We are buying a property abroad. I need to make a first payment of x amount of euros to a foreign bank account..... How do I go about this and best rates etc etc
2006-08-06 07:54:53 · 5 answers · asked by RobStar 2 in Travel ➔ Other - Destinations
ps ---- I bank with HSBC in the UK
2006-08-06 07:55:23 · update #1
I've used HSBC before and they were not good.
You have two choices.
Buy your Euro and TT them to your foreign bank account, or send sterling and let them convert it at the far end.
I currently use a company called HIFX (www.hifx.co.uk). I send them the sterling, and they then send it on in Euro. They are always better than the HSBC rate, and as they have a real time display on their site you can get an indication of the prevailing rate. (You dont get that rate, but they will tell you what margin to work on)
2006-08-06 08:02:43 · answer #1 · answered by 'Dr Greene' 7 · 0⤊ 0⤋
Firstly, do you have your own bank account to transfer to?
To make a transfer you will need to obtain certain details, IBAN, BIC account number, account holders name and sometimes the banks address and telephone number. Your own bank will set the rate for charging the transfer though, and they will ask you if you wish to make the transfer in £'s or €'s so check out both exchange rates, its is usually better to transfer in £'s and the receiving bank will complete the conversion. You will also need to be aware of the money laundering rules for the country you are transferring to, the property agent or your lawyer should be able to advise you in this one
2006-08-06 08:00:20 · answer #2 · answered by SunnyDays 5 · 0⤊ 0⤋
You can use an electronic transfer such as Lloyd's 'money mover'. The transfer costs £20 for up to £10,000 and the money is exchanged at spot rate which makes it very economical.
2006-08-06 08:00:16 · answer #3 · answered by Anonymous · 0⤊ 0⤋
they are all pretend. i do not comprehend if u had watched the recent episode of Drake and Josh. In the position they were robbed by ability of a few those who instructed that that they had gained the competition and receives a sparkling search for his or her the lounge. It changed into pretend. They instructed drake and josh to save the most important lower than the front mat as a way to open the door. and so that they instructed d&j to go out from 11-5 with their mom and pa. If u have watched it i imagine u had discovered a lesson.
2016-11-23 13:04:55 · answer #4 · answered by ? 4 · 0⤊ 0⤋
good choice, they will transfer to any other HSBC account in the world for free..
2006-08-06 07:57:25 · answer #5 · answered by Anonymous · 0⤊ 0⤋