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Money transfer to UK

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LIBBY View Drop Down
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    Posted: 14/May/2018 at 13:44

Can anyone advise of the best method of transferring money from Portugal to UK.
Santander transfer facility that we use to transfer money to Portugal does not have a facility to transfer money back to the U.K.
(This is question is to help advise a Portuguese friend to transfer money to the U.K. for a house purchase)
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DICEYUK View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote DICEYUK Quote  Post ReplyReply Direct Link To This Post Posted: 14/May/2018 at 15:36
Surely if somebody has a Bank Account with any Portuguese Bank then there must be a system in place to transfer money to a UK Bank Account.
I've never had to do it but before I used the Santander transfer method (i.e. for money from the UK to Portugal) I simply went to my NatWest Bank and did it via them.
There has got to be a reverse process because it must happen hundreds of times every day of the week.
No doubt you will get a reduced exchange rate and you'll probably have to pay a fee.
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LIBBY View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote LIBBY Quote  Post ReplyReply Direct Link To This Post Posted: 14/May/2018 at 18:40
I was surprised to be told by Santander that the U.K./Portugal money transfer they offer, does not operate the other way around. I was just wondering what is the least expensive way to do it, eg via bank transfer or fx companies.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote jamieandanne Quote  Post ReplyReply Direct Link To This Post Posted: 15/May/2018 at 14:37
Look into Transferwise, I found them easy to use, very good exchange rate and good for house purchase.
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LIBBY View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote LIBBY Quote  Post ReplyReply Direct Link To This Post Posted: 18/May/2018 at 09:26
Many thanks DICEYUK and Jamieandanne for your replies.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote cubsur Quote  Post ReplyReply Direct Link To This Post Posted: 18/May/2018 at 09:41
I have to do this from time to time. I just transfer money using my bank's website from my account here to a UK bank account. There is a fee but nothing huge and the normal commercial exchange rate applies.
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LIBBY View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote LIBBY Quote  Post ReplyReply Direct Link To This Post Posted: 18/May/2018 at 18:15
Thanks Cubsur,
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