Best way to move Funds from Canada to the UK?

[uuf361]

Need to move the proceeds of an estate from Canada back to the UK shortly, in one lump sum of around C$250k.

Any recommendations for companies to use to do this?

Quick Google found some like Transferwise, and commission rates around 0.4% - seem OK/

[matt666]

I use TransferWise every 6 months to get the proceeds of an employee stock purchase plan out of the US and in to my UK bank account.

The amounts are much smaller than what you’re talking about, but it works really well

[arguti]

I always deal with Chris Canning at Argentex https://argentex.com

He is always on the end of the phone or email and if away, one of the team picks up within minutes.

Faultless and great service.

[mikeiow]

matt666 said:

I use TransferWise every 6 months to get the proceeds of an employee stock purchase plan out of the US and in to my UK bank account.

The amounts are much smaller than what you’re talking about, but it works really well

I've used transferwise: works just fine!
One thing I would do on that sort of sum....is road test the mechanism first with a tiny amount!
& Transferwise does take some time to appear - in my case (also stock plan transfers), a couple of days, IIRC

[Marcellus]

I use World First for currency movements, funds often back same day, might help that it's UK bank (albeit in CAD$) to UK bank (in GBP) and clsoe to interbank rate!

[uuf361]

Thanks for the suggestions. I do plan to do a smaller test amount first to ensure it all works before committing to the bigger sum.

[Noblebenn]

Chris Canning - Argentex

[ctdctd]

I've used TransferWise or Tranzfers (now OFX.com) for funds to Canada or NZ without problems.
Haven't had to use them the other way round though.

Set up an account with both and do a test transfer to check it all works.
Then, I'd do the bigger transfer in two or three lots (just in case!) with whichever one offers the best rate on the day.

[ringram]

Check rates. Ive found ukforex.co.uk give best rates. For that amount give them a call and ask what rate they can give you. (They put me on a better rate level)

Ive transferred a similar amount with them... over time.. zero issues. They are FCA registered as well by the looks.

No fee, just a spread of about 0.5%

[uuf361]

Thanks for all the info and suggestions