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yassen_khan

Moving Savings To A Uk Bank

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I am back in the UK and feel that the savings (in €) that I have in Santander, with all the problem in the financial market, will soon disappear. So my plan is to move them to my account in the UK.

I spoke to someone in my branch and was told that this will incur a charge of 0.68% plus a 15€ for swift, which I think is a bit expensive.

Has anyone used any online currency exchange dealer, and what is the best way to transfer the money without incurring all these charges.

Thanks in advance

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If you are genuinely worried just get on with it.

€15 is peanuts for peace of mind and you can lose (or gain) more than the 0.68% with currency movements while you procratinate.

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Thanks stainless sam and I agree with you. What I was also trying/hoping by me posting the thread is to find out in which (currency) in short term I should keep my savings. I am keen to move whatever I have to GBP but again looking at the tones of overwhelming financial news and you think none of the currencies are safe. I am told QE2 will not be of much help either.

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You might want to try one of the specialist FX brokers, like CaxtonFX or similar? They usually have much better rates than banks or currency conversions shops.

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