Sending money to the UK
Hi
We are moving to Abu dhabi and want to know if it is possible to send money to the UK monthly to cover some costs without taxes etc. Whats the best way of doing this, which companies etc help would be much appreciated |
Re: Sending money to the UK
Originally Posted by Sara_N
(Post 12534148)
Hi
We are moving to Abu dhabi and want to know if it is possible to send money to the UK monthly to cover some costs without taxes etc. Whats the best way of doing this, which companies etc help would be much appreciated |
Re: Sending money to the UK
As per above, HSBC are excellent with on line banking when done via International Transfers. They charge 150 AED per transaction and convert to GBP easily as an "on the spot transaction". From experience, if you get your transaction complete by 10am UAE time it hits the UK bank in GBP in the afternoon (Mon-Thurs). Only draw back is that for this to happen the receiving bank must be listed in the HSBC UAE database which you set up beforehand as the receiving bank. Failing this UAE Exchange provide a service but they are a separate entity to HSBC.
|
Re: Sending money to the UK
You guys are throwing money away if using HSBC online transfers. The small fee isn’t where you lose the money. It’ll be the god awful rates they provide. Go to a proper broker or uae exchange. Might be a bit slower but could be 10pct different in rates. As for tax... sending money has no correlation to your UK tax liability. Get proper tax advice. |
Re: Sending money to the UK
I use UAE exchange just for the fact their rate is better than banks and transfer fee is AED 50.
Depending on the amount you're willing to transfer, you can even negotiate a better rate than displayed by speaking to the branch manager. |
Re: Sending money to the UK
Originally Posted by Taz786
(Post 12535494)
I use UAE exchange just for the fact their rate is better than banks and transfer fee is AED 50.
Depending on the amount you're willing to transfer, you can even negotiate a better rate than displayed by speaking to the branch manager. |
Re: Sending money to the UK
MoneyCorp (who I have used for years), MoneyMover (who I have not yet used, but recently created an account with). Both have a few set-up hurdles (identity, addresses etc) but after that are dead easy, can do from your computer, and usually comfortably beat the banks on rates.
|
Re: Sending money to the UK
After much research I found UAE Exchange is best in terms of ease (now online possible) and exchange rates. They charge 45 AED per transaction plus £15 in the U.K. bank (my account is in HSBC). |
Re: Sending money to the UK
So you save 45 Dirhams.
|
Re: Sending money to the UK
Originally Posted by scot47
(Post 12546837)
So you save 45 Dirhams.
N. |
Re: Sending money to the UK
Don't use the banks as their rates are rip off. I withdraw my dirhams in cash then go with UAE Exchange.
|
Re: Sending money to the UK
Originally Posted by Standanista
(Post 12551299)
Don't use the banks as their rates are rip off. I withdraw my dirhams in cash then go with UAE Exchange.
|
Re: Sending money to the UK
Tou can be caught with a tax liability if you are only out of the Uk foir a short period. Get advice.
|
Re: Sending money to the UK
Guys, what is your experience with HSBC Global View Transfers?
(only available to Premier and Advance customers) They advertise them as instant and with 0 fees. How are HSBC exchange rates for Premier custormers with Global View (for transfer between their HSBC Premier accounts in two countries: UK & UAE)? |
Re: Sending money to the UK
Originally Posted by ariskar
(Post 12737349)
Guys, what is your experience with HSBC Global View Transfers?
(only available to Premier and Advance customers) They advertise them as instant and with 0 fees. How are HSBC exchange rates for Premier custormers with Global View (for transfer between their HSBC Premier accounts in two countries: UK & UAE)? |
All times are GMT. The time now is 6:37 am. |
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.