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We are about to transfer the cash from pounds to euros for a house purchase and are really stressed about which exchange company to trust with such a large amount, yet have a decent rate now with the recent fall.
Would appreciate thoughts on our problem
Posted: Fri Jan 17, 2025 10:36am
Super helpful member
Mike123 wrote on Thu Jan 16, 2025 11:01pm:
We are about to transfer the cash from pounds to euros for a house purchase and are really stressed about which exchange company to trust with such a large amount, yet have a decent rate now with the recent fall.
Would appreciate thoughts on our problem
I have used WISE for many years very transparent about the rate and fees they charge, quick and efficiant service
Posted: Fri Jan 17, 2025 12:31pm
Mike123 wrote on Thu Jan 16, 2025 11:01pm:
We are about to transfer the cash from pounds to euros for a house purchase and are really stressed about which exchange company to trust with such a large amount, yet have a decent rate now with the recent fall.
Would appreciate thoughts on our problem
We use Moneycorp for many years
very safe and efficient
Posted: Fri Jan 17, 2025 3:47pm
Super helpful member
Lumon for us - they have an office in Los Alcazares near the 525.
eduardo3332 wrote on Fri Jan 17, 2025 10:36am:
I have used WISE for many years very transparent about the rate and fees they charge, quick and efficiant service
Many thanks for the reply We had been using Currencyfair for visits previouslty but the rate at Wise is better it seeems wonder can you speak to anyne on the phone we are changing a lot for a property this time and are really nervous.
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Mike123 wrote on Thu Jan 16, 2025 11:01pm:
We are about to transfer the cash from pounds to euros for a house purchase and are really stressed about which exchange company to trust with such a large amount, yet have a decent rate now with the recent fall.
Would appreciate thoughts on our problem
Hi, we are in the process of doing this for the second time. Wise are definitely the best and I would transfer batches of smaller amounts rather than in one go, for peace of mind. Set the funds to auto transfer when the rate hits a particular amount. I found that it often hit the high 1.20's overnight (I was transferring from the UK). I think I got most of mine transferred at 1.209. The fees are dependant on amounts, so there is next to no difference if you transfer small amounts or one big hit. Set a few auto transfers up at different rates - they are easy to cancel if you need to. I believe we saved about €2000 using the auto transfer and achieving that overnight rate. Hope this helps.
Barbara50 wrote on Sat Jan 18, 2025 3:59am:
Hi, we are in the process of doing this for the second time. Wise are definitely the best and I would transfer batches of smaller amounts rather than in one go, for peace of mind. Set the funds to auto transfer when the rate hits a particular amount. I found that it often hit th...
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...e high 1.20's overnight (I was transferring from the UK). I think I got most of mine transferred at 1.209. The fees are dependant on amounts, so there is next to no difference if you transfer small amounts or one big hit. Set a few auto transfers up at different rates - they are easy to cancel if you need to. I believe we saved about €2000 using the auto transfer and achieving that overnight rate. Hope this helps.
Sensible thing to do move several smaller amounts.
But you are not going to see anywhere near 1.20 for the foreseeable future I am afraid.
Roland wrote on Sat Jan 18, 2025 9:09am:
Sensible thing to do move several smaller amounts.
But you are not going to see anywhere near 1.20 for the foreseeable future I am afraid.
Yes, we were fortunate we did this about 4 weeks ago. The sentiment still stands, though, although I'm not sure what rate I'd set my autos too at the moment!
Starling bank, recommend them highly
Posted: Sun Jan 19, 2025 12:43pm
We used Simon at A Place In the Sun Currency....took several quotes and we saved thousands on the house exchange transfer..
Shop around, especially if larger amount.
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