Money transfer

[Harley]

Hi Korky

I used Barclays to transfer £40.000 over last January and they only charged me £20.  Someone somewhere has definitely messed up...

Put your foot down and get your refund...

harley

[amca]

nationwide do a SWIFT transfer ...........£20 last time I used it

[Nige and Lynn]

We also used Nationwide, £20 for SWIFT transfer regardless of how much money you are transferring.

Nationwide flexaccount card is the cheapest way of paying by credit card / drawing out from cash machines abroad, they just charge 1% on the amount.

[leeds utd]

Money transfers with Western Union were very expensive our bank Hsbc charges 22 regardless of the amount

[lorna young]

I used Clydesdale Bank (scottish) and was charged 22pounds

[JG2004]

The Turkish banks also charge some money at their end as well, but £120 does still sound excessive!

[glennat]

Hi Korky,

If transfering large sums, the Turkish banks charge more than the UK ones and it tends to be directly linked to the amount of money being sent.  I bank with Garanti (in Turkey) and HSBC (in the UK).  HSBC charged me about £21 to transfer £19,000 and Garanti charged an additional £47 to receive it.
So, the complete transfer cost £68
Then, when I transfered £1500, HSBC charged the standard £21 but now Garanti charged £11.

It appears the Garanti charge around 0.5% - 0.75% commission.

Glen.

[KORKY]

I have now confirmed that Barclays charged £20 and my turkish bank £100 !!
this is 0.5% and apparantly there is no upper limit so £100,000 will cost £500.
Sounds like an excuse for an extra week away with a case full of cash.

[glennat]

How about Traveller's cheques, in large denominations?
Can you bank those in Turkey?

[Sinbad]

Yes you can but only cash in so many a day. Our bank had to come up with a plan of their own in the typical 'no problem' attitude - at least it worked.