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Thread: Sending money abroad

  1. #1
    Registered User Missy D's Avatar
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    Sending money abroad

    I was talking to a friend of mine this week who sends her mum money to Cuba each month and was shocked by how much it costs to send and receive. Just wondered if anyone knows a cheaper way of doing this other than by Western Union.


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    Papa Smurf
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    Re: Sending money abroad

    i suppose it depends on the countries - but transfering money between european accounts to British (or vice versa) is simply a case of finding out the IBAN code, and paying a 20euro (£14) fee for the transfer.

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    Registered User Missy D's Avatar
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    Re: Sending money abroad

    I have 3 friends who regularly send money to South America and Israel and they only know of Western Union which seems to be a bit of a rip off to me.

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    Re: Sending money abroad

    As DS says, international transfers are good, fees depends on your bank - I chose mine especially for that and it's 7 pounds.

    I wonder if using paypal would be cheaper ?

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    Re: Sending money abroad

    Moneygram are the other big transmitter (they have a deal with the Post Office), but their fees mostly shadow Western Union. There are others out there but in a lot of cases they operation within the various ethnic communities and you have to somebody within the community.

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    Registered User RedFox's Avatar
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    Re: Sending money abroad

    Quote Originally Posted by Caro View Post
    I wonder if using paypal would be cheaper ?
    Certainly worth investigating....

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    Re: Sending money abroad

    Good grief.

    Find a bank that operates in both countries and set up one account. There'll be exchange rates to account for but otherwise...

    Bank transfers, Western Union and so forth are a) for one-off transfers and b) (for Western Union) anonymity.

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    Papa Smurf
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    Re: Sending money abroad

    this seems to be a good place to start

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    Lovely Moderator ducasi's Avatar
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    Re: Sending money abroad

    Quote Originally Posted by Dreadful Scathe View Post
    this seems to be a good place to start
    Unsurprisingly, that web site doesn't seem to cover Cuba – getting money into Cuba within the terms of the US trade embargo is tricky. Many of the obvious easy options just won't work.

    This Google search should provide a few good leads though...
    Let your mind go and your body will follow. – Steve Martin, LA Story

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