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Thread: What's the cheapest way to pay in Euros, please?

  1. #1
    Master
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    What's the cheapest way to pay in Euros, please?

    The last time I paid by bank transfer in Euros for a watch in France, Lloyds skinned me with a poor exchange rate and high fees.

    What's the best way to pay in Euros, please? PayPal?

  2. #2
    Master Thom4711's Avatar
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    I've used transferwise in the past with no problems

  3. #3
    Yep Transferwise, I use it a lot. Paypal if you want to benefit from the protection it offers you as a buyer.

  4. #4
    Master
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    +1 for TransferWise.
    Also check out Revolut
    Used them both, and both excellent

  5. #5
    Master inspector gadget's Avatar
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    Transferwise here and no issues so far.

  6. #6
    Craftsman
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    Can you pay by credit card? if so get a Halifax clarity mastercard. You get spot rate and there are no fees on foreign transactions (although interest starts to accrue straight away so make sure you pay off asap).

    Alternatively as has already been mentioned a revolut card is very good but I think there is a limit on the size of transaction you can make at spot rate with no fees.

  7. #7
    Apprentice
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    Quote Originally Posted by Gerald Genta View Post
    Can you pay by credit card? if so get a Halifax clarity mastercard. You get spot rate and there are no fees on foreign transactions (although interest starts to accrue straight away so make sure you pay off asap).

    Alternatively as has already been mentioned a revolut card is very good but I think there is a limit on the size of transaction you can make at spot rate with no fees.
    The Monzo card gets round this with the same benefits but it's a current account, so no interest to pay off

  8. #8
    Craftsman
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    Quote Originally Posted by 87 Others View Post
    The Monzo card gets round this with the same benefits but it's a current account, so no interest to pay off
    I've heard a lot of good things about MONZO, I've just been lazy and yet to look into properly!

  9. #9
    Apprentice
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    Quote Originally Posted by Gerald Genta View Post
    I've heard a lot of good things about MONZO, I've just been lazy and yet to look into properly!
    Very good service, it's my go to card when i'm travelling out the UK.

    Instant transfers from your main account so no need to worry about time delays when topping up.

    And you get a near perfect rate, the app is cracking also.

  10. #10
    Craftsman
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    Jan 2018
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    +1 for Transferwise

    you can also get a card from them in preferred currency if memory serves me right. Monzo uses TransferWise to do their currency exchanges.
    Last edited by Rich; 14th December 2018 at 17:32.

  11. #11
    Journeyman
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    TransferWise, Starling Bank, Revolut, Monzo or if you need a credit card Halifax Clarity are your best options

  12. #12
    Master
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    Used transferwise and can’t fault the service

  13. #13
    I'm a big fan of Monzo, been using them for a long time now. I didn't realise that 0% international fees applied to making personal payments through the app to international recipients; I thought it was for using the card abroad. Good to know.

    Let me know if you want a Monzo invite, we'll get £10 each if you use the code :)

  14. #14
    Grand Master Wallasey Runner's Avatar
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    PayPal.

    I did a Santander international transfer to Germany in Euros this morning and got charged £15 for the privilege.

  15. #15
    Craftsman
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    TransferWise will also tell you comparative rates from several other providers. So, you can see straight away if they are competitive.

  16. #16
    Craftsman
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    Revolut Card... almost get spot price

  17. #17
    Craftsman mark.wilo13's Avatar
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    I agree that TransferWise is the way to go.


    Sent from my iPhone using Tapatalk

  18. #18
    Master
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    Matlock, Derbyshire
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    Another vote for Transferwise. Simple, reliable and you don’t get shafted on the exchange rate

  19. #19
    Journeyman
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    London
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    there exist an italian bank called Fineco, which lets you have accounts in multiple currencies - you can use those for payments.

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