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Post by Deleted on Aug 22, 2016 6:13:40 GMT
Does anyone use these online services to send foreign currency abroad to another bank account. I need to transfer a couple of thousand pounds worth of Israeli shekels monthly for the next year and the bank charges and exchange rates eat into sum.
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Post by Deleted on Aug 22, 2016 9:45:48 GMT
Bear in mind I know nothing about UK/Israel, I do combinations of UK / US / Chile / Brasil.
However, yes they do, but there are dodgy ones also. You are best to use one by recommendation if you can.
Consider also the use of PayPal, pairs of credit cars, ATM cards, etc. etc.
Are you handing the money over to someone, building up a fund for yourself in future, funding something etc. etc. I ask only because it is relevant to the approaches one can use.
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Post by Deleted on Aug 22, 2016 11:31:05 GMT
Quite simple really. Two reasons, but the main one is my son is having an organised gap year and the organisation wants paying in shekels. About £16,000 worth over ten months (I know its a lot but the exchange rate has really messed up the finances, otherwise I would have simply paid via my Israeli bank account and transferred sterling over). The other reason is to get a better exchange rate for the running costs of my apartment there. When I bought it, the rate was £1 = 8.2NIS, now its £1 = 4.85NIS. Its crippling those retirees on a fixed income. Effectively, all prices have gone up by 80% plus inflation.
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Post by Deleted on Aug 22, 2016 12:16:10 GMT
Consider some of these, frequently used in South America; - Give your son a credit card on your UK account and let him pay them while there in shekels.
- Give your son an ATM card on your UK account.
- Transfer money to a Paypal account which your son can draw done on via an Israeli bank
- Find someone in Israel who wants money in Europe.
- Discuss with UK education establishments which provide for Israelis.
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Post by Deleted on Aug 23, 2016 15:16:22 GMT
Thanks. All good suggestions. We also have a Caxton Card with Sterling on it. Might give a reasonable rate.
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