Best/Safest way to send money from the Sale of French Property back to the UK

PlanningfortheFuture_2
PlanningfortheFuture_2 Posts: 5 Forumite
Ninth Anniversary Combo Breaker
edited 8 June 2023 at 9:26AM in Budgeting & bank accounts
I've recently reached retirement after working and living in France the past 13 years. Just going through with the sale of my apartment before relocating back to the UK... I've seen the value of my life saving being reduced daily over the last 4 weeks due to a strengthening pound. Soon I'll have to transfer the money from the sale back to the UK. I've read transferring between Banks can be very expensive losing thousands, and that Money Transfer Companies are the way to go. But worried sick about transferring by a third party. Could anyone recommend the best way/company to transfer? Any help will be much appreciated.

Comments

  • anselld
    anselld Posts: 8,570 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Wise (Formerly TransferWise) seems to be the most well established and respected one.
    You would first need a UK bank account.
  • knightstyle
    knightstyle Posts: 7,176 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    We came back a few years ago after 17 years in   France and used Currencies direct, we split the total into several £50k lots as unlike banks these companies can fail. 
    See https://moneytransfercomparison.com/transfer-money-from-france-to-uk/
  • BungalowBel
    BungalowBel Posts: 331 Forumite
    100 Posts Second Anniversary Name Dropper
    Our solicitor in Spain sent the money direct from his Client Account to our  English bank account.  I don't know however whether this was the best way.  Exchange rates were almost  at parity at the time (spring 2012).
  • LHW99
    LHW99 Posts: 5,109 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I have used Caxton FX to send money from the UK to other bank accounts in the EU, and found them reliable and reasonable on exchange rates. Not sure if they work the other way though
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