• Best way to transfer money from UK

Hi just wondering what is the best way to transfer money from an English bank account. I need to put money in regularly for my son who is studying in the Netherlands. Any advice greatly appreciated!

    If your UK bank can do a SEPA transfer in euros, you could do just that. Make sure you transfer it in euros because bunq only accepts euro payments.

    If not, a transfer service like TransferWise will probably be the best way for you to go.

      Don't even think about transferring direct from a standard UK bank account - you will get totally ripped off.

      I would recommend sending GBP to Transferwise (you could open an account in your name or your son's). You can then convert it to EUR and do a SEPA payment into a bunq account. You can do the same thing via Revolut, but their customer service is very dodgy, even though they are cheaper during the week.

        @Petervdv#34754 Sepa from a UK account will be very expensive, both fee and exchange rate

          @Ruth-Red-Jaguar#34723 Maybe also bear in mind that a SEPA transfer is not instant - easily could be next day. I would open a Transferwise account and do a trial run with eg £5 to get a feel for it and make sure it gets to bunq ok before moving larger amounts - just because I'm cautious!

            Ok thanks! I've had to make several payments already using sepa and it's costing me a fortune! I've had a look at transferwise and it seems much more reasonable. It looks as though I can do a small amount as a trial so I'll give that a whirl. Thanks so much for the help.

              @Ruth-Red-Jaguar#34766 It's really straightforward after you've had a go and should be prefect for what you need. No more getting ripped off!

                Transferwise.
                Check out their borderless accounts.

                  Just go with transferwise they are great. I don’t know any other way I move money around as quickly and cheap as with transferwise. I use it to sent money from Germany to Russia and in 9 out of 10 Times the transfer is done in the same day if you do it early in the day. You get best exchange rate possibly and probably the lowest fees.

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