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Money transfer abroad....................

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Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
21/02/2012 07:33

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Message 1 of 25 in Discussion

A cypriot friend in TRNC will soon need to set up a payment to the uk every month. Any ideas on the cheapest way to do it?



Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
21/02/2012 12:13

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Message 2 of 25 in Discussion

Back to the top



suehowlittle


Joined: 31/10/2010
Posts: 1202

Message Posted:
21/02/2012 13:19

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Message 3 of 25 in Discussion

Perhaps Paypal might be a good idea?



Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
21/02/2012 14:33

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Message 4 of 25 in Discussion

Possible not sure how that works as the money s going to a personal bank account not a business. Its to pay her rent.



Smity



Joined: 14/09/2009
Posts: 826

Message Posted:
21/02/2012 15:00

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Message 5 of 25 in Discussion

Set up a pay pal account as Msg 2 suggest

Money can be paid into any bank account and will come out of the payers account automatically with no charge

I alway use paypal when i can its really safe



dippersgirl



Joined: 04/05/2010
Posts: 795

Message Posted:
21/02/2012 15:19

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Message 6 of 25 in Discussion

I agree, their charges are a lot less than the banks, really easy to do. they guide you through it. It's also good for birthday and other money presents!!



Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
21/02/2012 15:25

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Message 7 of 25 in Discussion

Thank you thats helpful



yrret


Joined: 17/08/2010
Posts: 761

Message Posted:
21/02/2012 18:51

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Message 8 of 25 in Discussion

Give the prson in the UK a Turkbank cash card, you don't have to be a customer to have one.

The person here pays the rent onto the card every month, costs 5tl, the pserson in the UK can take the cash out of the hole in the wall, costs 5tl or can spend the money the same as a bank card with no charges.



Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
21/02/2012 18:59

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Message 9 of 25 in Discussion

Thats interesting too can they use any cash machine in the uk or only a Turk bank one?



yrret


Joined: 17/08/2010
Posts: 761

Message Posted:
22/02/2012 07:38

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Message 10 of 25 in Discussion

Virtually all uk cash mc/'s

It operates under the 'visa' system



Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
22/02/2012 08:09

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Message 11 of 25 in Discussion

Thanks very much.



fiendishpaul


Joined: 18/05/2008
Posts: 1720

Message Posted:
22/02/2012 08:36

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Message 12 of 25 in Discussion

Hi Yrret



Re the Turkbank card. Is there a limit as to how much you can put on to it ??



I assume you just go into Turkbank to apply for one ??



Thanks



Paul



yrret


Joined: 17/08/2010
Posts: 761

Message Posted:
22/02/2012 09:08

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Message 13 of 25 in Discussion

To be honest Paul, not sure, though I think not.

We use it to efectively take cash back to the UK, and use it in the supermarkets, for petrol etc as it's safer than cash in one way, but if yo drop it, it is as goos as cash to theperson that finds it as your only sign for it, no chip and pin.

We only take a few hundred, so didn't matter to use.



You can also have currency cards, they do a USD one, not sure what others, u and TL I would imagine.

Be careful with currencies though as there are conversion charges if you don't have the right currency on the card, and for some it's converted to USD first so check no double charges.



Jo in Alsancak TB sorted ours out, easy to use, not so easy to check the balnace, you need to email the bank, but if you keep a running tab, and of course all the reciepts to check of the statement later not a problem.



suehowlittle


Joined: 31/10/2010
Posts: 1202

Message Posted:
22/02/2012 09:10

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Message 14 of 25 in Discussion

Think Paypal is best. Not at all complicated to do and receipted all the way



TopTen


Joined: 15/04/2009
Posts: 1246

Message Posted:
22/02/2012 13:46

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Message 15 of 25 in Discussion

The paypal method would that allow me to transfer monies from a uk bank account to my account over here in the TRNC ?



suehowlittle


Joined: 31/10/2010
Posts: 1202

Message Posted:
22/02/2012 14:10

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Message 16 of 25 in Discussion

Go onto Paypal's website and get the information. I do not foresee any problems with it. I think the Banks here are classed as Turkish (Mersin 10) and Turkish people use Paypal without any problems.



TopTen


Joined: 15/04/2009
Posts: 1246

Message Posted:
22/02/2012 15:11

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Message 17 of 25 in Discussion

Have looked on Paypal's website but not sure how with just an email address it gets into your account or am I having a senior moment!!!!!



TopTen


Joined: 15/04/2009
Posts: 1246

Message Posted:
22/02/2012 15:18

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Message 18 of 25 in Discussion

Just found out how it works will try it out thanks all



hattikins


Joined: 17/02/2008
Posts: 2793

Message Posted:
22/02/2012 15:24

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Message 19 of 25 in Discussion

Would Paypal work in the same way for sending cash to Australia for the likes of Christmas and Birthdays.



Pippie


Joined: 02/12/2009
Posts: 1288

Message Posted:
22/02/2012 22:18

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Message 20 of 25 in Discussion

Paypal charge 3.4% to receive money, it's free to send.



Does anyone know, is it possible to have a Turk Bank card for someone to pay money on to in the UK and then draw it out over here?



suehowlittle


Joined: 31/10/2010
Posts: 1202

Message Posted:
22/02/2012 22:23

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Message 21 of 25 in Discussion

hattikins, just 10 minutes ago I sent my grandson who has just moved from Aus. to Thailand 50 via Paypal for his birthday on Friday. It's brilliant and so easy to do. (And so secure) As long as they have opened a Paypal account and have a bank account there will be no probs.



yrret


Joined: 17/08/2010
Posts: 761

Message Posted:
23/02/2012 07:16

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Message 22 of 25 in Discussion

#20

There are loads of these available, ATM cards, you can have second cards on accounts, but be ver careful of the exchange rates you get, they will be at UK rates, and pretty poor compared to what is available locally.

If you use HSBC you can draw sterling.



A mate of mine did however have a similar card from on of the UK banks for his daughter when she was overseas, not sure what bank but they are available, but again, watch the conversion rates.



Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
23/02/2012 08:02

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Message 23 of 25 in Discussion

Just found this http://www.monysafecard.com



jacko


Joined: 20/11/2007
Posts: 193

Message Posted:
23/02/2012 11:05

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Message 24 of 25 in Discussion

hi

i have used this service several times and it is cheap.



Send small amounts for 99p. You can send up to 2,500 for 99p with Travelex's SendMoneyNow service.



Also there is a site called http://www.fxcompared.com who gives you the best transfers rates and charges for the country you wish to transfer from and to.



jacko


Joined: 20/11/2007
Posts: 193

Message Posted:
23/02/2012 11:26

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Message 25 of 25 in Discussion

sorry i put wrong details for travlex you need to go into http://www.travelex.co.uk/uk/send-money-now.aspx

i have tried to go back to the site today for this service but travel ex are doing more work on it and it will be running again very soon. they also offer a visa card service that can be used at ATM machines



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