Money Transfer from UK to Poland

Hi Folks

Really appreciate your help on this one. I have £4150 to transfer to a friend in Poland, which will be going to a polish bank account (trf into polish Złoty). Can anybody tell me the cheapest & most reliable way to make a one off money transfer, also getting the best rate available?

Many Thanks
Jean

I have used CurrenciesDirect.com and have had no reason to complain

Tell your friend to open an account in British Pounds. He can then get the cash out in British Pounds and the transfer should be free too.

Thanks for taking the time to help :-)

I use Currency Solutions and get very good rates from them (much better than a bank will give me for drawing cash out of an ATM for example), but as it's a reasonable sum of money you should ring round some other currency dealers and do some haggling.

Thanks inkrakow :-) do you recommend any i should phone?

If you use your bank you will have a one off charge of approx £30 to do the transfer to a polish bank account if you want the currency exchanged prior to transfer into zloty then you will get charged approx. £22 for that privledge.

You may find that your bank gives you a worse rate than specialists like the two already mentioned, but it's worth checking.

i used [england.pl/money.htm] this little company only costs a fiver to transfer any amount of money you wish (there is probably a limit though ;), very quick and reliable.

Thanks JustysiaS :-)

Has anybody tried using a Prepaid Mastercard account to transfer money abroad or vice versa?

2 (or more) cards are linked to the same account and enable either person to withdraw cash at ATMs or make normal Mastercard purchases - dead easy.

I have used the facility in Spain and it works well and is so much cheaper than Western Union.

The explanation can be found on workerspayments.co.uk/e3.htm

Regards Bev

Thread attached on merging:
How do i send money back to Poland from the UK?

Hi,

What is the best way to send money back to Poland from UK... i want it to be cheap with no charge and a good interest rate and quick...

how do other people do it?

Thank you

Michelle

If you use the search box you will see a few threads on this. Partly depends on the amount too. If it's a few thousand pounds or so then normally a currency broker is the way to go.

A lot of people using easysend.pl - £5 fee