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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Bank Charges on International Payments
earthwindfire
Posts: 21 Forumite
If I send money in sterling to a bank account in the Republic of Ireland, will I incur any bank charges from the Irish bank, or will the recipient incur the bank charges?
0
Comments
-
You won't be able to send it by Faster Payments or BACS. Even though Irish banks give sort codes (which don't overlap with UK sort codes), the system is completely separate.
A SEPA or SWIFT payment could be sent. This would incur your bank's fee for sending the payment, then the receipient would be charged whatever their bank charges for currency conversion/internaional payments.0 -
There are solutions to avoid the bank fees to send and also receive such a payment, and their adverse conversion rates. What exactly is your purpose?Evolution, not revolution0
-
Are you going to be sending sterling or Euros?
It makes a difference.0 -
Explain the nature of the transaction, including amount and currency.
That should help somebody give you a solution that saves you a few per cent.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.8K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.4K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards