making a payment in Euro's from the UK ??

Hello, I am booking somewhere to stay for my holidays in Greece and I need to make a booking deposit to the owner of the accomodation. Obviously the problem is that I operate a uk stirling account and his account will be in Greece and in Euros. The amount is only 40 Euros. What is the most economical way to make payment?. The owner says i can send an "international cheque" by post,or he will supply his bank details and i can transfer the money direct.

thanks

joe

Remove antispam and add 670 after bra to email

Be a good Global citizen-CONSUME>CONFORM>OBEY

Circumcision- A crime and an abuse.

Reply to
tarquinlinbin
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This old chestnut comes up regularly. There's no cheap and easy way to send this sort of amount securely.

For 40 Euros I'd just stick it in an envelope in cash and take the risk. If you want you can register it but for 40 Euros I don't think I'd bother. If you don't have 40 Euros lying around then the Post Office is probably as good as anywhere to get the cash.

Alternatives are:- Travellers Cheques, a bit more hassle to get them, relatively secure. A real pain in the backside if you want to cancel the booking and get your deposit back.

Bank Transfer - Possible but lots of hassle, you'll have to go to the bank, costs about £10 and upwards, cheapest I found was HSBC WorldPay.

You can't be serious, if you want an E-Mail reply then give us a working address. My Reply-to: is functional and receives virtually no junk mail even though I've been using it on Usenet for quite a couple of years now.

Reply to
usenet

As CG says, post it. You are going to have to get Euros for your holiday anyway. Any other mechanism is overkill and very expensive for just 40 euros.

Reply to
Tumbleweed

Interestingly, it is possible to transfer Euros *to* a UK bank account totally free of charge. I have a savings account with Egg and they did not charge a penny for receipt of a Euro amount. Nor did the German bank charge for the transfer. (I think it's called Standard European transfer up to EUR 12,500). Most banks, however, even within Euroland, seem to charge for receipt of a foreign transfer.

Reply to
Elizabeth Smith

Did they not hide the carge within the exchange rate they gave you ? Was it a competitive rate at the time ?

Joe

Reply to
Joe Hunt

Hi Tarquin

Wouldn't the sensible thing to do be to simple pay the whole amount for the holiday in one go? I presume you already have flights booked, so your travel insurance should take care of any mishap preventing you from going. You should also be able to agree a good 'rate of the day' with your bank if the total amount is over 500 pounds

Kenny

Reply to
Kenny

Yes but im dealing with an individual rather than a big tour operator/company..I'll probably just put 40 e in an envelope and send it,gotta trust people sometime i suppose!! Remove antispam and add 670 after bra to email

Be a good Global citizen-CONSUME>CONFORM>OBEY

Circumcision- A crime and an abuse.

Reply to
tarquinlinbin

you are already trusting that the apt is as advertised and will be there when you arrive! So in that context no trust is required for the 40 euros. Just make sure the cash can't be easily spotted through the envelope so no postie intercepts it.

Reply to
Tumbleweed

No. Since 1/7/2003 banks have to carry out Euro transfers within the EEA* (and to Norway and Iceland) under the same conditions as their domestic transfers. As transfers are free within Germany, Euro transfers to any country within that area are free too. This applies to transfers up to EUR 12,500 and if you can provide IBAN and BIC.

Strangely though, some banks in Euroland charge for receipt of a Euro transfer: for instance, I transferred EUR 40 from Germany to the Netherlands and the receiving bank charged EUR 10!!!

*European Economic Area
Reply to
Elizabeth Smith

I think this is because of the new rules (within Euroland?) that require the banks there to charge no more for cross border Euro transfers than they do for within border transfers.

Reply to
usenet

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