Transfering money to foreign account?

We are buying a property abroad. I need to make a first payment of x amount of euros to a foreign bank account..... How do I go about this and best rates etc etc

Transfering money to foreign account?honda finance

I%26#039;ve used HSBC before and they were not good.

You have two choices.

Buy your Euro and TT them to your foreign bank account, or send sterling and let them convert it at the far end.

I currently use a company called HIFX (www.hifx.co.uk). I send them the sterling, and they then send it on in Euro. They are always better than the HSBC rate, and as they have a real time display on their site you can get an indication of the prevailing rate. (You dont get that rate, but they will tell you what margin to work on)

Transfering money to foreign account?

loan

good choice, they will transfer to any other HSBC account in the world for free..|||You can use an electronic transfer such as Lloyd%26#039;s %26#039;money mover%26#039;. The transfer costs 锟?0 for up to 锟?0,000 and the money is exchanged at spot rate which makes it very economical.|||Firstly, do you have your own bank account to transfer to?

To make a transfer you will need to obtain certain details, IBAN, BIC account number, account holders name and sometimes the banks address and telephone number. Your own bank will set the rate for charging the transfer though, and they will ask you if you wish to make the transfer in 锟?#039;s or 鈧?#039;s so check out both exchange rates, its is usually better to transfer in 锟?#039;s and the receiving bank will complete the conversion. You will also need to be aware of the money laundering rules for the country you are transferring to, the property agent or your lawyer should be able to advise you in this one