Laundering? No, officer!!!

Sep 17, 2003 5 Replies

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BloodyBloke 22 years ago

I'm finding it increasingly difficult to send money to my Wife in Greece for rent on a property on a monthly basis without a massive charge!

CAN'T send a cheque in sterling. CAN'T transfer money from a sterling account to a Euro account. CAN'T send cash, (either currency) registered post- prohibited to Greece. Western Union etc...- WAY too big a charge.

PLEASE HELP!!!

Could i send money from my British account,(it has an IBAN number) to a Greek account,(Euros) which has an IBAN number? Would there be a charge for this?

Can i open up a Euro account with a bank in this country? Then make a transfer? Would the charge be high? Could i get a cheque book with such an account & just mail a cheque? If this hypothetical Euro account had an IBAN number, could i transfer that way without a hideous charge?

ANY help will be MUCH appreciated!!!!! Thank you.

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Ronald Raygun 22 years ago

To minimise charges, minimise the payment frequency. Send 3 times the monthly amount every 3 months.

Yes and yes. Probably of the order of 2 quid a time, possibly at each end.

Probably, but there may be standing charges. It will be cheaper to transfer money from a UK Euro account to a Greek Euro account, but don't forget you'd still have to feed the UK Euro account from your UK sterling account, and that will involve charges.

I doubt that would save anything.

Not if you regard *any* charge as "hideous". See above. Two quid a throw. Not too bad if you only do it quarterly instead of monthly.

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Phil Deane 22 years ago

How about something like Paypal? You load the money in, send it to her, and she draws it down to her bank?

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DP 22 years ago

Lots of sympathy. I tried to take a car there and got the strong impression that they are only members of the community when it suits them. I loved the Greek people but dreaded doing business there.

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DP 22 years ago

...so she needs to come here to open the account.

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john boyle 22 years ago

In message , DP writes

Nationwide might do it by post, but the ridiculous money laundering rules will no doubt prevent that somehow.

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