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Cheapest way to transfer to English account

  • 09-01-2015 10:09am
    #1
    sin0city
    Closed Accounts Posts: 698 ✭✭✭


    I need to transfer about £5,000 into a UK account.
    Should I just go to the bank with the best rate or is there a cheaper way to do it?

    Also, I need to transfer a few hundred pound into an Australian account.
    So it'll be my euro to a pound value. How many Australian dollars is irrelevant.
    Again, best way to do it?

    Thanks in advance.


Comments

  • #2
    gustafo
    Registered Users, Registered Users 2 Posts: 1,759 ✭✭✭gustafo


    https://www.currencyfair.com/ or https://transferwise.com/ is the way to go, a lot better exchange rate than what the banks will give you


  • #3
    The Nutty M
    Registered Users, Registered Users 2 Posts: 931 ✭✭✭The Nutty M


    gustafo wrote: »
    https://www.currencyfair.com/ or https://transferwise.com/ is the way to go, a lot better exchange rate than what the banks will give you

    I'll +1 transferwise, tried it last week for the first time and worked seemlessly. Transferred gbp to euro and saved myself over €450 compared to an international transfer via my bank.


  • #4
    sin0city
    Closed Accounts Posts: 698 ✭✭✭sin0city


    Great stuff, I'll check it out.


  • #5
    sin0city
    Closed Accounts Posts: 698 ✭✭✭sin0city


    Thanks again for the transferwise recommendation. I used it the other day to transfer a few hundred pounds and saved about €25 compared to the banks. It's also quicked than the banks, only took about two days and you get an e-mail to confirm it's in the account.

    Great service.


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