Transferring money from the UK to Ireland

seanny

What is the best way to arrange transferring a large sum of money from UK banks to Ireland?

Are there charges, taxes or so on?

The money is an inheritance.

Ayr_Rage

What is LARGE?

To me that's over £100,000, for others it could be millions.

No taxes on the transfer itself.

Yes, there will be fees, it depends on who you use.

You can use a UK bank, broker or a money transfer service such as WISE and you'll have to do your homework as to which gives the best bang for your buck for the sum involved.

seanny

Roughly £250000

Ayr_Rage

Some ideas as at 1719 today

As you can see, some charge fees with a good rate, others no fee and a worse rate

retiredbanker1

If I was an executor I would send £sterling and let the beneficiary worry about exchange rates.
If rates is important to the recipient then they can arrange a forward exchange contract with their financial institution .The most you will pay with a bank is £50 or so.