Tt Transfer From Eu To Uk Bank ( 70.000 Euro )

[pumpjack]

i may in future need to transfer funds from my euro bank to UK bank account in order to pay deposit on house.

as i said the total sum will be 70.000 euros

should i use one of these money transfer companies such as transferwise or HIFX etc

if i did use one of these companies how much from 70k euro could i save ?

[Buenchico]

The Money Advice Service was set up by the Government to provide independent advice on money matters, so it's always worth checking out their website.

As you'll see, they state that using a foreign exchange broker is the cheapest option but it does carry a small element of risk because, unlike using a bank, you're not covered by the Financial Services Compensation Scheme.

(To find out how much you'd pay via a foreign exchange broker, click on the link labelled 'Compare quotes and costs on the FX Compared website').

https://www.moneyadviceservice.org.uk/en/articles/how-to-send-money-overseas

(That page assume that you'll be sending money out of the UK, rather than into it, but the information there will still apply in your situation).

[pumpjack]

thanks would there be any figure of people who have lost out or been scammed etc using these brokers ?

im guessing very very highly unlikely ?

[pumpjack]

this broker is ( rational FX )