British Expats

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-   -   Recommendations Moving Money (https://britishexpats.com/forum/moving-back-uk-61/recommendations-moving-money-954894/)

GC44 May 9th 2025 11:59 am

Recommendations Moving Money
 
We are moving back to the UK from Canada in July.
Would anyone be able to recommend a company they used to move money from our home sale?
Thanks

Loni May 9th 2025 8:30 pm

Re: Recommendations Moving Money
 
We moved from Ontario to the UK in January. Our. Bank in Canada was TD Canada Trust. We used them to transfer the proceeds from the sale of our home to our UK bank. Because of the large amount involved we got a much better rate than expected. Very happy! And easy bank to bank transfer. We did let our UK bank know that we would be transferring the funds before hand.
Also, make sure you transfer the funds before you leave Canada as you have to go into the bank to move the transfer. Some folks on here said they had to fly back in order to do it.
Maybe check with your bank about exchange rates/fees for large transfers. Rates change constantly but it should give you some basis for comparison.
Best wishes on your move.

GC44 May 9th 2025 11:36 pm

Re: Recommendations Moving Money
 

Originally Posted by Loni (Post 13310664)
We moved from Ontario to the UK in January. Our. Bank in Canada was TD Canada Trust. We used them to transfer the proceeds from the sale of our home to our UK bank. Because of the large amount involved we got a much better rate than expected. Very happy! And easy bank to bank transfer. We did let our UK bank know that we would be transferring the funds before hand.
Also, make sure you transfer the funds before you leave Canada as you have to go into the bank to move the transfer. Some folks on here said they had to fly back in order to do it.
Maybe check with your bank about exchange rates/fees for large transfers. Rates change constantly but it should give you some basis for comparison.
Best wishes on your move.

Well we weren’t expecting a reply naming a standard bank. Our account is with TD. Will have to pop in and have a chat with them.
Thank you

ckusa May 10th 2025 12:05 am

Re: Recommendations Moving Money
 
We just moved a chunk of money back to the UK from the US. We compared Wise, OFX and our local bank - and while our local bank was fractionally more expensive we went with them since it was a direct bank-bank transfer and done in under 1 day.


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