What's the cheapest way to send money back to the UK?
Jan 9th 2009, 6:15 am
#1
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Thread Starter
Joined: Jul 2008
Posts: 34
What's the cheapest way to send money back to the UK?
Title says it all really...can anyone advise or point me to a previous thread?
Thanks!
Thanks!
Jan 9th 2009, 8:01 am
#2
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Joined: Nov 2007
Location: Playa Flamenca, Orihuela Costa
Posts: 542
Jan 9th 2009, 9:53 am
#3
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Joined: Apr 2008
Posts: 3,081
Re: What's the cheapest way to send money back to the UK?
[QUOTE=intheknow;7144133]Title says it all really...can anyone advise or point me to a previous thread?
The best way is to open an account with a dealer such as HIFX. You can do internet transfrer to thier holding bank and then forward the recipient information free.
When transferring money abroad, it is not the hadling fee that makes a deal good or not, it is the interest rate that they give you. I transferred 3500uros to uk pounds with HIFX but if I had used thenCAM BANK have cost me about 260 euros more to do the same deal.
So I did the inital transfer from cam via internet, to HIFX account which is free as I have internet banking. The money is then changed to pounds or whatever, according to the rate agreed over the phone. You can ring as many times as you like to ask what the rate is and when you are happy with the rate do the deal. Check on internet before you ring to see if the rate is in your favour. The rate can vary enormously during every day. Take advantage of this and you are quids in.
The best way is to open an account with a dealer such as HIFX. You can do internet transfrer to thier holding bank and then forward the recipient information free.
When transferring money abroad, it is not the hadling fee that makes a deal good or not, it is the interest rate that they give you. I transferred 3500uros to uk pounds with HIFX but if I had used thenCAM BANK have cost me about 260 euros more to do the same deal.
So I did the inital transfer from cam via internet, to HIFX account which is free as I have internet banking. The money is then changed to pounds or whatever, according to the rate agreed over the phone. You can ring as many times as you like to ask what the rate is and when you are happy with the rate do the deal. Check on internet before you ring to see if the rate is in your favour. The rate can vary enormously during every day. Take advantage of this and you are quids in.
Jan 9th 2009, 1:24 pm
#4
Forum Regular
Joined: Sep 2008
Location: Sayalonga
Posts: 256
Re: What's the cheapest way to send money back to the UK?
[QUOTE=me me;7144515]
We have used a similar service from XE.com for quite a few yrars now to make regular payment to Frances' US suppliers. And more lately to send money to our Spanish account. In fact we used the to transfer the balance of our casita purchase a couple of years ago. Not had one transfer hiccup yet.
Title says it all really...can anyone advise or point me to a previous thread?
The best way is to open an account with a dealer such as HIFX. You can do internet transfrer to thier holding bank and then forward the recipient information free.
When transferring money abroad, it is not the hadling fee that makes a deal good or not, it is the interest rate that they give you. I transferred 3500uros to uk pounds with HIFX but if I had used thenCAM BANK have cost me about 260 euros more to do the same deal.
So I did the inital transfer from cam via internet, to HIFX account which is free as I have internet banking. The money is then changed to pounds or whatever, according to the rate agreed over the phone. You can ring as many times as you like to ask what the rate is and when you are happy with the rate do the deal. Check on internet before you ring to see if the rate is in your favour. The rate can vary enormously during every day. Take advantage of this and you are quids in.
The best way is to open an account with a dealer such as HIFX. You can do internet transfrer to thier holding bank and then forward the recipient information free.
When transferring money abroad, it is not the hadling fee that makes a deal good or not, it is the interest rate that they give you. I transferred 3500uros to uk pounds with HIFX but if I had used thenCAM BANK have cost me about 260 euros more to do the same deal.
So I did the inital transfer from cam via internet, to HIFX account which is free as I have internet banking. The money is then changed to pounds or whatever, according to the rate agreed over the phone. You can ring as many times as you like to ask what the rate is and when you are happy with the rate do the deal. Check on internet before you ring to see if the rate is in your favour. The rate can vary enormously during every day. Take advantage of this and you are quids in.
We have used a similar service from XE.com for quite a few yrars now to make regular payment to Frances' US suppliers. And more lately to send money to our Spanish account. In fact we used the to transfer the balance of our casita purchase a couple of years ago. Not had one transfer hiccup yet.
