I was able to set up an international transfer facility in Bank of Ireland. I used the online banking system, and filled in the required details. As a security precaution, the bank sent me a letter with a code to activate the account. It took about a week to set it all up. Now I can transfer cash to the other account whenever I like. It takes 3 days for the transfer to show up in the other account. There was no set-up fee, but there is a fee of €5 per transaction on BOI's side, and the other account deducts $10 from each lodgement. Other banks may vary, but that's been my own personal experience. Hope it helps.
What country was that to?
It would be a big chunk of the €50 if there was €5+$10 deducted from it..
How much would it cost the reciepient if I was to post a BOI cheque to him to lodge in his India bank ?
What country was that to?
It would be a big chunk of the €50 if there was €5+$10 deducted from it..
How much would it cost the reciepient if I was to post a BOI cheque to him to lodge in his India bank ?
I wonder if you can get a bank draft in Indian currency (Rupees, isn't it?) as that might possibly be a cheaper way to send the money.
Sorry - I should have said. It was Australia. If you could combine a few months' payments, rather than sending €50 per month it might be more economical for you.
I would be wary of sending Euro cheques to foreign countries - I tried that when sending money to America once, and the bank refused to accept the cheque. I wonder if you can get a bank draft in Indian currency (Rupees, isn't it?) as that might possibly be a cheaper way to send the money.
Maybe try Transfermate/www.currency.ie ?
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