High bank charges sending money to Portugal

Portugal Finance, Currency, Insurance & Taxes High bank charges sending money to Portugal

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  • #120550 Reply
    tampipe

    Hello All,
    I’m buying an apartment in Albufeira and was horrified by the bank charges and their rates when I asked about sending money to Portugal. Can anyone advise me on the best way to send money to Portugal?

    Cheers
    John

    #120554 Reply
    tinkerne

    Banks are getting better, but still not the best way to send money overseas.

    I would recommend using foreign exchange specialist. There are loads of them out there.

    #120555 Reply
    tinwriting

    We used these guys http://www.hawkfx.com.

    They helped me protect the cost of my property by locking in the exchange rate for the balance payment.

    I also got an excellent rate on the deposit payment.

    Saved me over £2,700.

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