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Transferring money between UK and Canada

Transferring money between UK and Canada

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Old Dec 8th 2018, 7:07 pm
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Default Transferring money between UK and Canada

i'd appreciate some guidance from those with experience/knowledge on this.
To fund a potential house purchase, we would need to transfer a fairly sizeable amount of money from the UK to Canada. The amount would be c.$300k CAD.
Is it best just to do it bank to bank, or are there smarter ways/cheaper ways?
Thanks in advance.
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Old Dec 8th 2018, 7:09 pm
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Default Re: Transferring money between UK and Canada

Transferwise or similar offers better rates than banks - my advice would be to check out with a smaller amount first
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Old Dec 8th 2018, 9:02 pm
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Default Re: Transferring money between UK and Canada

Originally Posted by ldsau93 View Post
i'd appreciate some guidance from those with experience/knowledge on this.
To fund a potential house purchase, we would need to transfer a fairly sizeable amount of money from the UK to Canada. The amount would be c.$300k CAD.
Is it best just to do it bank to bank, or are there smarter ways/cheaper ways?
Thanks in advance.
Loads of existing thread on TransferWise (one very recent), just do a search on this forum for TransferWise.

I used them for moving money around the amount you are talking also for house purchase in Canada.
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Old Dec 10th 2018, 6:19 pm
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Default Re: Transferring money between UK and Canada

Originally Posted by ldsau93 View Post
i'd appreciate some guidance from those with experience/knowledge on this.
To fund a potential house purchase, we would need to transfer a fairly sizeable amount of money from the UK to Canada. The amount would be c.$300k CAD.
Is it best just to do it bank to bank, or are there smarter ways/cheaper ways?
Thanks in advance.
Can only advise to shop around in the UK. TransferWise will work but at that size the fee might be higher than other agents so I'd shop around.
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Old Dec 10th 2018, 7:52 pm
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Default Re: Transferring money between UK and Canada

Originally Posted by ldsau93 View Post
i'd appreciate some guidance from those with experience/knowledge on this.
To fund a potential house purchase, we would need to transfer a fairly sizeable amount of money from the UK to Canada. The amount would be c.$300k CAD.
Is it best just to do it bank to bank, or are there smarter ways/cheaper ways?
Thanks in advance.
I transferred my house sale proceeds (UK to USA) using TorFx who gave the best deal I could find at the time I was doing it.
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Old Yesterday, 3:27 pm
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Default Re: Transferring money between UK and Canada

we used Moneycorp and they were really good and we got a slightly higher exchange rate - we also transferred a very large amount and then used them again for a few additional transfers..
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