Currency transfers

J

jmayo

Registered User
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Folks,
not sure if this is the right forum or not so bear with me.

I need to transfer Euro amounts (4 figure sums) into foreign currency accounts overseas.
Now does anyone have any recommendations on currency exchange companies, online websites or would they just rely on the banks to do it ?

Thanks in advance,
J
 
I have used Transfermate in the past. They will beat any bank rates and are very efficient. Check out their website.
 
capilano said:
I have used Transfermate in the past. They will beat any bank rates and are very efficient. Check out their website.
Click to expand...

Thanks for that.
Do you just provide the details of sending bank and receiving bank and then it is just sent through ?

How long does it normally take and what is the security for the sender ?
 
You first have to register with Transfermate. When you want to transfer money you can do so by phone or online. I have only done so by phone. They give you a transfer rate and you then transfer money to their AIB account within 3 days. They will then transfer it on to whatever foreign account you have nominated. You will have to provide the account details. Just be doubly sure that the sort code and account are spot on. You will recieve confirmation e-mail that money has been transferred and you then just need to check that the money has arrived in your chosen account. I have dealt with 2 girls, Ciara and Ann Marie and they are both excellent. You could phone either of them and I'm sure they will be very helpful with the details of registering.
 
Currency Fair

I have used CurrencyFair, which I found to be straightforward and convenient.

It is a peer-to-peer currency exchange service. I.e. it does for currency exchange what BetFair does for gambling.

They claim to be a lot better value than the banks. The only drawback is that they are not suitable for short-term holiday cash, because you need to have a bank account in the foreign currency you are converting to.

(NB: I have no connection to CurrencyFair.)
 
Sorry have not been back to this before now to thank everyone for their input.
 
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