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Introducing the LemonFools Personal Finance Calculators

Bank transfers

stewamax
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Bank transfers

#129226

Postby stewamax » March 31st, 2018, 8:37 pm

When I make UK money transfers far larger than my bank’s online FPS limit, I have used CHAPS and paid the £30 (cough…splutter.. ) fee. I recently made a similar transfer to Germany and, although not same-day, was charged £9.50. Short of sending a cheque to the UK recipient (typically another bank) or transferring in several smaller FPS-allowable chunks over several days, what please is the best way to do such UK transfers when same-day receipt is not necessary?

todthedog
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Re: Bank transfers

#129231

Postby todthedog » March 31st, 2018, 9:24 pm

Have a look at

https://transferwise.com

Have used on many occasions while living in Europe. Easy to use. No connection with the company.
Good luck.

Slarti
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Re: Bank transfers

#129268

Postby Slarti » April 1st, 2018, 11:49 am

When I had to do a business transfer that broke my bank's limits, I spoke to them first and the authorised the transfer in advance as a one off.
No problem, no charge.

HSBC to Lloyds.

Slarti


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