Question on bank transfers to other EU countries?Watch
He thinks it should be free and I must be mistaken because it is the law within the EEC...
"How much will I be charged if I transfer money from my account to an account in another EU country?
You cannot be charged more for transferring money to an account in another EU country than you would be for a transfer between two accounts in your own country.
Charges for different payments do vary between institutions. The only legal requirement is that the charge for a transfer to another EU country must not be more than the domestic charge for the same type of transfer (provided the amount transferred is less than 50 000 euros)."
However both Santander and Barclays, for instance, would seem to state I'd get charged £25 and £15 respectively if I'm not misunderstanding their charges/fees for international transfers?
So which of these is correct?
Good luck with those cowboys.
I pay into Europe via FairFX