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Transferring large sum in UK account with currency exchange

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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: 1,664 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.
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