What is the best way to transfer money from Germany into UK Bank Account?
I am moving to Germany (am British), and wonder what is the best (cheapest?) way to transfer money from a bank account in Germany to a UK bank account on a monthly basis. I think a SWIFT payment would cost £25 each month which is a lot!
Any thoughts or information greatly appreciated.
[email removed]09 jul 2005, 06:02 Anonymous
... I think you end up with very little commissionAnonymous 11 jul 2005, 01:15 - Denunciar
I work with a lot of Germans in England. Aparantly a law was passed in Germany a while ago telling banks that they are not allowed to charge more for an internation xfer than they do a domestic.
Since, they have to do free domestic xfers or all there natural customers would leave, international ones are also free!
I would recommend you get your account upgraded to a multi-currency account to handle Euro's as well. This way you will not get your money exchanged automaticaly and you can sit on your euro's in your account until YOU are happy with the exchange rate.Anonymous 05 ago 2005, 05:05 - Denunciar
...this could be a solution:
-Wolfgang-Anonymous 29 dic 2005, 04:01 - Denunciar
If you're transferring over £5,000 use www.hifx.co.uk, they give good rates and its fast (you'll save about 5% on your banks rate). I did it last week, very good service.David 31 ene 2008, 12:32 - Denunciar