We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Transferring large sum in UK account with currency exchange

2»

Comments

  • colsten
    colsten Posts: 17,596 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    However foreign exchange brokers offer the best exchange rates and no fees. You simply need to learn a little before you use them.
    Yeah, and hope you have completed your learning before they vanished with your cash.
  • brianposter
    brianposter Posts: 1,690 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    colsten wrote: »
    Yeah, and hope you have completed your learning before they vanished with your cash.
    There is not the slightest reason to suppose that using a foreign exchange broker is more risky than using a money transfer agent. Both involve more risk than using a conventional bank, and someone who has learnt a little might at least understand the risks.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 355.1K Banking & Borrowing
  • 254.6K Reduce Debt & Boost Income
  • 455.8K Spending & Discounts
  • 247.9K Work, Benefits & Business
  • 605K Mortgages, Homes & Bills
  • 178.8K Life & Family
  • 262.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.