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Transfer - France to UK


Gilles_Le_Fermier

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We hope shortly to be able to transfer a fairly large sum back to the UK - any advice on the best (cheapest) commission at the moment?  We previously used onlinefx, but this was some time ago and it would be nice to have some up-to-date info.

I am sure this has been covered, but I can't find anything recent.

Any help gratefully received!

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  • 2 weeks later...
The larger the amount you are transferring then the less the commission comes into the equation. The bit you've got to look closely at is the exchange rate you are being quoted.

We've all got our different favourites when it comes to fx companies. It might be that they were the best exchange rate for our first transaction and we then tend to stick with them or we like the person we deal with at their end: I find it difficult that you can't find any info in past posts.

If it's it substantial amount you can probably try playing one off against the other as they all have a working margin.

Also just take into account that some banks charge for receiving funds from a foreign source although this is unlikely to be a substantial amount.

                         

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Rank

Organisation

Rate

Cost

in £

 

1

 

 

4X Currency

Corporation

 

1.4803

 

£111,463.89

2

TT

Moneycorp*

1.4800

£111,501.49

3

Direct Currency

Exchange

1.4785

£111,599.59

4

Caxton

FX

1.4780

£111,637.35

4

HiFX

1.4780

£111,637.35

6

Escape

Currency*

1.4770

£111,727.93

7

Currencies

Direct

1.4762

£111,773.47

8

Travelex

1.4741

£111,932.70

9

International Currency

Exchange

1.4730

£112,016.29

10

Foreign Currency

Direct**

N/A

N/A

 

*Includes £15

transfer fee

** Could not quote

within the time frame

 

Results of an

independent mystery telephone shopper exercise carried out by Ipsos

MORI

on 27 February

2007 between the times of 3.35pm and 4.16pm to transfer 165,000

Euros.

During these times

the inter bank rate fluctuated between 1.4843 and 1.4849 (provided

by

xe.com).  Ipsos

MORI registered as a customer with each of the companies listed, and

the

quotes obtained

were actual dealing rates not indications.
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