Best (cheapest) way to transfer funds from UK (£) to France (€)?

[GrahamM376]

Have just (5 mins ago) on-line transferred £3k from UK account to Portuguese account via Transferwise.

Fee £11.26, £3k = €3,404.47. Will be there within 2 hours.

 

[derekbland]

Transferwise Outstanding rate, low fee and updated with emails on progress of transaction.

 

[neil1967]

Take a look at hargreaves lansdown. On that amount there would be no fee and their rates are normally pretty competitive.

 

[colind3782]

Take a look at hargreaves lansdown. On that amount there would be no fee and their rates are normally pretty competitive.

I did a comparison last week and TransferWise bet them easily.

 

[Sailfree]

There was a similar thread a few weeks ago in the Lounge that prompted me to compare various currency companies again.

The cheapest (but they have a minimum of £10.000) is currency index. They charge me £5 transfer fee and shave only 0.5c of the € exchange rate.

Recent high pound encouraged me to place an order at €1.145 which we be filled (now if!) once the rate reaches €1.15.

During my recent research other popular currency exchange companies shave anything between 0.7c to 1.8c and the transfer charge varies from £0 to 0.7%. All rates vary with a lower amount shave off for greater amounts.

Some credit cards like Halifax Clarity are good as they have no charges but beware they charge not the interbank rate but that days Mastercard or Visa rate. Both are worse than the interbank rate with Visa being the worse.

 

[jordanbasset]

Transferwise gives you the mid market rate and charges a fee of 0.35% for sterling/euro transfers, minimum fee of 80 pence

 

[Tin Tin]

Just reporting back.

Looked at all the options suggested and decided to go for TransferWise.
Set up my account last night - took all of 10 minutes.
Executed the payment.
Just checked today and the funds are in my French account.

Very pleased. Thanks for the tip.

 

[Flica]

When I was resident in France I had an account with Credit Agricole.
To top up the account I used to write a cheque on my UK bank, in £ and have it converted to FF and later into €.
Rates were at or above mid-market and they never made me a charge.
It was a Credit etranger passbook account, but I had a debit card and a Mastercard credit card with it.
At present, to pay big bills direct, I use Transferwise € to Italy, Greece and Finland. US$ to the US.

 

[Twin]

Use Revolut Premium to get free unlimited FX at interbank rate. If not urgent then Standard plan with free exchange for up to 6k euro per month and 0.5% fee thereafter.

 

[rivonia]

We use "Currency Fair". What ever the amount it is only a £3.00 charge. They are also fast. You have to register with them.

 

[Sea Devil]

https://www.hifx.co.uk

No fees at all - nor do recipient banks charge a fee (many try to on bank to bank transfers UK - France - Spain etc) Very good exchange rates better than national UK banks. I use HIFX every month and pay lots of larger - mainly boaty fees - using them.

 

[robp]

This is interesting:

https://www.top10moneytransfer.com/...nsferwise uk&utm_content=TransferWise - Exact

I've used Forex companies for many years and currently use OFX. Although issues are unlikely, It might be worth noting that the funds are not always covered by the FSCS guarantee for up to GBP85,000. I opted to use the banks in 2008 for a period of time. Probably over cautious but nevertheless.