Bringing sterling from the uk

Tootie


Joined: 28/08/2008
Posts: 2037

Message Posted:
03/09/2009 09:34

What is the limit your allowed to bring out?



Tootie

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
03/09/2009 10:15

Message 1



$10,000 is the limit legally allowed to take out of the UK i beleive.



but if you inform customs before your flight and have proof of where the money your taking out of the country came from.ie, letter from bank that you withdrew it,you can take as much a you wish out of the country.

a chap from manchester used to take out 50k 70k 100k regular when he was flying to china, vance miller, the kitchen guy. google his name...it makes for very very interesting reading. quite a colourful geezer!! even i say so myself!

Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
03/09/2009 10:30

I thought foreign currency control was lifted decades ago (includes Stg).



Richard

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
03/09/2009 11:34

Bes way to find out is to check HMO Customs and Excise website for the facts. Then you will be certain.

gates


Joined: 08/12/2008
Posts: 1096

Message Posted:
03/09/2009 11:37

i have come through to here wiht 10k on many occations no probs

Geejay


Joined: 18/04/2009
Posts: 475

Message Posted:
03/09/2009 11:38

Currency control has been replaced by money laundering control.

Tootie


Joined: 28/08/2008
Posts: 2037

Message Posted:
03/09/2009 11:57

Thanks for the replies folks.



Tootie

StGeorgeI


Joined: 27/08/2009
Posts: 973

Message Posted:
03/09/2009 12:35

If you get stopped they will question you for anything above £7,000.

catalkoykid


Joined: 15/02/2009
Posts: 1190

Message Posted:
03/09/2009 12:39

bring what amount you like as long as you have the reciept from the bank

flightholiday


Joined: 19/07/2007
Posts: 3217

Message Posted:
03/09/2009 13:11

Msg 3 Richard you are right. I remember when you were only allowed to take £50 (it was £sd then) from the UK with you to anywhere (your passport was stamped etc.) - that stopped many years ago.



These days there is EU wide money laundering controls €10,000.00 - for all sorts of reasons mainly drugs and prostitution.



There are fewer controls about money transfers but the banks are very careful so as to avoid being caught out.

Tootie


Joined: 28/08/2008
Posts: 2037

Message Posted:
03/09/2009 13:22

I have a friend in the uk who is irish, he lives in the uk but works in ireland and commutes every week. He gets stopped all the time and is asked questions to do with money laundering.



Tootie

breezyboy


Joined: 14/05/2007
Posts: 1179

Message Posted:
03/09/2009 15:41

It is 10000 euros only when leaving the EEC.

All airports have triplicate forms available if you are taking more than this.

You could therefore bring whatever you want to Larnaca and transfer the risk from a UK airport where a percentage of bags are checked to a crossing point into the north.

Alternatively RBS charge £20 for transferring money to TRNC in 3 days which is of course notified to HMRC.

LOvegod


Joined: 22/03/2009
Posts: 161

Message Posted:
03/09/2009 20:46

what if you have sold a villa and want to transfer a couple of hundred thousand back to the uk ?

joandjelly


Joined: 24/02/2008
Posts: 2953

Message Posted:
03/09/2009 21:27

I was stopped at Stansted a few years ago because I had £10k in my hand luggage when it was searched. Spent ages waiting to be interviewed by Customs and they only just about let me off because I couldn't prove that I had taken the money from my bank that day. Anyway, because I had no idea at the time that there was a limit I asked what the limit was coming the other way and they said they didn't care how much was brought in, only what was taken out.