Moving saving to a UK bank

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This topic contains 14 replies, has 5 voices, and was last updated by Profile photo of Mexberry Mexberry 5 years, 1 month ago.

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  • #56373
    Profile photo of yassen
    yassen
    Participant

    I am back in the UK and feel that the savings (in €) that I have in Santander, with all the problem in the financial market, will soon disappear. So my plan is to move them to my account in the UK.

    I spoke to someone in my branch and was told that this will incur a charge of 0.68% plus a 15€ for swift, which I think is a bit expensive.

    Has anyone used any online currency exchange dealer, and what is the best way to transfer the money without incurring all these charges.

    Many thanks in advance

  • #106055
    Profile photo of Anonymous
    Anonymous
    Participant

    HIFX or Baydonhill. Please note that they are not covered by any deposit protection. If I was you I would use the two and divide your risk.

    Good Luck

  • #105855
    Profile photo of Anonymous
    Anonymous
    Participant

    HIFX or Baydonhill. Please note that they are not covered by any deposit protection. If I was you I would use the two and divide your risk.

    Good Luck

  • #106056
    Profile photo of yassen
    yassen
    Participant

    Thanks shakeel for your reply .

    I did contact both of them this morning. The only remaining problem is to get Santander not to charge me for the transfer or at least not as much as they have quoted me.

  • #105856
    Profile photo of yassen
    yassen
    Participant

    Thanks shakeel for your reply .

    I did contact both of them this morning. The only remaining problem is to get Santander not to charge me for the transfer or at least not as much as they have quoted me.

  • #106161
    Profile photo of Anonymous
    Anonymous
    Participant

    Hello

    I use HSBC to move funds from US to Santander. HSBC does not charge me anything , I have a premier account and They never charge me anything.

  • #105961
    Profile photo of Anonymous
    Anonymous
    Participant

    Hello

    I use HSBC to move funds from US to Santander. HSBC does not charge me anything , I have a premier account and They never charge me anything.

  • #106163
    Profile photo of yassen
    yassen
    Participant

    bentdavi,

    Did you say move money from US to santander with HSBC? How about from Santander Spain to HSBC UK?

    I find it hard to beleive that HSBC will transfer my money from Santander Spain to the UK free of charge! How about the exchange rate?

    I will find out from tomorrow and let you know.

    Regards

    Yassen

  • #105963
    Profile photo of yassen
    yassen
    Participant

    bentdavi,

    Did you say move money from US to santander with HSBC? How about from Santander Spain to HSBC UK?

    I find it hard to beleive that HSBC will transfer my money from Santander Spain to the UK free of charge! How about the exchange rate?

    I will find out from tomorrow and let you know.

    Regards

    Yassen

  • #106164
    Profile photo of Anonymous
    Anonymous
    Participant

    Hello

    I only tried one direction. US to SP

    However , I had no charge when I moved euros from Santander to HSBC France

    David

  • #105964
    Profile photo of Anonymous
    Anonymous
    Participant

    Hello

    I only tried one direction. US to SP

    However , I had no charge when I moved euros from Santander to HSBC France

    David

  • #106169
    Profile photo of Anonymous
    Anonymous
    Participant

    I’m moving my personal business to TorFX. If you want more info click the banner at the top 😉

    Give them a call. They might be able to help.

  • #105969
    Profile photo of Anonymous
    Anonymous
    Participant

    I’m moving my personal business to TorFX. If you want more info click the banner at the top 😉

    Give them a call. They might be able to help.

  • #106170
    Profile photo of Mexberry
    Mexberry
    Participant

    I have used currency exchange houses in Canada and Mexico, not in Europe. However the process will be similar.
    In my case the exchange rate was better and their fees less expensive than a bank. Personally I would be wary of an online operation, unless it was part of a larger operation that you are familiar with.The name of the Canadian company, which I believe has branches in the UK is called Custom House Exchange, or how about Western Union?
    Mexberry.

  • #105970
    Profile photo of Mexberry
    Mexberry
    Participant

    I have used currency exchange houses in Canada and Mexico, not in Europe. However the process will be similar.
    In my case the exchange rate was better and their fees less expensive than a bank. Personally I would be wary of an online operation, unless it was part of a larger operation that you are familiar with.The name of the Canadian company, which I believe has branches in the UK is called Custom House Exchange, or how about Western Union?
    Mexberry.

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