Go Back  Fodor's Travel Talk Forums > Destinations > Europe
Reload this Page >

International wire transfer or intl money order or??

International wire transfer or intl money order or??

Jul 14th, 2010, 06:10 PM
  #21  
 
Join Date: Aug 2006
Posts: 96
I opened an XE account to rent a place in Brittany. They wanted the bank draft in pounds because the agent was located in England. It was very easy to open an account. There was no extra fee for the service, the cost was covered by the exchange rate difference, which I thought was competitive. My bank does allow electronic funds transfers so that helped speed the process. I set up the account in a "few" minutes and they mailed the draft out within a couple of days. It took about a week maybe to get to the owner. Very easy, inexpensive and I got to do something new!
AZKathy is offline  
Jul 14th, 2010, 11:35 PM
  #22  
 
Join Date: Feb 2003
Posts: 1,324
Here is a link for anyone thinking of using a debit card . We've discussed it at length here. OOps, can't get it now, please click on my name and it will be there, somewhat down the list I would think.
We always do this now and it works great and is definitely the cheapest way to send money, with no problems so far.

I do not send the pin with the card, nor put more than $20 in the account before they receive the card. When they receive it and send me an email telling me so, I transfer the money in and give them the pin in the email...which takes about half a minute to do. It's worked like a charm every time I've done it and I think the landlords like it as well because they incur no fees either.
susanna is offline  
Jul 14th, 2010, 11:48 PM
  #23  
 
Join Date: Feb 2003
Posts: 1,324
Here is the link:
http://www.fodors.com/community/euro...s-overseas.cfm

The other thing I do is not have it be a debit/credit card, only a debit card to that account.
susanna is offline  
Jul 15th, 2010, 06:41 AM
  #24  
 
Join Date: Sep 2006
Posts: 1,754
After checking with all the banks in my small city I couldn't find one that would do a draft. Maybe in a bigger city they can do it but I got a lot of weird looks when I asked about them too.

I emailed the owner back to ask about any other options including sending cash. I don't know why he won't do a wire transfer but it's not an option. He is being very kind and letting us pay cash in € on arrival.

My headache is now gone and my mom and the kids are happy because the house has a pool.
trvlgirlmq is offline  
May 3rd, 2013, 08:00 AM
  #25  
 
Join Date: Mar 2003
Posts: 20,469
I think their costs are $19.95 to send one hundred dollars instantly, which actually land in the users bank account.

Is that 20% !!! fee constant?
Michael is online now  
May 3rd, 2013, 08:57 AM
  #26  
 
Join Date: Jan 2003
Posts: 45,617
Well, that's quite the rip-off. We just wired $3,000 from our credit union for $5.00.
StCirq is online now  
May 3rd, 2013, 09:28 AM
  #27  
 
Join Date: Mar 2003
Posts: 20,469
We just wired $3,000 from our credit union for $5.00.

Just curious. How close to the daily quote was your exchange rate?
Michael is online now  
May 3rd, 2013, 09:43 AM
  #28  
 
Join Date: Jan 2003
Posts: 45,617
I think it was 1.25% (but it's the World Bank Group credit union and they get reamed if they don't have the very best rates around). They also have a daily wire transfer limit per customer of $20,000 (!!!), which I believe is far different from most banks (my regular bank won't let me send more than $1,000 in a day).
StCirq is online now  
May 3rd, 2013, 10:53 AM
  #29  
 
Join Date: Mar 2003
Posts: 20,469
So you wired euros and not dollars, otherwise you are at the mercy of the French bank which does the conversion.

I'm asking the question because readers should be aware that with transfers there are two costs involved: 1. the charge for the transfer itself; 2. the conversion rate used.
Michael is online now  
May 3rd, 2013, 11:04 AM
  #30  
 
Join Date: Jan 2003
Posts: 45,617
Oh yes, euros - $3,000 worth, and paid $5.00 on top of that for the transfer.
StCirq is online now  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On


Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy -

FODOR'S VIDEO

All times are GMT -8. The time now is 08:45 AM.