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| daemonoid |
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 daemonoid World Chat Champion

Joined: 27 Jun 2008 Karma :    
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 Posted: 11:11 - 31 Oct 2013 Post subject: Converting £ to € |
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I've managed to sell my house in the UK, now I just need to get the cash over to the continent...
Anyone know a decent way to manage that with minimal fees? Up until now it's only been small amounts so I've not really bothered about finding the most efficient solution.
I know a few on here live(d) / work(ed) in the euro zone... any recommendations? ____________________ current: ducati monster 750
past: hyosung gt250r, bajaj pulsar 180, hyosung gt 125 comet
@thomasgarrard | www.straitjkt.com | www.racingseven.com |
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| oldpink |
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 oldpink World Chat Champion

Joined: 02 Aug 2006 Karma :   
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 Posted: 11:19 - 31 Oct 2013 Post subject: |
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there is a couple of ways
taking it in person is best if its under £10k any more than that and you will get pulled at the airport
and you will have to account for every penny and show any tax due has been paid
Bank transfer - only way if your transferring a large amount without getting raped on conversion
money exchange via the net Ok for medium amounts and some have limits on amounts
I used Forex Link ____________________ I have become comfortably numb
Theory & hazard 24-may 2016, CBT 8th June 2016, MOD 1 2nd Aug 2016 Mod 2 2nd-Nov 2016 - Current bike CBR 600 RR |
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| daemonoid |
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 daemonoid World Chat Champion

Joined: 27 Jun 2008 Karma :    
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 Posted: 12:07 - 31 Oct 2013 Post subject: |
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| oldpink wrote: | there is a couple of ways
taking it in person is best if its under £10k any more than that and you will get pulled at the airport
and you will have to account for every penny and show any tax due has been paid
Bank transfer - only way if your transferring a large amount without getting raped on conversion
money exchange via the net Ok for medium amounts and some have limits on amounts
I used Forex Link |
The €10k limit is only outside the UK according to HMRC, but it's the best conversion rate I'm after. The bank/exchanger's cut is always huge and that's what I'm trying to minimise.
The forex seems a good bet... Do they give the exact rate - https://www.ukforex.co.uk/customer-rates or is there a transaction fee on top? ____________________ current: ducati monster 750
past: hyosung gt250r, bajaj pulsar 180, hyosung gt 125 comet
@thomasgarrard | www.straitjkt.com | www.racingseven.com |
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| GhostRider |
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 GhostRider World Chat Champion

Joined: 31 Jan 2008 Karma :  
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 Posted: 12:23 - 31 Oct 2013 Post subject: |
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Bitcoin
GhostRider ____________________ I have all the characteristics of a human being: blood, flesh, skin, hair; but not a single, clear, identifiable emotion, except for greed and disgust. Something horrible is happening inside of me and I don't know why. My nightly bloodlust has overflown into my days. I feel lethal, on the verge of frenzy. I think my mask of sanity is about to slip. |
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| oldpink |
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 oldpink World Chat Champion

Joined: 02 Aug 2006 Karma :   
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| The Shaggy D.A. |
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 The Shaggy D.A. Super Spammer

Joined: 12 Sep 2008 Karma :  
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 Posted: 12:38 - 31 Oct 2013 Post subject: |
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Paypal gift to yourself? ____________________ Chances are quite high you are not in my Monkeysphere, and I don't care about you. Don't take it personally.
Currently : Royal Enfield 350 Meteor
Previously : CB100N > CB250RS > XJ900F > GT550 > GPZ750R/1000RX > AJS M16 > R100RT > Bullet 500 > CB500 > LS650P > Bullet Electra X & YBR125 > Bullet 350 "Superstar" & YBR125 Custom > Royal Enfield Classic 500 Despatch Limited Edition (28 of 200) & CB Two-Fifty Nighthawk > ER5 |
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| P. |
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 P. Red Rocket
Joined: 14 Feb 2008 Karma :   
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| anthony_r6 |
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 anthony_r6 World Chat Champion

Joined: 31 Mar 2011 Karma :    
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| smegballs |
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 smegballs World Chat Champion
Joined: 28 Oct 2007 Karma :  
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| Walloper |
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 Walloper Super Spammer

Joined: 24 Feb 2005 Karma :   
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| Suntan Sid |
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 Suntan Sid World Chat Champion

Joined: 07 May 2009 Karma :    
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 Posted: 13:23 - 31 Oct 2013 Post subject: |
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When I did it, with my house proceeds, I did it via bank transfer.
You must insist that the bank uses the commercial exchange rate and NOT the "tourist" rate, the one that flashes on the digital screen in the bank! You will, literally, save thousands using the commercial rate!
It took me three visits to finally find a bank employee who, actually knew what they were doing, the first two claimed they didn't know there was difference between commercial & tourist rates!
No doubt wanted to relieve me of some more cash!
There is a minimum fee for larger transfers, so try and move as much cash as you can in one go!
When I did it there was a threshold of 25k above which the fees level off, in other words moving 25k chunks of cash is very expensive, moving larger amounts works out cheaper!
Not all bank branches are prepared to do international transfers with large sums, you may be sent to their main branch!
Even when doing a bank to bank transfer the money will not apppear in your account instantly, it will take a couple of days.
For my own part, I looked into the money exchange companies, but decided that it was just adding another transfer into the process, therefore adding another possibility of a cock up/disaster!
The best advice I was given was not to close my UK accounts, leave a nominal sum in each account, it saves monumental hassle if you ever need a UK account again! ____________________ "Everybody needs money, that's why they call it money!"  |
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| fatjames |
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 fatjames World Chat Champion

Joined: 09 Jul 2011 Karma :   
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 Posted: 14:25 - 31 Oct 2013 Post subject: |
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Can't you just put it in your bank account then go abroad and take it out? (I've obviously have never had enough money for this not to work..! ) |
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| oldpink |
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 oldpink World Chat Champion

Joined: 02 Aug 2006 Karma :   
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Old Thread Alert!
The last post was made 12 years, 101 days ago. Instead of replying here, would creating a new thread be more useful? |
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