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Pensions from UK

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Pensions from UK

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Message posted by John and Hilary on 06�February�2005 at 5:03pm - IP Logged Legal Disclaimer

John and Hilary

Corfu

Hi All , can anyone give any advice on the best way to get UK private pensions paid into Alpha bank account with the best exchange rate ??

Or is it better to have pension paid into UK bank then transfer once or twice a year? [ any tax angles to consider ? ]We really are new to all of this and are trying to cover all angles before we finally decide to go for it. Help is appreciated.......thanks

Message posted by Terry and Julia on 06�February�2005 at 7:26pm - IP Logged Legal Disclaimer

Terry and Julia

Corfu

The other option is to keep it in your UK account and draw it out over here whenever you want it. You won't get transfer charges but obviously a poor exchange rate. Most banks also charge for the service but I think if you use a Nationwide current account then you won't. It might be worth looking into.

Just a suggestion to make your options more complicated.

Julia

Message posted by kevalino on 06�February�2005 at 8:51pm - IP Logged Legal Disclaimer

kevalino

Corfu

Hi John & Hilary,

I use xe.com to exchange money for Europe & USA. I find their system easy & reliable. My immediate plan is to go for the exchange/transfer probably a couple of times a year. The wire transfer charges are too high to make monthly transfers. Never considered the option of just drawing cash from the UK account because I think you just get tourist rates but will now do some figures to see which is the best option.

Kev.

Message posted by Alparrot on 09�February�2005 at 9:36am - IP Logged Legal Disclaimer

Alparrot

Corfu

Hi John & Hilary,

Just having returned from Corfu, we were pleasantly surprised at the good exchange rate obtained when drawing cash out by card from ATMs. Both Abbey National & Norwich & Peterborough gave a rate of 1.44 which is far better than tourist rates. We find the same when transferring from Norwich & Peterborough to Alpha (This week also returned 1.44 with a �25 charge).

Message posted by MCH on 09�February�2005 at 10:15am - IP Logged Legal Disclaimer

MCH

Corfu

Julia is right about the Nationwide Flex account, you get your money out of the ATM in Corfu, the exchange rate is the interbank rate sometimes called visa rate, which is alot better than the tourist rate, and their are no commission charges, some banks charge upto 4.75%,

MCH

Message posted by doug on 13�February�2005 at 12:02am - IP Logged Legal Disclaimer

doug

Corfu

I have always received a better rate than the tourist rate when withdrawing money via the ATM's,but get a small charge from the bank.

I will be having my money paid into a Uk bank account then withdrawing it out either monthly or bi-monthly as required.

Doug

Message posted by MCH on 13�February�2005 at 12:12am - IP Logged Legal Disclaimer

MCH

Corfu

Check Nationwide Doug they do not charge,

MCH

Message posted by raine on 13�February�2005 at 7:07pm - IP Logged Legal Disclaimer

raine

Corfu

Nationwide don't charge but the bank that 'owns' the ATM often do.

Raine

Message posted by malton on 14�February�2005 at 4:50pm - IP Logged Legal Disclaimer

malton

Corfu

We have opened a euro bank acount and in 4 years have never been charged a euro when we withdraw money we go to the machine at A & B supermarket or euro bank we even get intrest on the money and transfer once or twice a year when the rate is good or at it,s best

Message posted by MCH on 14�February�2005 at 5:02pm - IP Logged Legal Disclaimer

MCH

Corfu

Never been charged in Greece Raine,

MCH

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