rico Posted February 11, 2014 Share Posted February 11, 2014 We are in the process of selling our house in France and returning to the UK. Does anyone know or had experience of the best way to transfer the money from the sale to a bank in the UK?Does it need to go initially from the Notaire to a french bank or can it go direct from the Notaire to a currency company?Also does anyone know the fees involved. Many thanks for any replies. Link to comment Share on other sites More sharing options...
idun Posted February 11, 2014 Share Posted February 11, 2014 Ours went into our french bank account and then we transferred it to the UK. For the house sale we used TORFX, but these days we tend to use Currency Fair. Our french bank did not charge us for this transfer and I cannot remember if TORFX charged anything or not, if they did, it was not much.I would suggest if you are leaving France that you keep you french bank account open with a little in it for at least a couple of years, as sometimes things crop up and it is handy to have. Link to comment Share on other sites More sharing options...
Montcigoux Posted March 13, 2014 Share Posted March 13, 2014 It can definitely go direct to a foreign currency firm if you give the full account details in writing to the notaire ( check and double check the details). I decided against this in the end and had it transferred directly to a foreign currency account with my bank First Direct / HSBC. I have never been sure what protection you would have if the foreign currency firm goes bust when your house money is with them. Or you can send it to a french bank but don't have it transferred into a La Poste account especially if you are closing it at the same time as it can take weeks to be transferred. The main thing is to make sure your notaire knows clearly in advance that you want the money transferred on the day of the Acte otherwise they wait days sometimes to send it. Don't agree to an Acte on a Friday either or you wont get your money until the Monday - tense weekend! Link to comment Share on other sites More sharing options...
AnOther Posted March 14, 2014 Share Posted March 14, 2014 From what I've heard and read it depends on what the Notaire will or won't agree to do, there was one tale of where the Notaire refused to transfer it to a currency broker which I can understand to an extent.I've also heard of people waiting for weeks for their money but when we bought our Notaire handed the seller a cheque on the spot.If instant receipt of the money is crucial then it's something you should ask the Notaire about and use another if you don't like their answer. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.