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Moving Savings To A Uk Bank

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#1 yassen_khan


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Posted 09 October 2011 - 12:38 PM

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

#2 Stainless Sam

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Posted 09 October 2011 - 02:40 PM

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.
Beware - if I agree with you we might both be wrong. Or maybe I'm just being sarcastic.

#3 yassen_khan


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Posted 09 October 2011 - 03:54 PM

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.

#4 jsn67


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Posted 27 November 2011 - 10:34 PM

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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