Monthly money transfer to Portugal.

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Oct 4th 2012, 12:47 pm

#16

bejaboz

BE Enthusiast

Joined: Mar 2007

Location: Currently in Somerset

Posts: 545

Re: Monthly money transfer to Portugal.

Quote:

Originally Posted by Ukkram

Getting confused now. Perhaps it is better to transfer my money into my SA Credit Card monthly and then use it as I need. That way I will get good interest on my debit. Around 4.5% PA.

Only prob are these withdrawals and keeping up with PT tax. Gets complicated when one transfers on demand.

I'm still inclined to believe you should contact a well established global currency exchange company and seek their advice. You said your pension was transferred into a SA account, but didn't say where from and in what currency, but the least moves between currencies the better.

If the money is to be a monthly transaction, it should be feasible for a reliable company to set up a regular transfer between your SA account and one in PT which you can monitor online.