Best way to transfer 4,000 Euros to UK?
- Lion
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Best way to transfer 4,000 Euros to UK?
Last time I did this I got proper stitched up by Unicaja, they charged me a % of the transaction and I ended up paying around 350 Euros commission
Rather than give them anymore money (they are take, take, take and charge commission just for breathing) has anyone got a suggestion?
I might just take the Euros back to UK and cash them in a bank/post office rather than let Unicaja do it.
Before someone suggests doing it through Halifax I don't hold an account with them, so any other suggestions?
Rather than give them anymore money (they are take, take, take and charge commission just for breathing) has anyone got a suggestion?
I might just take the Euros back to UK and cash them in a bank/post office rather than let Unicaja do it.
Before someone suggests doing it through Halifax I don't hold an account with them, so any other suggestions?
Re: Best way to transfer 4,000 Euros to UK?
I use my CAM account for money transfers as can see the amount of commission they want to charge before agreeing the transaction online.
Otherwise cash it when back in UK.
Otherwise cash it when back in UK.
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Do you not know anyone who needs euros in Spain who could pay you the sterling in the UK? This is advantageous to both side as no commissions or fees are involved but it does involve a high degree of mutual trust.
If you do decide to take the cash back you will be OK because you are well under the limit but DO NOT try to take more then €6.000 per person out of the country in cash.
If you do decide to take the cash back you will be OK because you are well under the limit but DO NOT try to take more then €6.000 per person out of the country in cash.
- spanish_lad
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why not open a paypal account, withdraw the money from your bank accout to either pay a friend in the uk or to even pay yourself (will that work?)
open a paypal account, pay me €4000 for a "car" (or something else, services, i dont know) , i´ll decline it, it will still be in your (paypal) account, and u can withdraw it to a uk (bank) account when you are back there ? i dont know if that would work but i think so.
tell the bank you want it, withdraw it, take it in cash ?
withdraw it, give it to me tomorrow or thursday, i´ll take it back on thursday and pay it into your english bank account ?
i reckon cash is the easiest? take euros and change it at the post office in the uk ?
open a paypal account, pay me €4000 for a "car" (or something else, services, i dont know) , i´ll decline it, it will still be in your (paypal) account, and u can withdraw it to a uk (bank) account when you are back there ? i dont know if that would work but i think so.
tell the bank you want it, withdraw it, take it in cash ?
withdraw it, give it to me tomorrow or thursday, i´ll take it back on thursday and pay it into your english bank account ?
i reckon cash is the easiest? take euros and change it at the post office in the uk ?
Alhaurin el Grande since 99, working at the airport since 2011.
- spanish_lad
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- Lion
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Shame I don't know anyone who wants to buy the Euros as that would have worked well.
I already have a Paypal account, but can't see how I can use it in this instance as Unicaja (robbing barstewards) would probably charge 1,000 Euros for transferring the money to it in the first place
I already have a Paypal account, but can't see how I can use it in this instance as Unicaja (robbing barstewards) would probably charge 1,000 Euros for transferring the money to it in the first place
Yep, I reckon I will take cash, The Post Office only do it commission free if you have bought it there in the first place though right?i reckon cash is the easiest? take euros and change it at the post office in the uk ?
- spanish_lad
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Annabell
The dont charge commission stuff does not mean anything,its all about the rate they give you as they can more than recoupe the commission with a not so good currency rate.A good rate for £ to € or vica versa should be say commercial rate 1.46 € to £ is if you get 1.44 or higher,the fee should be in comparison to what you are sending,a £15 fee for less than £500 is going to be worse than a £15 fee for £5000,you have to weigh up both fee and rate.
The dont charge commission stuff does not mean anything,its all about the rate they give you as they can more than recoupe the commission with a not so good currency rate.A good rate for £ to € or vica versa should be say commercial rate 1.46 € to £ is if you get 1.44 or higher,the fee should be in comparison to what you are sending,a £15 fee for less than £500 is going to be worse than a £15 fee for £5000,you have to weigh up both fee and rate.
I suppose you could open an account with Banca March here, pop in the money (don't transfer from Unicaja or you pay commission) and then send commission free to their office in London in sterling. Depends whether you are in easy reach at either end. It operates like Halifax but a bit easier to open accounts. Personally I would buy a bum bag as I agree with Marios that commissions are just hidden in disadvantageous exchange rates.
Re: Best way to transfer 4,000 Euros to UK?
Gosh that was day light robbery in my opinionLion wrote:Last time I did this I got proper stitched up by Unicaja, they charged me a % of the transaction and I ended up paying around 350 Euros commission
We use Barclay Bank here and are usually charged 35 Euros ish for Telegraphic transfer.
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I believe the easiest way to send money back to the UK is having a sterling account in Gibraltar. Pay in the Euros in to the account, they do the exchange and then send a cheque in sterling back to the UK from GIbraltar. Will get there the next day.
We opened accounts at Barclays and Natwest in Gib with spanish address no problem.
The only hassle is actually going to gib, and that bank statements will go from Gib to Uk then back to Spain as post does not cross the border.
Never go on Friday at the end of the month as it will be busy.
I use my spanish bank account only when I have to because I disagree with their commission and bank charges.
We opened accounts at Barclays and Natwest in Gib with spanish address no problem.
The only hassle is actually going to gib, and that bank statements will go from Gib to Uk then back to Spain as post does not cross the border.
Never go on Friday at the end of the month as it will be busy.
I use my spanish bank account only when I have to because I disagree with their commission and bank charges.
Peter, IMO, that sounds kind of hassle to me.
We have an account with Barclays in Jerez. All banking transactions and debits for monthly utilities are paid out from here.
We also have an account with Natwest in UK and our monthly statements are sent from UK to us in Spain.
We have an account with Barclays in Jerez. All banking transactions and debits for monthly utilities are paid out from here.
We also have an account with Natwest in UK and our monthly statements are sent from UK to us in Spain.
Friends multiply joy and divide sorrow
- Lion
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I have contacted my bank and they will charge 2% commission so still looking for an option, if I go through one of these finance companies I think Unicaja will still take a huge cut for transferring it to them.
I want to take the cash out of Unicaja and go that route, does anyone know what commission rate the Post Office charge in UK? (I know it's free but that's only if you have bought through them though).
I want to take the cash out of Unicaja and go that route, does anyone know what commission rate the Post Office charge in UK? (I know it's free but that's only if you have bought through them though).
If you go to Thomas Cook with that kind of money they will give you a reasonable rate (better than advertised) and not charge any commission (they're making loads in the spread anyway). Just go around several places and ask for their best rate. You may find that you can get a better rate at the exchange shops in Spain if you can find one with enough sterling.
The other option is to get a chequebook on your Unicaja account. Write a cheque to yourself and ask your UK bank to collect the funds and pay it into your account. It might take a couple of weeks and they will charge, but this might give you the best deal.
The other option is to get a chequebook on your Unicaja account. Write a cheque to yourself and ask your UK bank to collect the funds and pay it into your account. It might take a couple of weeks and they will charge, but this might give you the best deal.
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