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Legal, pensions and money

Sending money in sterling to Europe since Brexit.

(10 Posts)
Fennel Mon 15-Feb-21 16:27:48

We used currency Direct when we lived in France but didn't know if the same system works from UK to France. And any change since Brexit?
Not for me, for friends whose daughter lives in Belgium.

sodapop Sun 14-Feb-21 17:51:03

I use Currencies Direct and have done for several years. Never had a problem although it takes a day or two,

Daddima Sun 14-Feb-21 17:46:21

I have a Revolut card, which I believe allows free transfers of money between accounts. You can load your card in sterling online, then exchange it into Euro (usually at a good rate)
I presume you can then transfer money to another Revolut account. The card is used just like any debit card.

suziewoozie Sun 14-Feb-21 17:08:33

I’m a very risk averse person in these situations and so wouldn’t use any body which wasn’t covered by FSCA

Katie59 Sun 14-Feb-21 16:33:25

Just checked PayPal, £1.50 fee, 1.30 Exchange rate to receivers bank account.
Sounds OK

tidyskatemum Sun 14-Feb-21 16:33:03

I’ve sent money to Europe and the US using transferwise.com
The rates are excellent and the money arrives in the recipient’s account the same day.

suziewoozie Sun 14-Feb-21 15:52:21

Gosh that’s good - my bank had a fee of £9 before Brexit and now it’s £20.

Katie59 Sun 14-Feb-21 15:41:33

Official rate around 1.14, I use First Direct, free online or £4 by phone, receiving bank will convert to local currency, works worldwide too. I’m sure many other accounts do similar currency exchanges.

suziewoozie Sun 14-Feb-21 15:34:25

With my bank, I can send it as pre-Brexit but I think the charges are higher. Quelle surprise.

Fennel Sun 14-Feb-21 15:32:13

Has anyone done this? if so what's the best way and have the rules changed?
I believe the current exchange rate is 1.1 euro per pound sterling.