted to minimise fees from my bank.
  • agrinnall
    agrinnall Posts: 23,344 Forumite
    10,000 Posts Combo Breaker
    MrsWenger wrote: »
    Assuming New Zealand dollars are permitted...

    Your assumption is irrelevant as the OP wants the payment to be both sent and received in GBP.
  • MrsWenger
    MrsWenger Posts: 416 Forumite
    Part of the Furniture 100 Posts
    agrinnall wrote: »
    Your assumption is irrelevant as the OP wants the payment to be both sent and received in GBP.

    I understood that but I was following on from your post where you questioned the OP as to whether they had misunderstood the request to transfer in pounds... :)
  • agrinnall
    agrinnall Posts: 23,344 Forumite
    10,000 Posts Combo Breaker
    MrsWenger wrote: »
    I understood that but I was following on from your post where you questioned the OP as to whether they had misunderstood the request to transfer in pounds... :)

    Ah, OK, if you'd quoted me in your first post all would have been clear :D.
  • firefox1956
    firefox1956 Posts: 1,548 Forumite
    Bung £23 in an envelope & post it !!
This discussion has been closed.
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