Money transfers

French Finance

Money transfers

Quarmby 21/05/2008, 18:13
I shall soon have to bring across a large sterling sum to finance a house purchase, and I notice that the rate the Natwest (my bank) is offering is several cents below the mid-market rate. I know that there are organisations other than the high st. banks who do currency transfers - can anyone recommend one?

Re: Money transfers

Stu the Brewer 22/05/2008, 11:34
I persanal have used Currencies Direct many times, who have been very helpful, the rate you will get depends on the ammount to be converted.
I would reccomend them, however there are others offering this service, suggest looking through one of the French English newspapers for alternatives

Regards
Stu the brew

P.S. their website is http://www.currenciesdirect.com/uk/

Re: Money transfers

plasteredagain 22/05/2008, 12:23
we used hifx to transfer all the money when we purchased our house and we still use them whenever transfering money between our uk and french bank accounts. very quick service.

Re: Money transfers

Jo 05/06/2008, 23:28
We used the Foremost Currency Group when we purchased our property 2 years ago and found them very helpful and efficient, no horror stories of the money disappearing into the ether Smile [:)]

They will also fix a rate for you, so you can use the same rate for the balance as you do for the deposit which means you can take advantage of a good rate, or at least that you know exactly what you are paying for the property, no nasty surprises 3 months down the line when the rate has fallen! Sad [:(]

Love all, trust a few, do harm to no-one.

Re: Money transfers

lostinfrance 06/06/2008, 7:40

Yes very quick HIFX and free

   I had to transfer this week, (much against the grain,at the present rate) made the contract Tues. 9.30 A.M. money in my french bank WED. 12.00
    Hassle free

Re: Money transfers

DerekJ 06/06/2008, 7:54
We've just used the 4X Currency Corporation for both a spot and forward transaction.

The rate seemed competitive and I like the fact that you can use their on-line tool and actually "press the button" as the rate sort of flickers in front of you.
They completed the transfer to France with no charges and in a timely way.

If you do a transaction of under £10K they will accept payment to them by BACS (instead of CHAPS for over the £10K).

Derek

Re: Money transfers

Nearly Retired 06/06/2008, 19:23

This afternoon the man at Foreign Currency Direct offered me €1.23 for £1.00 for a £20,000 transfer.

Hope this helps.

I didn't take him up on it though.

Re: Money transfers

Nell 06/06/2008, 21:46
We always use Moneycorp for transfers. Have looked at other companes but Moneycorp always seems to come out on top.

Re: Money transfers

Nearly Retired 09/06/2008, 14:32

DerekJ,

4X Currency Corporation plc look good and as you said, seeing the rates flicker and change in real time is interesting. I'm transferring a lump (which I'll need in a couple of weeks) and they seem to offer the best deal today. I presume your transaction was faultless as have been mine with another firm I've previously used.

But, before I give 4X a go - has anyone else used them and got any observations?

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