I live in the UK. I need financial advice about regular twice monthly transfer of about a total of 650 euro payments per month into a UK bank. And advice about transfer of a one off lumps sum of approx. 18000 euro to sterling. Thanks
Yes I kind of knew that info....Obviously the bank rates amongst themselves are similar - but the Tor currency people are much better and don't charge.
What I am after is the process of doing this.
How would it work with a Tor fx etc? DO I set up an account and then how does that go to my ordinary bank?
I have a form to fill in for my pernsion provider with IBAN SwIFT or Bic codes and I know they are for my bank. if I went with Tor etc how would the process work?
So it would be best to go with a company like this for both one off larger payment And regular monthly payments of a smaller amount??
Also I'm wondering about filling up the claim form for the payments. They have IBAN and Swift Bic etc on them - and I know I can get those from my personal high st bank - Halifax.
What I'm wondering is about my claim form -
would the Tor account number be going on there now? Do you know? Is it that I get Tor account and put that on my form and then THEY send to Halifax? Or What
Surely the bank would be much worse for a lump sum - their exchange rates are much worse?
"Yes, as per my belief, your Tor (or other such vendor's account) should appear on the claim form, I am not very sure, but it should be there"
Sorry but I am unclear about what you mean! How do you mean it 'should be there'???
I really don't feel I know anymore than when I first asked ...
Please verify for me:
ARE bank exchange rates for a lump sum much worse than one of these Tor type accounts? I mean the net result for a larger sum?
Can you please verify if the process means the money goes to the foreign currency account first? And then goes on to the bank?
I really wanted to know this and have this verified.
Its not a Halifax form. I'm talking about a government form -they are the ones I am claiming from and I need to input bank details
I am awaiting other advice.