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nightjar nightjar is offline
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Default Buying from abroad?

On 10/05/2015 18:53, harryagain wrote:
"alan_m" wrote in message
...
On 10/05/2015 20:31, Nightjar "cpb"@ wrote:
On 10/05/2015 19:35, gareth wrote:
Can one issue a cheque specifying Euros from a Brit bank account, and,
if
one
does, is one loable to receive a hefty fee from one's local bank?

You would need a Euro bank account to do that, which I assume you don't,
or you probably wouldn't be asking.

You can usually pay by bank transfer. For this, you will need the full
name and address of both the recipient and of their bank, the bank's
Banking Identifier Code (BIC) or SWIFT code and the recipient's bank
account number, or, preferably, their IBAN (International Bank Account
Number).



The trouble with banks is you get a poor rate of exchange plus they make
charges for the service.


A bank transfer ought to be at or near the inter-bank rates, which are
considerably better than the rates you get if buying currency over the
counter. As for charges, it will be a lot cheaper than something like a
letter of credit and, if both accounts are with the same bank, may even
be free.

--
Colin Bignell