International Money Transfer

AndyE1967

Hello, I am a UK citizen, living in the UK, but my late Mother was Italian, and I am the beneficiary of her account in Italy, how do I go about transferring money to my UK account? I have read the article on MSE to do with sending money abroad, but this is the reverse. Is there a limit to how much I can send? How do I minimize fees? No experience of this at all

J_B

We use https://www.currencyfair.com to transfer Sterling to our Euro account in Cyprus.

They send money in both directions if required.

Simple fee of £/€ 3 and decent exchange rates.

dj1471

Most of the companies listed in the MSE article are available to customers in other EU countries. Consider at least Transferwise (and their Borderless Account), Revolut & Azimo. Which is best will depend on how much you have to transfer, shop around and make sure you're comparing on the amount to be received after all fees.

Preedyboi

I would recommend checking Martin Lewis' impartial Travelmoneymax buyback Section to see which firms offer the best rates. Then contact them to see if you can electronically transfer the Euros to them (top listed Thomas Exchange UK offers this service).