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transferring money back to the UK

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anika


Joined: 13/09/2009
Posts: 42

Message Posted:
01/11/2010 22:22

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Message 1 of 14 in Discussion

Can anyone please offer advice on the cheapest and best way to send money back to the UK. Thanks



dusty48


Joined: 14/08/2008
Posts: 258

Message Posted:
02/11/2010 00:12

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Message 2 of 14 in Discussion

turk bank will give you a cheque so no fee's



Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
02/11/2010 00:48

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Message 3 of 14 in Discussion

Money transfer is the safest option. Ask the bank how much it will cost as it depends on the sum being transferred.



anika


Joined: 13/09/2009
Posts: 42

Message Posted:
03/11/2010 13:08

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Message 4 of 14 in Discussion

Thank you message 2, have contacted the bank but they will only issue cheques for transfer in the TRNC and the banks here charge a very large amount to transfer money to the UK. Thank you both for your help.



basheer



Joined: 22/12/2008
Posts: 949

Message Posted:
03/11/2010 13:29

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Message 5 of 14 in Discussion

probably bring it back in cash check out max per person allowed



eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
03/11/2010 13:45

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Message 6 of 14 in Discussion

My bank in NC only charge less than 1 %



karakum5c



Joined: 18/03/2008
Posts: 1021

Message Posted:
03/11/2010 15:52

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Message 7 of 14 in Discussion

10,000 euros per person i think through out the EU



Pugwash


Joined: 06/09/2010
Posts: 1797

Message Posted:
03/11/2010 16:01

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Message 8 of 14 in Discussion

No karakum5c 10,000 USD from TRNC.



flightholiday


Joined: 19/07/2007
Posts: 3217

Message Posted:
03/11/2010 16:56

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Message 9 of 14 in Discussion

Msg 7 & 8 Both right but if you travel from the TRNC via Cyprus then the lower real terms figure would apply.



Msg - 1 It depends on who you bank with and their arrangments with their branches "abroad". If the funds are over the 10K mentioned it would be worth doing it by a bank for security alone. If you need the money out to cover an emergency then it will be expensive probably no matter what route you use.



Sideways



Joined: 21/01/2009
Posts: 529

Message Posted:
03/11/2010 17:29

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Message 10 of 14 in Discussion

H.S.B.C. to H.S.B.C. No fee and transfer as much as you want.



Pugwash


Joined: 06/09/2010
Posts: 1797

Message Posted:
03/11/2010 18:29

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Message 11 of 14 in Discussion

Flightholiday, if you leave the TRNC via (RoC) Cyprus or Ercan-Turkey or even by vessel then the 10,000 USD rule applies, it is the law here, clearly posted all all points of entry.



Benjie


Joined: 02/11/2010
Posts: 5

Message Posted:
03/11/2010 18:36

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Message 12 of 14 in Discussion

I transfered some money from HSBC to UK HSBC in large amounts no charge at all. Go and see Julie upstairs in HSBC she'll show you how to do it.



Pugwash


Joined: 06/09/2010
Posts: 1797

Message Posted:
03/11/2010 18:39

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Message 13 of 14 in Discussion

Indeed Benjie I can not see why anyone would possibly want to take it in cash.



flightholiday


Joined: 19/07/2007
Posts: 3217

Message Posted:
03/11/2010 19:43

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Message 14 of 14 in Discussion

Kate Msg 11 - The reason I said whichever is lower is that 10,000 USD could be more than the same number of Euro (on the day of travel) that is assuming they are travelling through from North to ROC Cyprus. Even though at todays rates $10,000 would be far less than 10,000 (around 7,200) - another reason to suggest the bank route?



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