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Please help..........

simon012 Avatar
8y, 6m agoPosted 8 years, 6 months ago
I need to deposit a small amount of money into a spanish bank account ( or
get 200 euros to someone in spain ) what is the safest/cheapest way to do this ( I
must admit I expected it to cost nothing!!??!? ) as my bank want to charge me
£20!!!!!

Any help is appreciated.........Thank you in advance
simon012 Avatar
8y, 6m agoPosted 8 years, 6 months ago
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(24) Jump to unreadPost a comment
Comments/page:
#1
How quick does it need to be there?
#2
thesaint
How quick does it need to be there?

There is no urgency for this.......I just do not want to pay £20
It's far cheaper to send the cash via RMSD or signed for but I just hope
there is an easier way?
#3
Can you not Paypal it?
1 Like #4
Yeah,bank charges are way too much for this...I usually send an old cd case with the money inside Recorded,Insured Int. delivery. Depending where it's going,about £6. Just tell them it's computer software and NOT cash,and your insured :whistling:
2 Likes #5
paypal?

or you can try [url]www.ukforex.co.uk[/url] cost you around £7
or something like that..
#6
Check the Post Office,I think they offer a service where they can pick it up at their Post Office...I think....
1 Like #7
Transfers are only free if you use BACS Direct Credit, for which you need to know the numbers of the recieving bank. Don't know if you can use this for such a small one off payment though.
1 Like #8
Telegraphic transfers always incur you a charge with banks..
(Only transfers within the UK are free with banks)
Paypal or Western Union may be an option for you.. Not sure the costs there though
#9
KDH001
Transfers are only free if you use BACS Direct Credit, for which you need to know the numbers of the recieving bank. Don't know if you can use this for such a small one off payment though.

I presumed as It was bank to bank ( and I have the details ) I could just send it on the
internet by BT but this does not seem to be the case........
#10
KDH001
Transfers are only free if you use BACS Direct Credit, for which you need to know the numbers of the recieving bank. Don't know if you can use this for such a small one off payment though.


BACS would not work for money going abroad.. Would have to go through as a Telegraphic Transfer with the bank which would incur a fee. (the £20 mentioned)

Usually for telegraphic transfers you require the IBAN number and sometimes a Swift code depending on what country the money is going to..
There is no way you can do the transfer for free from your bank account.
#11
simon012
I presumed as It was bank to bank ( and I have the details ) I could just send it on the
internet by BT but this does not seem to be the case........


No, bank to bank is for accounts within the UK and Channel Islands and the accounts must both be in your name. The BACS number for the bank is huge, you really will have to look it up. It's also possible that the branch you want dosn't itself handle BACS, so it would have to go through the major clearing bank and then transfer.
Its complicated to set up, I know because I use it to transfer from Zurich to Jersey every 4 months, but I do not pay any charges for doing it.
#12
[QUOTE=thrustmaster]BACS would not work for money going abroad.. Would have to go through as a Telegraphic Transfer with the bank which would incur a fee. (the £20 mentioned)

Funny, I've been using this for the last 12 years transferring money from Zurich to Jersey then to the UK. The only thing I'm not sure about is if there is a limit on the amounts.
#13
http://en.wikipedia.org/wiki/Telegraphic_transfer

There is not really any limit for Telegraphic transfers.. Every bank has slightly different security procedures though
1 Like #14
dont know if it still applies or cost but Thomas cook used to do it? I needed cash for an emergency once and thats how my dad sent it-collected it at Thomas cook in Malta..
#15
Thank you all
I shall reply to all in this message
Western Union charges £21 and gives a poultry 1.195 euros to the pound
Paypal is ok for me but he does not have paypal
I cannot get through to my other bank to enquire but will try again
Any other suggestions?
#16
rehydrated
Yeah,bank charges are way too much for this...I usually send an old cd case with the money inside Recorded,Insured Int. delivery. Depending where it's going,about £6. Just tell them it's computer software and NOT cash,and your insured :whistling:

This looks likes the favourite and the cheapest atm thank you
#17
Rep has been left for contributions
( still keep them coming though!! )
1 Like #18
Have used this site before to send dollars to my friend in the states,might be worth a look

http://auctionchex.com/minfo-s.html

its mainly geared up for auction use but you can just send money to a friend/family member etc
2 Likes #19
buy a money card from the post office load it with the amount of euros required then sent it in the post to them by recorded it is insured like a travellers chq so if it gets lost you can claim your money back it's free to have but a small fee of £2.75 i think is payable when the withdraw the money via ATM in spain so you could load a couple of extra euros to cover this if needed. It displays the VISA sign and works in all major ATMs and shops like a Visa ELECTRON CARD.

http://www.postoffice.co.uk/portal/po/jump1?catId=19300207&mediaId=26800661
#20
Mardyass
Have used this site before to send dollars to my friend in the states,might be worth a look

http://auctionchex.com/minfo-s.html

its mainly geared up for auction use but you can just send money to a friend/family member etc

£176.41 to send 200 euros that's not bad at all........
Thank you...........
#21
kate50dadford
buy a money card from the post office load it with the amount of euros required then sent it in the post to them by recorded it is insured like a travellers chq so if it gets lost you can claim your money back it's free to have but a small fee of £2.75 i think is payable when the withdraw the money via ATM in spain so you could load a couple of extra euros to cover this if needed. It displays the VISA sign and works in all major ATMs and shops like a Visa ELECTRON CARD.

http://www.postoffice.co.uk/portal/po/jump1?catId=19300207&mediaId=26800661

£167 for 200 euros ( plus enough to cover charges for withdrawing )
plus £6.42 to post it with insurance
Comes in cheaper than auctionchex
Thank you
1 Like #22
How do i add heat and rep? nuabdi's recommendation of ukforex has just possibly cut my company's foreign transaction charges by a third!
1 Like #23
m1stac
How do i add heat and rep? nuabdi's recommendation of ukforex has just possibly cut my company's foreign transaction charges by a third!


Click on the http://www.hotukdeals.com/forums/images/custom_buttons/reputation.gif

and leave a nice comment............
#24
simon012
£167 for 200 euros ( plus enough to cover charges for withdrawing )
plus £6.42 to post it with insurance
Comes in cheaper than auctionchex
Thank you


i don't think you need postal insurance as it's insured with the post office already like if you go away on hols and loose it acts like a travellers chq

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