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Money transfer to UK |
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LIBBY 
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Joined: 24/November/2007 Location: Northern Ireland Status: Offline Points: 833 |
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 Topic: Money transfer to UKPosted: 14/May/2018 at 13:44 |
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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
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Joined: 05/April/2011 Location: Norfolk/Algarve Status: Offline Points: 3381 |
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Posted: 14/May/2018 at 15:36 |
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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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I hate how peopleï compare Frank Zappa to God. I mean, he's cool and great and nice and everything, but he's no Zappa.
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LIBBY
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Joined: 24/November/2007 Location: Northern Ireland Status: Offline Points: 833 |
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Posted: 14/May/2018 at 18:40 |
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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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jamieandanne
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Joined: 05/September/2010 Location: Albufeira Status: Offline Points: 145 |
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Posted: 15/May/2018 at 14:37 |
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Look into Transferwise, I found them easy to use, very good exchange rate and good for house purchase.
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LIBBY
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Posted: 18/May/2018 at 09:26 |
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Many thanks DICEYUK and Jamieandanne for your replies.
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cubsur
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Joined: 26/January/2006 Status: Offline Points: 27175 |
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Posted: 18/May/2018 at 09:41 |
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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
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Posted: 18/May/2018 at 18:15 |
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Thanks Cubsur,
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karldaly
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Joined: 30/August/2018 Status: Offline Points: 1 |
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Posted: 30/August/2018 at 06:59 |
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If you are looking to send money as conveniently and cheaply as possible then ExcelCurrencies is a good option. It only charges a small percentage of the overall transfer as its fee.
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Andrew
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Joined: 27/December/2008 Location: UK or Algarve Status: Offline Points: 7263 |
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Posted: 30/August/2018 at 09:06 |
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And as said before, for £500 or more, FairFX don’t charge a bean.
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Andrew
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