British Banks Charging More to Transfer your Money Abroad

wanderer


Joined: 05/02/2009
Posts: 1653

Message Posted:
17/06/2009 10:39

Banks are increasing the costs of moving money abroad so if you move money from your UK account to your TRNC Bank charges are being increased

http://www.dailymail.co.uk/money/article-1193564/Banks-raise-cost-sending-money-abroad.html

Dusterbruce


Joined: 03/08/2007
Posts: 1125

Message Posted:
17/06/2009 11:01

Last time I transferred money my bank in UK charged £25 and the bank in TRNC charged 1%. That meant a cost of nearly £100 to transfer £7000.

tattlad


Joined: 13/12/2008
Posts: 479

Message Posted:
17/06/2009 11:28

You are legally allowed to take £10,000 out of the UK, so why not take it yourself.

the butler


Joined: 22/06/2007
Posts: 1958

Message Posted:
17/06/2009 11:48

Hi tattlad,



In 2006 I went through Stanstead Airport with £8000 in my bag. I had asked at the bank the previous day if this amount of money was ok to take out of the country and they said yes. When I was going through security, I was stopped searched and questioned about the money in my bag. I asked if they would do this in private, as I was aware there was a crowd staring and they were taking the money out of the brown envelope it was in. Fortunately I had the bank receipts on me and was able to prove that it had come out of a joint account. The money was to buy furniture for our new bungalow. I was made to feel like a criminal and it spoilt my holiday. My advice is to send it ahead to your bank account in TRNC. My bank charges £20.00 for doing this.



The butlers wife

viking


Joined: 09/10/2008
Posts: 36

Message Posted:
17/06/2009 14:26

the alliance and leicester do not charge for transfering money anywhere in the world



Viking