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Transfer money from UK to Sweden

What is the best way to do this?

Peter Thomas
post 19.Mar.2013, 02:33 PM
Post #1
Joined: 31.Jul.2012

I will soon be transferring money from the sale of a flat in the UK to Sweden. I have bank accounts in both countries. I want to know what are the best options, with regards to safety (eg exchange company going bankrupt while money is in transit) and best rates. What experiences have people had? Amount is not huge but around £60k
Thanks in advance
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PDX
post 19.Mar.2013, 02:59 PM
Post #2
Location: Stockholm
Joined: 2.Aug.2011

Open GBP account in your bank in Sweden, transfer your cash to it, then convert at an appropriate time? Seeing the recent development of SEK vs GBP, it may be better to delay the conversion... unsure.gif

~~~PDX~~~
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Essingen
post 19.Mar.2013, 05:30 PM
Post #3
Joined: 2.Nov.2008

Above suggestion is a good idea, even if there might be a charge associated with holding a GBP account.
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Peter Thomas
post 19.Mar.2013, 10:05 PM
Post #4
Joined: 31.Jul.2012

Thanks for the above. I'll look into that.
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