Sending money abroad

tony3619

Hello, 

So my partner is off to Tenerife, we both bank with the same bank and I was wondering that if I need to send them emergency funds for any reason while they are there and I'm sending it as £ could I do it as a standard transfer or is it an international transfer with fees etc? 

They were planning to exchange it to euros at the other end.

Cheers 

sausage_time

It depends on how long your partner will be away, and how much you are talking about.

For short term they could use UK based FX friendly debit cards or credits card to access funds and pay for things.

If this long term, they will likely need a local bank account.  Then you can look at options such as Wise. 
 

wmb194

tony3619 said:

Hello, 

So my partner is off to Tenerife, we both bank with the same bank and I was wondering that if I need to send them emergency funds for any reason while they are there and I'm sending it as £ could I do it as a standard transfer or is it an international transfer with fees etc? 

They were planning to exchange it to euros at the other end.

Cheers 

Where would you be sending the money? If it's to their sterling denominated UK account then it would be as normal and they'd incur the fees when they exchange the money.

pramsay13

You just do a standard transfer in £ as normal. 
They can then withdraw that money in € if needed. Just make sure the bank doesn't charge for foreign withdrawals and you are following advice such as debit money in local transaction so your bank does the exchange rather than the ATM. 

tony3619

wmb194 said:

tony3619 said:

Hello, 

So my partner is off to Tenerife, we both bank with the same bank and I was wondering that if I need to send them emergency funds for any reason while they are there and I'm sending it as £ could I do it as a standard transfer or is it an international transfer with fees etc? 

They were planning to exchange it to euros at the other end.

Cheers 

Where would you be sending the money? If it's to their sterling denominated UK account then it would be as normal and they'd incur the fees when they exchange the money.

It would be a standard transfer as if we were both here in the UK except they would be in Tenerife. 

They would then use revolut or something similar to exchange into euros 

wmb194

tony3619 said:

wmb194 said:

tony3619 said:

Hello, 

So my partner is off to Tenerife, we both bank with the same bank and I was wondering that if I need to send them emergency funds for any reason while they are there and I'm sending it as £ could I do it as a standard transfer or is it an international transfer with fees etc? 

They were planning to exchange it to euros at the other end.

Cheers 

Where would you be sending the money? If it's to their sterling denominated UK account then it would be as normal and they'd incur the fees when they exchange the money.

It would be a standard transfer as if we were both here in the UK except they would be in Tenerife. 

They would then use revolut or something similar to exchange into euros 

It doesn’t matter where they are, what matters is where the accounts are and their currencies. For you there would be no fees, for them there would be a fee if they convert the money.