Viewing 15 posts - 1 through 15 (of 15 total)
  • Safe Money Transfer?
  • nickc
    Full Member

    my bank (first direct) want £25 for transferring into a Swiss bank acct, nothing dodgy, 😯 paying for Bike Verbeir, is there a safe, and hopefully cheaper way of paying off the balance?

    Thanks

    IHN
    Full Member

    PayPal?

    nickc
    Full Member

    wish I could. Not an option 😕

    TheStationer
    Free Member

    Try Transferwise I have bought two bikes from Germany with them very cheap on fees

    deadlydarcy
    Free Member

    Do Bike Verbier not have a UK account? It was set up by Brits wasn’t it? (Sorry, haven’t looked into mtb holidays for years so just scraping something from distant memory…)

    £25 does seem steep for transfers to an IBAN. Having said that, I just checked with my bank (Barclays) and indeed, it would cost me £25. Bleedin’ gougers. 🙂

    konabunny
    Free Member

    Used Transferwise recently and it was good

    Can they not just charge a debit or credit card?

    Ecky-Thump
    Free Member

    15 years ago… IBAN and SWIFT codes were all that I needed to do an online transfer from by German current account (DB24) to any account in the EU, for free.
    Today… From the UK, if I want to send money to any non-UK bank, the thieving scumbags want to charge me!!! £20 is fairly typical I think.

    This is a classic example of UK banks ripping off their customers for what should be a free service.

    deadlydarcy
    Free Member

    Can they not just charge a debit or credit card?

    Think that means they pay the charges (not sure what these are to the merchant) doesn’t it?

    I dunno, I’m ok with fair charges for CC payments for holidays, but expecting the customer to foot a £25 bank transfer charge on top of the holiday cost is taking the mick a little.

    nickc
    Full Member

    DD, no they only have a Swiss acct, I don’t mind that so much it’s the money my bank want for the privilege of pressing a few buttons on a computer…(oh, and a nice letter telling me they’ve robbed me…)

    I’ll look at Transferwise, thanks.

    globalti
    Free Member

    We receive all the money from our Sudan customers through Hawala:

    https://en.wikipedia.org/wiki/Hawala

    Wiki says: “Hawala is attractive to customers because it provides a fast and convenient transfer of funds, usually with a far lower commission than that charged by banks.”

    IHN
    Full Member

    This is a classic example of UK banks ripping off their customers for what should be a free service.

    *bites*

    Why should it be free?

    Greybeard
    Free Member

    I recommend curencyfair.com – set up an account, transfer pounds from your bank to theirs, exchange the pounds to CHF (peer to peer + very small %) then transfer them to the swiss account (£3 fee). Because it’s peer to peer you’re getting a rate midway between the usual buy and sell price – the commission is something like 0.3%. I usually save about £50 plus the bank fees on renting a ski apartment.

    No connection with them other than as a satisfied customer – I get nothing out of recommending them other than the satisfaction of helping other avoid excessive charges for what is now a very simple transaction.

    Ecky-Thump
    Free Member

    This is a classic example of UK banks ripping off their customers for what should be a free service.

    *bites*

    Why should it be free?

    because it’s no different to making an on-line payment from your account into any other person’s account. As they make money on the exchange rate they charge, why should we be charged extra for the transaction itself?
    I wouldn’t be happy if they charged me for any other direct transfers.

    patentlywill
    Free Member

    transferwise +1

    Stoner
    Free Member

    nick – YGM

Viewing 15 posts - 1 through 15 (of 15 total)

The topic ‘Safe Money Transfer?’ is closed to new replies.