Getting cash abroad
peter green email (remove spam text)
> Paypal seems to me to be an expensive way to move money. Do
> I have a wrong impression?
It depends on how much money, when I enquired about an international
bank transfer (uk-germany) there was a flat fee (arround a tenner IIRC)
for all transactions up to a fairly large ammount (£10k or so iirc). I
don't know how favourable the exchange rate was but I would expect it to
Paypal has a much smaller upfront fee but takes a relatively high
percentage fee. Therefore it is a decent choice for small transactions
but bank transfers would probablly become cheaper past a few hundred pounds.
This will almost certainly vary depending on the banks and currancies
you are dealing with.
However you move money arround I would think a local bank account would
be pretty damn important to allow you to make your day to day
transactions without unacceptable fees (keeping large ammounts of cash
seems unwise to me).
In reply to: <429301c8e65a$94c0fd60$e701a8c0@y2k>
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