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Moving from Ireland to England - Money?

  • 21-01-2008 2:45pm
    #1
    TomPich
    Registered Users, Registered Users 2 Posts: 220 ✭✭


    Hey,

    I've been living in Dublin since July 07 on a student placement.

    I'm going to be moving back to England in August and would like to know the best way to transfer the money i have saved. It will prob be around 3,000euros and i'm with permanent tsb. Shall i get them to transfer it over?

    Will i be losing alot this way? are there alternative methods?

    Any advice would be welcome.

    Thanks

    Tom


Comments

  • #2
    BuffyBot
    Registered Users, Registered Users 2 Posts: 24,924 ✭✭✭✭BuffyBot


    You'll be able to get them to do a transfer to your UK account once you have the BIC and IBAN for it (see your UK bank statement). The charge for a standard transfer should be minimal.

    The exhange rate will be your biggest issue.


  • #3
    TomPich
    Registered Users, Registered Users 2 Posts: 220 ✭✭TomPich


    Why would it be my biggest issue?

    Isnt the pound decent against the euro at the moment no? I know a number of people who are getting alot more pound for the euro so far this year.


  • #4
    BuffyBot
    Registered Users, Registered Users 2 Posts: 24,924 ✭✭✭✭BuffyBot


    Between now and August, however, anything could happen :)


  • #5
    TomPich
    Registered Users, Registered Users 2 Posts: 220 ✭✭TomPich


    Hey buffy,

    I have about 1,000 saved, would you reccommend transfering that to my english bank now? or waiting?

    Regards

    Tom


  • #6
    derek27
    Closed Accounts Posts: 489 ✭✭derek27


    TomPich wrote: »
    Why would it be my biggest issue?

    Isnt the pound decent against the euro at the moment no? I know a number of people who are getting alot more pound for the euro so far this year.
    the euro has been getting between 0.68 and 0.74 p STG over the last few months


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  • #7
    pow wow
    Closed Accounts Posts: 5,288 ✭✭✭pow wow


    Now is as good a time as any to move it, even with the good rate and potential fluctuations you're not talking millions so you won't really notice the difference. As your bank will probably charge for each transfer you could just wait until you're ready to send the lot over.


  • #8
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    TomPich wrote: »
    Hey buffy,

    I have about 1,000 saved, would you reccommend transfering that to my english bank now? or waiting?

    Regards

    Tom

    I wouldn't leave yourself short. If you are 100% sure that you won't need it, I would transfer it across. Otherwise stick it in a savings account and keep an eye on the exchange rate.


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