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Legal, pensions and money

Transferring money abroad

(6 Posts)
Cnash Sun 11-Feb-24 12:01:49

My daughter has moved to Southern Ireland and I need to transfer money to her to help with house deposit. I know banks offer low exchange rates but wondered if anyone had used any other companies like Currency Fair as an example? Any advice appreciated.

Aveline Sun 11-Feb-24 12:14:52

Can you not just do a BACS transfer?

Smileless2012 Sun 11-Feb-24 12:17:31

When transferring money to America Cnash we only ever used our bank.

Callistemon21 Sun 11-Feb-24 12:34:03

I've found that WISE Money Transfer has always proved very good, swift, low charges and a good rate of exchange.

High Street banks can charge a lot and give a poor rate of exchange.

Ohmygoodness54 Sun 11-Feb-24 12:47:44

Agree with Callistemon, we always use Wise for this type of transaction. We send money regularly to Irish bank account. It's much cheaper than via our bank and very efficient and easy to use and put can follow what is happening through the whole process. They also seem to offer much better exchange rates too. The one and only time I experienced a problem (with the password of course!) their telephone help was great.

Skullduggery Sun 11-Feb-24 13:02:02

You need to use a specialist company if you’re transferring larger amounts of cash. You’ll get a much better rate of exchange that way.

We moved to Ireland and transferred our savings from the sale of property and our UK pensions each month via Smart Currency Exchange. They’re very reliable and offer excellent rates.