Moving money abroad?

teeb

What's the cheapest way of moving money abroad? The problem is I am moving to France on Tuesday, and I don't have a French bank account set up yet.

So I'm wondering which is cheaper : using the travel money tool, and taking £1000 of € with me, and then depositing it, or waiting until I have set up an account and then doing a bank to bank transfer. I think my bank (RBS) said they charge £10 for international slow bank-to-bank transfers. Or is there a third option?

Sorry if this isn't in the right place.

Nordictat2

This should point you in the right direction

http://www.thisismoney.co.uk/help-and-advice/advice-banks/article.html?in_advicepage_id=102&in_article_id=396133&in_page_id=90

http://www.metro.co.uk/help-and-advice/advice-banks/article.html?in_advicepage_id=117&in_article_id=42911&in_page_id=90

dzug

teeb wrote: »

What's the cheapest way of moving money abroad? The problem is I am moving to France on Tuesday, and I don't have a French bank account set up yet.

So I'm wondering which is cheaper : using the travel money tool, and taking £1000 of € with me, and then depositing it, or waiting until I have set up an account and then doing a bank to bank transfer. I think my bank (RBS) said they charge £10 for international slow bank-to-bank transfers. Or is there a third option?

Sorry if this isn't in the right place.

Well taking the euros in cash with you is going (for £1000) to cost you anything between £25 and £50 in exchange rate loading.

That makes £10 for a transfer at the interbank rate look cheap even if slow.

There are specialist firms but you would be needing well over £1000 for them to be worthwhile. If you are transferring large sums to buy a house they are the place to go.