Fund transfer to Germany
Fund transfer to Germany
Author
Discussion

victormeldrew

Original Poster:

8,293 posts

300 months

Thursday 4th May 2006
quotequote all
I just bought an ECU for my Audi from Germany on eBay, but the buyer only accepts money transfer (or cash on collection, not really an option!). Not strictly a "business" question I know.

Whats the best option for getting the funds transferred? Walk into my Barclays branch and ask them?

hugoagogo

23,427 posts

256 months

Thursday 4th May 2006
quotequote all
you should be able to do a cheap transfer (same cost as a UK transfer) if you get the guys IBAN number and SWIFT code

victormeldrew

Original Poster:

8,293 posts

300 months

Thursday 4th May 2006
quotequote all
I've emailed the seller for his bank details already (thanks Babel Fish!). I just give these details to my bank then do I?

hugoagogo

23,427 posts

256 months

Thursday 4th May 2006
quotequote all
the bank should be able to tell you what to do (or maybe you can do it with online banking)

if he's german, normally they give a konto number (account number) and a BLZ which is 8 numbers, it's the bank sort code, that's good enough for a domestic transfer

ask for IBAN which is a big long number starting with DE, and SWIFT which is a 11 letter code (if it's only 8 letters add XXX to the end)
ask for the name and town of his bank too

khushy

3,973 posts

242 months

Thursday 4th May 2006
quotequote all
PayPal!

ubergreg

261 posts

254 months

Friday 5th May 2006
quotequote all
I just made an eBay purchase from someone in the Fatherland. Apparently, Germans are not at all keen on PayPal, and would only accept a electronic transfer.

I called my bank (HSBC) and they transfered me to the appropriate department who took the recipient's SWIFT and IBAN number, along with their name, and the amount to be transfered. They charged me £9 for the service (though it can cost up to £25, depending on the bank) and the whole process took about ten minutes.

Not as cheap as PayPal, but fairly easy if you decide do it over the phone.

hugoagogo

23,427 posts

256 months

Saturday 6th May 2006
quotequote all
ubergreg said:
They charged me £9 for the service (though it can cost up to £25, depending on the bank) and the whole process took about ten minutes.


good god, it costs me practically nowt and takes a minute on the computer

victormeldrew

Original Poster:

8,293 posts

300 months

Saturday 6th May 2006
quotequote all
hugoagogo said:
ubergreg said:
They charged me £9 for the service (though it can cost up to £25, depending on the bank) and the whole process took about ten minutes.


good god, it costs me practically nowt and takes a minute on the computer
How? Barclays want £20 to do a transfer. Not good on a £38 transaction!

hugoagogo

23,427 posts

256 months

Saturday 6th May 2006
quotequote all
well i'm with a german bank (what with living in germany and all)
all bills and payments are done with these transfers, and the EU says these IBAN and SWIFT ones should cost the same as domestic ones

post me a cheque plus about 3 quid for cheque charges and i'll transfer it for you if you want
(or you can buy the 924 manual off wildoliver that i want for a tenner and slip 28 quid inside it and post that to me )

actually, i have paypal too, you could pay me through that

all this assuming you trust a stranger on the internet

victormeldrew

Original Poster:

8,293 posts

300 months

Saturday 6th May 2006
quotequote all
Hugo YHM!

Cheers mate!

hugoagogo

23,427 posts

256 months

Saturday 6th May 2006
quotequote all
victormeldrew said:
Hugo YHM!

Cheers mate!


YHM2