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Bermuda Expat Forum

Transferring money to UK and Euro

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Philparkin

2/14/2016 09:02 EST

I transferred some money (HSBC account to HSBC account) from Bermuda to an account in Malta (BMD to Euros) last month.

As well as paying an up-front fee of $15, I was charged €29.50 'intermediary fee' for this transaction (I was transferring just over $1,000).

Does anyone know of a cheaper way of making BMD to Euro transfers?

Thanks.

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charlieboy747

3/6/2016 06:45 EST

Hi, HSBC do charge a lot. Have been using money Corp more recently and found them good.

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Philparkin

3/9/2016 12:01 EST

Thanks for the tip. I'll check that out.

Phil

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Cunni88

4/23/2016 06:18 EST

Hi, I'm hoping to move to Bermuda in July and was just wondering how easy or difficult it is to transfer money back to the UK

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Philparkin

4/24/2016 07:56 EST

It's a piece of cake. Once you have a bank account set up here, you can do it all online.

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chnkaw001

4/29/2016 05:57 EST

I have been using Transferwise to transfer money. Charges and exchange rates are better.

Basically swiping card to transfer cash.

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