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Best way to export money?

  • 23-02-2011 1:12pm
    #1
    Registered Users, Registered Users 2 Posts: 6,951 ✭✭✭


    I'm moving to Jersey in the next few weeks and want to figure out the best way of brining whatever money I have in my Irish account to my new Jersey account without taking too much of a hit from the banks. Is there any way around the banks getting their hands on a percentage of the exchange?


Comments

  • Registered Users, Registered Users 2 Posts: 2,921 ✭✭✭silja


    Depending on the amount and your bank, you may not need to move it at all- many Uk ATMs will accept Irish ATM cards, or keep your irish creidt card and pay with that for things.

    If you want/ need to move the money, talk to your bank here and the bank in Jersey you are opening an account with; they can be surprisingly accomodating if you are moving large amounts of money. Keep an eye out for the exchange rate and move the money when it is most advantageous.


  • Registered Users, Registered Users 2 Posts: 9,208 ✭✭✭keithclancy


    Jersey are supposed to join SEPA soon:
    https://www.barclayswealth.com/public/en-gb/help/individual/sEPADetails.htm

    I can transfer upto 10,000 euros from my Dutch Bank account to my Irish account with no fees what so ever.

    A SEPA Tranfer should never cost you most than what it would cost for a local transfer.

    Just ask the bank :)

    Keep your Irish Credit card and just change the address to your Jersey address, theres not a problem on that front. (Tell the bank your going there for a while ;)


  • Registered Users, Registered Users 2 Posts: 243 ✭✭Ouchette


    Xe.com are handy for that kind of thing. Bit of a faff with the registration and paperwork when I used them before, but better rates than I could get from the bank.


  • Registered Users, Registered Users 2 Posts: 6,951 ✭✭✭SuprSi


    Thanks all for the responses, very useful info so I'll do a bit more digging. Cheers!


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