Thread: Making an International Bank Transfer

Quote: Originally Posted by dzug1 Surely those numbers are on your statement? They are on mine. Several accounts, several banks. But agree with cash for small amounts. actually, no they aren't as I don't get any statements for this account. It's one of the old abbey savings accounts with a book. There was nothing in the book.

Hi Basically I want to send some money to someone in Germany. The bank I am with is NatWest and I have looked up international payments on their website and it says there is a £10 charge for European transfers. Is there any way to get around this charge? As it seems a lot when I am only sending about £28 in total. I have heard that if you are actually dealing in the countries currency (eg. the Euro), you don't get charged, is there any...

Don't think you can get round it apart from asking that the person receiving the money pays the charge. There are usually 2 charges, 1 at each end! I've just sent some money to Australia and requested that each end pays the relevant charge.

Do both of you have a Paypal account?

Moneybookers, nice and easy! Do you have the IBAN and BIC for the account in Germany? You may be able to do a transfer via online banking, the only issue should be the exchange rate?

AFAIK since the new regs came in on 1st November payments for foreign transfers have got to be paid by the sender apart from receiving bank charges which have to be paid by receiver.

paypal...

I managed to send the payment via PayPal. But for future reference is there any cheaper way of sending a bank transfer to someone in Europe using the IBAN and BIC codes? As I find that a lot of people from Europe dislike using PayPal and prefer the bank transfer method. But I don't want to pay this way if it entails a £10 fee from NatWest every time I want to send money.

Quote: Originally Posted by Maelstrom09 I managed to send the payment via PayPal. But for future reference is there any cheaper way of sending a bank transfer to someone in Europe using the IBAN and BIC codes? As I find that a lot of people from Europe dislike using PayPal and prefer the bank transfer method. But I don't want to pay this way if it entails a £10 fee from NatWest every time I want to send money. AFAIK there is none as the...

The regulations apply in the whole EU (plus Switzerland), including the UK , to transfers in euro or in Swedish krona. The UK gov asked the UK banks if the regs should apply to transfers in GBP, and the banks said no. The regs say that UK banks must charge the same to transfer euro from Liverpool to Frankfurt as they do to transfer euro from Liverpool to Manchester. Since UK banks don't offer (or don't publicise and are about to...