Small regular money transfers to German a/c

Jan 18, 2006 9 Replies

I live in Blighty and want to transfer about 100.00 per month to my mum, who lives in Germany and has a German current account.



Is there a good value way of doing that? International money orders etc. seem a rip off and mainly only worth it for large one-off payments.



I suppose I could send her a 'partner' Maestro card for my current account, which works all over Europe, but I don't want her to have that degree of access to my hard earnt cash!



In this day and age of online banking etc. surely there must be a way to simply transfer the readies into her account electronically?



TIA



M



So why *not* make large one-off payments? Well, not quite one-off, but you could send £1200 once a year instead of £100 twelve times.

Can you open a second current account here? Then transfer the £100pm by standing order from your main account to this one, and give her a partner card only for the second.

There are, but the banks expect you to pay high fees for using them. They're not too bad though, I think someone recently mentioned one lot who charged only about £6.

You might almost be better off changing cash into Euro notes at the post office and then sending them by snail mail inside a greeting card, risking loss in the post.

Rather than send 100 pm why not send 300 per quarter by Economy International Transfer available from most banks for between 6 and 10?

I do something similar each month, via IBAN transfer through my internet banking account with a well known high street bank. Doesn't cost me a penny. Costs the recipient the cost of the foreign currency exchange.

Which Bank, please?

mrcheerful

I use Lloyds TSB, and also have used Woolwich in the past. I transfer money over to the US, and give an IBAN. Had to set it up on the phone or in the branch first, but once that's done, it's just a few clicks. I think the charging aspect could be due to the type of accounts I have (ie not the basic/standard current account)

What "well known high street bank" is that please?

I use Lloyds TSB, and also have used Woolwich in the past. I transfer money over to the US, and give an IBAN. Had to set it up on the phone or in the branch first, but once that's done, it's just a few clicks. I think the charging aspect could be due to the type of accounts I have (ie not the basic/standard current account)

I do this bi-weekly from my account at the National Bank of Kuwait to my Barclays Premier account in the UK. Internet banking, lovely.

When I wanted to do the same *from* my Barclays account to a friend in the US, I couldn't do it online. So I called them. "You have to come into the branch, we can't do that over the phone". Bastards.

So I ended up transferring the money to someone else in the UK, who went into their bank to do it.

Madness.

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