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Expat Transferring Money


james chandler

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Hi James,

 

Use a specialist foreign exchange company, they will often do much better rates than the bank.

 

A little tip, don't take their first offer as they will have room to move on the rate. Call a two or three and play them off each other, the savings can add up if your moving a large amount.

 

I've used Moneycorp before, but there are plenty out there.

 

Cheers!'

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Hi James,

 

We live in Hong Kong and have a Premier Account with HSBC in both HK and the UK. Transfers between those accounts are free and the rates are good. Obviously I have no idea who you bank with, but perhaps with Dubai being such an international city, using a bank (hopefully your own) would be much easier and cheaper than going through a FOREX company. 

 

Congratulations on your first property.

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