Payment in Euros to a German bank account

I am renting a chalet in Bavaria in November. I have been asked to
deposit a certain sum in Euros into the Chalet agent's bank account and
I have been given the bank account details. This sum is a deposit for
the chchalet rental.

Which would be the best way of going about this? Would my own bank be
able to arrange the transfer?

JPG

"JPG on Google cos' Agent's bust" <j_peasemold_gruntfuttock@m> ha
scritto nel messaggio
news:1161180376.333469.322410@i42g2000cwa. o...
>I am renting a chalet in Bavaria in November. I have been asked to
> deposit a certain sum in Euros into the Chalet agent's bank account and
> I have been given the bank account details. This sum is a deposit for
> the chchalet rental.
>
> Which would be the best way of going about this? Would my own bank be
> able to arrange the transfer?
>
> JPG
>

of course yes

pls note that in Euroep we have two special bank codes

IBAN

BIC

every form of money transfer will be much cheaper if you have these two
codes.

Yr German partner will for sure give you these two codes.

It is normal to use these two codes .. and much cheaper
Money transfer will require in this form a couple of days

Following up to "tile" <supertile@libero.it> :

>IBAN
>
>BIC
>
>every form of money transfer will be much cheaper if you have these two
>codes.

Only for international transfers between Euro bank accounts within the
"Euro Zone", when the charges should be the same for national transfers.
If the sender has a sterling bank account in the UK they'll have to pay the
"normal" extortionate fees.
--
Tim C.

FWIW, my Nationwide Flexaccount incorporates the facility for 'SWIFT'
international transfers and I've used this quite a few times to credit
overseas bank accounts in non-sterling currencies, with very smooth and
efficient results. They charge a flat fee of £20 irrespective of the
transaction value, which IMHO ain't too bad for biggish sums of money.
Alternatively, Paypal is quite handy and absolutely instantaneous and
convenient for smaller amounts, but your chalet agents may not be
signed-up with them and their charges are proportionate to the
transaction value and can be inordinately steep.
HTH David



JPG on Google cos' Agent's bust wrote:
> I am renting a chalet in Bavaria in November. I have been asked to
> deposit a certain sum in Euros into the Chalet agent's bank account and
> I have been given the bank account details. This sum is a deposit for
> the chchalet rental.
>
> Which would be the best way of going about this? Would my own bank be
> able to arrange the transfer?
>
> JPG

"Tim C." <tim.challenger@aon.at> wrote in message
news:g4ecj292k0e636voht60ah6f0dgvu0vqkl@...
> Following up to "tile" <supertile@libero.it> :
>
>>IBAN
>>
>>BIC
>>
>>every form of money transfer will be much cheaper if you have these two
>>codes.
>
> Only for international transfers between Euro bank accounts within the
> "Euro Zone", when the charges should be the same for national transfers.
> If the sender has a sterling bank account in the UK they'll have to pay
> the
> "normal" extortionate fees.

The first poster is correct. I get better rates for using the IBAN for
sending Euro payments to Korea from a UK sterling account.

Colin Bignell

"David" <NUFFSNUFF@> ha scritto nel messaggio
news:1161188940.296076.203510@m73g2000cwd. o...
FWIW, my Nationwide Flexaccount incorporates the facility for 'SWIFT'
international transfers and I've used this quite a few times to credit
overseas bank accounts in non-sterling currencies, with very smooth and
efficient results. They charge a flat fee of £20 irrespective of the
transaction value, which IMHO ain't too bad for biggish sums of money.
Alternatively, Paypal is quite handy and absolutely instantaneous and
convenient for smaller amounts, but your chalet agents may not be
signed-up with them and their charges are proportionate to the
transaction value and can be inordinately steep.
HTH David



JPG on Google cos' Agent's bust wrote:
> I am renting a chalet in Bavaria in November. I have been asked to
> deposit a certain sum in Euros into the Chalet agent's bank account and
> I have been given the bank account details. This sum is a deposit for
> the chchalet rental.
>
> Which would be the best way of going about this? Would my own bank be
> able to arrange the transfer?
>
> JPG


a normal fee in Europe is about 1 to 3 eur per transaction.. and does not
depend on the amount of money involved.
Using Iban and Bic enables Banks to process everything
with computers

directly from yr account to another account.
actually.. if you had what we call HOMEBANKING
you could make money transfers yrself.

"nightjar .uk.com>" <nightjar@<insert my surname here> wrote in message
news:5rOdnR05QugMwavYRVnyrA@giganews.com...
>
> "Tim C." <tim.challenger@aon.at> wrote in message
> news:g4ecj292k0e636voht60ah6f0dgvu0vqkl@...
>> Following up to "tile" <supertile@libero.it> :
>>
>>>IBAN
>>>
>>>BIC
>>>
>>>every form of money transfer will be much cheaper if you have these two
>>>codes.
>>
>> Only for international transfers between Euro bank accounts within the
>> "Euro Zone", when the charges should be the same for national transfers.
>> If the sender has a sterling bank account in the UK they'll have to pay
>> the
>> "normal" extortionate fees.
>
> The first poster is correct. I get better rates for using the IBAN for
> sending Euro payments to Korea from a UK sterling account.

My own experience is without the IBAN, the money doesn't get
there.

Not sure if this is a charge or not.

tim

Following up to "nightjar" <nightjar@<insert my surname here>.uk.com> :

>
>"Tim C." <tim.challenger@aon.at> wrote in message
>news:g4ecj292k0e636voht60ah6f0dgvu0vqkl@.. .
>> Following up to "tile" <supertile@libero.it> :
>>
>>>IBAN
>>>
>>>BIC
>>>
>>>every form of money transfer will be much cheaper if you have these two
>>>codes.
>>
>> Only for international transfers between Euro bank accounts within the
>> "Euro Zone", when the charges should be the same for national transfers.
>> If the sender has a sterling bank account in the UK they'll have to pay
>> the
>> "normal" extortionate fees.
>
>The first poster is correct. I get better rates for using the IBAN for
>sending Euro payments to Korea from a UK sterling account.

Really? I didn't know that. That might be a bank thing. It doesn't
necessarily work for every bank as transfers from UK sterling to Austrian
Euro and the other way aren't cheaper ime. Well, they might be cheaper (I
can't say) but are significantly more expensive than transfers within Euro
land.
So the correct answer is "...SOME forms of money transfers ..."
--
Tim C.

tile wrote:

> directly from yr account to another account.
> actually.. if you had what we call HOMEBANKING
> you could make money transfers yrself.

Only nationally if you're outside the Eurozone. My bank, a purely
Internet bank with a call centre if necessary, won't do international
transfers over the Web.

Remember to send the reference number the German organisation give you,
or the payment will get lost. (This was in the past not obvious to
British people because the capability to send it on a simple
inter-account transfer wasn't always made clear).

It's worth noting that, in Germany, many payments of bills, deposits
and other things that aren't paid in person are paid this way - much
more so than in the UK, where it tends to be used mainly for payment of
bills and cheques (spit) are still common for personal payments.

Neil

"Tim C." <tim.challenger@aon.at> wrote in message
news:2o6ej2d64o1fkpn4463lc29h563enp6cgo@...
> Following up to "nightjar" <nightjar@<insert my surname here>.uk.com> :
>
>>
>>"Tim C." <tim.challenger@aon.at> wrote in message
>>news:g4ecj292k0e636voht60ah6f0dgvu0vqkl@. ..
>>> Following up to "tile" <supertile@libero.it> :
>>>
>>>>IBAN
>>>>
>>>>BIC
>>>>
>>>>every form of money transfer will be much cheaper if you have these two
>>>>codes.
>>>
>>> Only for international transfers between Euro bank accounts within the
>>> "Euro Zone", when the charges should be the same for national transfers.
>>> If the sender has a sterling bank account in the UK they'll have to pay
>>> the
>>> "normal" extortionate fees.
>>
>>The first poster is correct. I get better rates for using the IBAN for
>>sending Euro payments to Korea from a UK sterling account.
>
> Really? I didn't know that. That might be a bank thing. It doesn't
> necessarily work for every bank as transfers from UK sterling to Austrian
> Euro and the other way aren't cheaper ime. Well, they might be cheaper (I
> can't say) but are significantly more expensive than transfers within Euro
> land.
> So the correct answer is "...SOME forms of money transfers ..."

The scale of bank charges has always been a 'bank thing' and it has always
been worth shopping around for the best deals to suit your expected use. It
is BTW also true to say that some money transfers are free of charge. I can
transfer money between my UK bank and my French bank, both branches of the
same bank, without any bank charges or currency conversion fees. If I stock
up when I'm in France, that makes it the best way for me to get Euro.

Colin Bignell

Colin Bignell