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UK University Costs & Brexit

  • 06-08-2019 1:24pm
    #1
    turninggreen
    Registered Users Posts: 74 ✭✭


    Hi All,

    Just looking for some advice. My daughter heading to university in UK. She has to pay fees and rent in installments between now and next Feb. With Brexit approaching would she be better off to transfer all her money to a UK sterling account now or hold off and transfer as needed.

    Also what is the cheapest/best method to transfer from euro a/c to sterling a/c.

    She has a revolut card with uk bic/iban.

    Thanks in advance.


Comments

  • #2
    banie01
    Registered Users, Registered Users 2 Posts: 16,867 ✭✭✭✭banie01


    Revolut is the cheapest way.
    You can hold balances in Multiple Currencies and transfer between those at market rates.
    It also comes with a Euro IBAN and a separate £ account so can be used as a bank account for UK payments and DD.

    Speculation on currency particularly with Brexit is a dice roll.
    That said if the opportunity arose to buy £ at anything above below 1.04 I'd jump on it.

    Revolut can also be set to auto-exchange when a set rate is hit and it gives immediate and very cheap flexibility for currency.


  • #3
    dudara
    Registered Users, Registered Users 2 Posts: 33,518 ✭✭✭✭dudara


    Moved to Banking & Insurance & Pensions

    dudara


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