Transferring £30K to Canada
Hi all,
I was hoping somebody would be able to advise me on a money transfer I will be looking to complete soon. I have an savings account that I am looking to close with my bank in the UK and will be looking to transfer around £30K to my Canadian bank account. Would it be possible to cash out the ISA I have and write a cheque from my UK bank (Halifax) and deposit in my Scotiabank account? I presume there will be some charges from Scotiabank in this case. If there are any other suggestions on how to move the monies over to Canada without too much loss would be much appreciated. Cheers |
Re: Transferring £30K to Canada
Originally Posted by Mircha
(Post 12466917)
Hi all,
I was hoping somebody would be able to advise me on a money transfer I will be looking to complete soon. I have an savings account that I am looking to close with my bank in the UK and will be looking to transfer around £30K to my Canadian bank account. Would it be possible to cash out the ISA I have and write a cheque from my UK bank (Halifax) and deposit in my Scotiabank account? I presume there will be some charges from Scotiabank in this case. If there are any other suggestions on how to move the monies over to Canada without too much loss would be much appreciated. Cheers Once registered you then transfer the GBP30K to TransferWise and they will deposit CDN$ into your Scotia Bank account at the rate and fee you accept at the time you wish to transfer/exchange. It is all written step by step on their website. |
Re: Transferring £30K to Canada
We’ve used Transferwise a number of times - we usually check the bottomline and they work out the best.
|
Re: Transferring £30K to Canada
<snip>
If you use the link, your first transfer will be FREE for a transfer up to £500 It is very easy to set up as long as you have your UK and Canadian Bank details. I would transfer a small amount on your first transaction to ensure you have everything configured correctly. Transferwise costs are 0.45% + 80p for amounts over £3000 £30k will get you $54,768.78 at the current exchange rate $1.83389 |
Re: Transferring £30K to Canada
Originally Posted by Mircha
(Post 12466917)
Hi all,
I was hoping somebody would be able to advise me on a money transfer I will be looking to complete soon. I have an savings account that I am looking to close with my bank in the UK and will be looking to transfer around £30K to my Canadian bank account. Would it be possible to cash out the ISA I have and write a cheque from my UK bank (Halifax) and deposit in my Scotiabank account? I presume there will be some charges from Scotiabank in this case. If there are any other suggestions on how to move the monies over to Canada without too much loss would be much appreciated. Cheers |
Re: Transferring £30K to Canada
Originally Posted by Davita
(Post 12466931)
... TransferWise...a UK forex company owned partly by Richard Bransom....
Or just use the bits he doesn't own. :rofl: |
Re: Transferring £30K to Canada
We had a UK HSBC account and a Canadian HSBC account. We transferred between them. Because of the kind of acccount we had in Canada, we didn't pay fees.
|
Re: Transferring £30K to Canada
Originally Posted by Allie73
(Post 12468488)
We had a UK HSBC account and a Canadian HSBC account. We transferred between them. Because of the kind of acccount we had in Canada, we didn't pay fees.
The NET amount received is the criteria to work on for comparison. |
Re: Transferring £30K to Canada
Originally Posted by BristolUK
(Post 12467092)
Is it? Good heavens. I might have to change to someone different for mine then. :lol:
Or just use the bits he doesn't own. :rofl: |
Re: Transferring £30K to Canada
Originally Posted by Mircha
(Post 12466917)
Hi all,
I was hoping somebody would be able to advise me on a money transfer I will be looking to complete soon. I have an savings account that I am looking to close with my bank in the UK and will be looking to transfer around £30K to my Canadian bank account. Would it be possible to cash out the ISA I have and write a cheque from my UK bank (Halifax) and deposit in my Scotiabank account? I presume there will be some charges from Scotiabank in this case. If there are any other suggestions on how to move the monies over to Canada without too much loss would be much appreciated. Cheers I got the Scotia exchange rate, which was OK, and Barclays hit me for £30 in fees. Apart from that it was bloody easy. A lot depends on how much clout you have with your bank. |
Re: Transferring £30K to Canada
Originally Posted by Souvy
(Post 12468578)
Try talking to your banking officer at Scotia (my bank). I did transfer like that last month. I simply wrote a Barclays cheque to myself (£10k) and the officer paid it into my account. The transfer did take a while though.
I got the Scotia exchange rate, which was OK, and Barclays hit me for £30 in fees. Apart from that it was bloody easy. A lot depends on how much clout you have with your bank. <snip> £1000 gets you $1,809.64 with Transferwise. This includes the fee of £5.28 which is a lot cheaper than £30 with Barclays FYI, Llloyds, RBS and Natwest will give you $1741 for the same £1000. A no brainer !!!! |
Re: Transferring £30K to Canada
Originally Posted by glendem4
(Post 12466991)
<snip>
If you use the link, your first transfer will be FREE for a transfer up to £500 It is very easy to set up as long as you have your UK and Canadian Bank details. I would transfer a small amount on your first transaction to ensure you have everything configured correctly. Transferwise costs are 0.45% + 80p for amounts over £3000 £30k will get you $54,768.78 at the current exchange rate $1.83389 |
Re: Transferring £30K to Canada
Originally Posted by Davita
(Post 12468501)
I talked to Richard last week about your concerns...he said "who?'.... then poured me a glass of champagne.....:nod:
|
Re: Transferring £30K to Canada
Originally Posted by BristolUK
(Post 12468865)
He knew who I was when I used to go to that small Virgin record shop by Bristol Bus Station on Saturday mornings in the 70s. :lol:
My wife, an avid facebook user, is pissed that Zuckerberg didn't send her a birthday wish...:thumbdown: |
All times are GMT. The time now is 8:28 pm. |
Powered by vBulletin: ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.