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Chat Area => General Discussion Area => Topic started by: Mr Hagon on 12 January 2010, 13:46:59

Title: Transfer money to Germany
Post by: Mr Hagon on 12 January 2010, 13:46:59
I'm looking to buy something online from eBay Germany and the seller doesn't do Paypal but will only accept bank transfer as the method of payment.

Notwithstanding the risk of being scammed, what the most cost efficient/cheapest way of doing this.  Doing so from my bank will cost £10 so I would like to think there's another cheaper way of doing so.

Anyone?
Title: Re: Transfer money to Germany
Post by: mantahatch on 12 January 2010, 13:52:48
If like me you are buying a chrome facelift grille, there is a seller in Germany that accepts paypal, and it took 5 days from posting to delivery.

I did a bank transfer many years ago fo some Manta parts. It ended up horribly expensive but I had no choice at the time.

Hopefully it is easier and cheaper now.

Title: Re: Transfer money to Germany
Post by: Varche on 12 January 2010, 15:38:58
I  bought something from Ebay Germany here in Spain in £ sterling. When I had clicked "Buy it now" it magically converted into damned euros. I managed to do the transfer online from my Spanish Bank account in euros( all in Spanish) and amazingly without any extra charge. I say amazingly 'cos Spanish banks charge you to sneeze!  Are you sure you cannot do a bank transfer online for nil charge. I know the Nationwide don't charge.
Title: Re: Transfer money to Germany
Post by: tigers_gonads on 12 January 2010, 16:19:39
moneygram  :y
from your local post office  :y
Title: Re: Transfer money to Germany
Post by: cem_devecioglu on 12 January 2010, 16:22:52
Quote
moneygram  :y
from your local post office  :y

nope, they want 12 $ for 100 $ you send..
Title: Re: Transfer money to Germany
Post by: tigers_gonads on 12 January 2010, 16:27:52
ouch  >:( >:(
Title: Re: Transfer money to Germany
Post by: bob.dent on 12 January 2010, 17:05:34
If you have Internet banking you should safely be able to transfer money to Germany at little cost. :)
Title: Re: Transfer money to Germany
Post by: STMO999 on 12 January 2010, 17:36:36
Send your money to me. I will make sure it gets there for you.

Cash is best please.
Title: Re: Transfer money to Germany
Post by: jereboam on 12 January 2010, 20:20:06
Quote
If you have Internet banking you should safely be able to transfer money to Germany at little cost. :)

Are you sure?  NatWest charge for overseas transfers, and you can't do them online. 

18 months ago, when I wanted to bring some money into the country, I couldn't even find a high street bank that would open a Euro account for me.  Halifax even told me "we're a British bank, we don't deal with foreign money", but I think I may have been dealing with an idiot.   NatWest eventually obliged, but it took 5 weeks, and I lost money because of currency market fluctuations. 

When I worked in Brussels many years ago, and got paid in (pre-Euro) EEC internal currency, a Belgian bank set me up Sterling, Guilder and Belgian Franc accounts in about 20 minutes.  We Brits just don't think Europe, and our banks (outside of the major cities) are totally clueless.
Title: Re: Transfer money to Germany
Post by: Debs. on 12 January 2010, 20:30:13
I`m helping a nice Nigerian politician move some of his extensive savings into a more favourable situation in the U.K: I stand to make thousands and for doing virtually 'nothing'......all I had to do was send him a little information.
Only took minutes too!
......my luck really has changed. :y
Title: Re: Transfer money to Germany
Post by: Entwood on 12 January 2010, 20:40:40
HSBC last week   £9 charge to send £200 to New Zealand by bank transfer actioned on line ..... :(
Title: Re: Transfer money to Germany
Post by: STMO999 on 12 January 2010, 20:41:02
Quote
I`m helping a nice Nigerian politician move some of his extensive savings into a more favourable situation in the U.K: I stand to make thousands and for doing virtually 'nothing'......all I had to do was send him a little information.
Only took minutes too!
......my luck really has changed. :y


Nice one Debs. :y

I'll send you my address, so you'll know where to post the VO. :y
Title: Re: Transfer money to Germany
Post by: Debs. on 12 January 2010, 20:54:27
Not all money transfers are costly.....
I know from exporting dogs: that Canada and Japan have unusually close banking-ties with the U.K; money can be sent to any bank account in the U.K almost instantaneously from any High St. (or online) banks in either country (and for tiny fees) using a just the  IBAN and a BIC for one`s account.

European 'bank to bank' money transfers cost much more. :'(
Title: Re: Transfer money to Germany
Post by: jereboam on 12 January 2010, 22:53:35
Quote
Not all money transfers are costly.....
I know from exporting dogs: that Canada and Japan have unusually close banking-ties with the U.K; money can be sent to any bank account in the U.K almost instantaneously from any High St. (or online) banks in either country (and for tiny fees) using a just the  IBAN and a BIC for one`s account.

European 'bank to bank' money transfers cost much more. :'(

In theory, BIC and IBAN should be enough for any international transfer. 

And European bank to bank transfers don't generally cost a lot of money.  It's only when one end of the transfer is the UK that it gets expensive.  And that's not to mention the thievery of currency conversion "commission".  The transfer rate is usually good, but the UK banks charge you a percentage for moving foreign currency to or from a sterling account.  This charge is sometimes in addition to what they charge for actually carrying out the transfer.   

Don't ask me to explain - I don't understand it.  Neither, for that matter, did the banker who explained it to me. :(
Title: Re: Transfer money to Germany
Post by: Martin_1962 on 12 January 2010, 23:49:20
I wonder about the banks now owned by the SPanish?
Title: Re: Transfer money to Germany
Post by: Plomien on 13 January 2010, 00:33:22
I get it for free but then I work for a bank.....
BIC/Swift code and IBAN is now required for all EEA transactions and will go through within 2 days ;)
Title: Re: Transfer money to Germany
Post by: Varche on 13 January 2010, 19:47:46
Quote
I wonder about the banks now owned by the SPanish?


Yes be very afraid Martin. Either they will become like Spanish banks (thieving gits) or stay like British banks ( possible). How did the EU allow them( and a raft of other British businesses)  to be bought under such advantage Spanish tax breaks since closed after the EU moaned a bit.
Title: Re: Transfer money to Germany
Post by: ali on 13 January 2010, 23:22:56
I found they cheapest way is to send euros and get  the post registered. Make sure you do not use cheap envelopes you can see through, put it in some A4 paper. :y
Title: Re: Transfer money to Germany
Post by: Vamps on 23 January 2010, 00:40:59
Not this one.... ::)
Title: Re: Transfer money to Germany
Post by: alunonhisown on 23 January 2010, 11:14:05
I am trying and trying very hard to get a $17k cheque cleared all to no avail
Any Ideas?