[Archived] Bank Transfer France To Uk

[Paul]

I've been arranging a holiday for my family and two French families. I've paid everything and now need them to transfer their share to me.

Clearly this can be done electronically but the only information I can find is "it's very expensive."

Anyone got an experience of transferring Euros to the UK electronically? Anyone know if "traite bancaire internationale" is the correct translation of "bank draft" as that could be cheaper.

[K-Hod]

According to google translate, it means 'International Bank Draft', though that has a habit of literally translating, so at a guess I'd think it would be the same. I'm sure I recall Gumboots saying she was a French speaker?

[T J Hooker]

Paypal?

[Paul]

Paypal?

Now that's a plan. Never thought of it.

[Dean]

When I was working in Europe and transferring money back to my UK account, I used https://transferwise.com/.

Much better rate than the banks offer.

Edit: Explanation of it here if you are wondering how it works! http://www.telegraph.co.uk/sponsored/finance/money-transfers/11435428/how-does-transferwise-work.html

[yoda]

Credit Union or Western Union are cheaper than the French banks and quicker

[Madon]

Try 'Global Web Pay' I used it to transfer money from the UK to a spanish account a few weeks ago, it's really easy to use and very cheap.

[perthblue02]

Another option is www.ofx.com (previously ozforex), personally used this and once set up really easy to deal with and decent exchange rates and very secure

Edit, pretty sure you can register out of AU and use their services, but best to check

[Husky]

https://www.fxcompared.com/

Use that site to check out value for money, services available etc.

I've used a couple of the brokers on there to transfer between the UK and EUROpean countries in the past. I used Transferwise the last time simply because I didn't have access to some of the security stuff (i.e.- a bill with name and address) I needed to use another broker that offered a slightly better rate. Though I can vouch for them - everything went though ok.

You should never ever ever use a bank at any cost - no matter what they say. As even if they say they 'don't charge' for certain accounts they'll always stiff you with a crap exchange rate - which really adds up if you use this method a lot and/or transfer a large amount.

Meh, Paypal aren't the cheapest either.