Sandy Bottom
Active member
Debit Card?
Credit Card?
Bank Transfer / CHAPS?
Other?
(About £10k)
Ta.
Steve
Credit Card?
Bank Transfer / CHAPS?
Other?
(About £10k)
Ta.
Steve
Best way to transfer Marina fees from UK£ to Euro?
- Thread starter Sandy Bottom
- Start date
Tranona
Well-known member
Bank transfer is the easiest, but you are stuck with the bank exchange rate. Therefore worth looking at the foreign exchange specialists to get a better rate. Just google foreign exchange transfers for a wide choice.
ITH
Member
Transferring marina fees
We've used https://www.currencyfair.com for a number of years now. It's all done online, simple to join, and you first deposit the sum (£) that you want to transfer. Currency Fair converts that into € at the current rate - when I checked before sending this, it was 1.3829
All you need is the bank details of the yard or whoever you want to pay and the job is done. The charge from Currency Fair is €3
They aren't the only company doing this, but we have used them for amounts large and small and never had any problems. (No connection with the company, just a satisfied customer)
We've used https://www.currencyfair.com for a number of years now. It's all done online, simple to join, and you first deposit the sum (£) that you want to transfer. Currency Fair converts that into € at the current rate - when I checked before sending this, it was 1.3829
All you need is the bank details of the yard or whoever you want to pay and the job is done. The charge from Currency Fair is €3
They aren't the only company doing this, but we have used them for amounts large and small and never had any problems. (No connection with the company, just a satisfied customer)
Poignard
Well-known member
I just paid mine using a FairFX prepaid Euro card. But it was only £1,000 so getting the best exchange rate was not so important as it might be for £10,000.
I could also have used a Halifax Clarity card.
I could also have used a Halifax Clarity card.
rivonia
Active member
We only use currencyfair. https://www.currencyfair.com
RichardS
N/A
If you will be doing this regularly then open a Euro bank account. Mine is with Lloyds International. The funds are actually based in Guernsey but you open the account in the UK. Transfer GBP into it whenever the exchange rate is good - I transferred several thousand when it hit 70p a few weeks ago - and you build up a reserve of "cheap" Euros which you can use to pay the marina with no extra charges.
Richard
colind3782
Well-known member
I have a Euro account in Spain with Sabadell (you can run your account in English and the fees are reasonable at €8 per month) and I use Transferwise to top it up when the rate is favourable. Then I pay any fees when they come up from that account. Simples!
mcanderson
Well-known member
Lloyds do a visa/Amex card deal with no foreign exchange fees and you collect avios with the card. We pay ours doing this. The rate is good as well.
Sandy Bottom
Active member
Thank you very much folks - that is :encouragement: helpful
Yngmar
Well-known member
I can recommend https://transferwise.com/ - good rates, pretty quick and no problems.
billcole
Well-known member
I've used xe.com for a few years. I takes a little while to set up as they do money laundering checks, and do actually phone you up after you've registered online.
You can store payees bank details, and when you want to pay your bill you get an instant rate quote which is fixed once you accept it. You then have a day or two to transfer the money to xe using normal internet banking, and once they've received that they transfer the foreign money to your payee.
You can store payees bank details, and when you want to pay your bill you get an instant rate quote which is fixed once you accept it. You then have a day or two to transfer the money to xe using normal internet banking, and once they've received that they transfer the foreign money to your payee.
vyv_cox
Well-known member
I have an account with ABN-Amro in Holland. Mine is left over from my time working over there, and a small pension is paid into it which helps the cruising account, but it is possible to open one from UK. Fees are €3.50 per month for one debit card. We pay a lump sum in every spring, transferred by Barclays for £15 for the sort of sums we are talking about, at a decent exchange rate. We can then use any ATM throughout Europe without charges.
Steve Clayton
New member
Recommend it too.
Use my link and you will get your first transfer - up to £3000 - with no transfer charge
https://transferwise.com/u/d4e86
Yes; I may benefit from this by way of introduction but so will you!
david_bagshaw
Well-known member
I have used Baydonhill
https://www.baydonhill.com/private-client
for the last few years, as recommended by others here at the time. My last transfer was substantially better than HSBC at the time.
https://www.baydonhill.com/private-client
for the last few years, as recommended by others here at the time. My last transfer was substantially better than HSBC at the time.
milltech
Active member
Ditto. Works a treat,you can also try and get a better price if you think the market is improving and you're not in a hurry. I tend to load a fairfx card for everyday stuff rather than transfer to my Spanish Bank, but on anything significant I use CurrencyFair
milltech
Active member
I know George would like to get authority to raid our bank accounts without telling us, but in Spain they can do that. I bought a car parking space but the authorities thought it was worth three times what I paid, (crisis, what crisis), so they levied a tax on me which I didn't pay. Lawyer said it will be deducted when you sell. So after a year or three had passed I opened an account with Sabadell Atlantico and bunged £1,000 in there. Set off for UK by car, paid a first night hotel in Zafra, tried to fill the car, card refused. Turned out the tax man discovered I'd opened an account and whipped out his 800 euros quick as you like. As it happens I had alternative ways to pay but I'm very wary now. You never know who thinks taking money from you is a good idea.
Thedreamoneday
New member
I've just used Moneycorp to buy and transfer euros 2 days ago, they gave me 1.384 with no charges at all.
Really straight forward.
Really straight forward.
Seren
New member
+1 Moneycorp. Have used them for more than 5 years including purchase of our Ovni.
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+ 2 for Transfer wise. Standard bank transfer rates are a bad joke.
RAI
Well-known member
I have found currencyfair better than transferwise, but it depends a bit on how much you transfer and whether you choose to use currencyfair's marketplace rather than their instant rate. It is worth comparing them with actual transfers.