Transfering Money

[rio]

Each month we need to pay money from our french bank account to english bank account.

Has anyone had the experience? they are both internet accesible,does this help?

Do i contact our english bank?

[andyh4]

I think you should be able to set up the equivalent of a standing order.  All you will need is the SWIFT code  (8 or 12 digit code) for your bank in the UK and the IBAN (arond 20+ digits long) for your account.  My UK statement has both on them.

Transfer the money in euros and it should be converted the GBP at the other end (do not expect however the best excahnge rate - but then when has a bank ever given that).

[Lindnarden]

May or may not be of interest / use but I use First Direct in England and CCF in France - both part of HSBC. The charge for transferring sterling to euros is thus 10 pounds flat fee irrespective of amount - it is probably similar going back the other way....may help ??

[andyh4]

Should be much less.  The EU directive said that transfers across EU boundaries must be at the same cost as within.

In France and Germany money transfer is relatively common and the prices are cheap (costs me 55c = 0.35 pounds from Germany to the UK up to around a max of 12500 euros).  In contrast the UK relies heavily on the cheque.  Money transfers are rare and the robber barons in the banks charge comparitively extonsionate amounts.