Bank transfers to Europe

[Matchworn Shirts]

Has anybody transfered any money from their bank account to another bank account in a European country? If so any ideas what it costs?

[Bob's Orange]

Has anybody transfered any money from their bank account to another bank account in a European country? If so any ideas what it costs?

I have transferred money from the UK to my account in Luxmebourg and it cost me £16 with the bank of Scotland. You'll probably need an IBAN number as most banks in Europe (well Luxembourg anyway) appear to use this.

[Matchworn Shirts]

Has anybody transfered any money from their bank account to another bank account in a European country? If so any ideas what it costs?

I have transferred money from the UK to my account in Luxmebourg and it cost me £16 with the bank of Scotland. You'll probably need an IBAN number as most banks in Europe (well Luxembourg anyway) appear to use this.

Thank you very much for that information it is of great use to me

[Summerof69]

You'll definately need the IBAN (International Bank Account Number) and the BIC (Bank Indentifactor Code).

These are both printed on all bank statements these days.

[ronnie21]

When I have needed to pass money out to Spain I usually go in to my bank and ask for a Euro cheque for the amount I wish to transfer.  Costs about £15, have to order it but it is a 24 hour service.

[pumbaa]

I transfer money between US and UK bank accounts. The bastards charge you at both ends, its normally £12 from my UK account, can't recall the fee from my US account. Normally need the account numbers and routing numbers (probably the IBAN as referred to above) for all transactions. Its pretty easy, I can do mine over the phone.

[Northern Red]

I've received money from abroad and they needed the IBAN number from my account, so much what other people have said.

[wheretherealredsare]

Depends on the amount involved, but for amounts of up to £300 a day you could use a Nationwide Flex Account, card use via ATM is free as is debit card use overseas.

http://www.nationwide.co.uk/current_account/default.htm?source=ggl&campaign=FLX200512001&keyword=nationwide+flex+account

Check out Important Information after clicking on the Current Account - more info link on the above. If you are no longer a UK resident, maybe get a trusted friend or relative or teforumer (!!!) to open the account and give you the card and PIN.

For larger amounts the IBAN situation described above is probably best. Banking with First Direct for example a SWIFT transfer costs £21 so for sums above roughly £700 it is more cost effective than cards which charge around 2.75% plus stuffing you on exchange rate charges.

Hope this helps.