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Old 31st May 2008, 07:44 AM
Bevdeforges Bevdeforges is offline
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Quote:
Originally Posted by stanford View Post
I wonder whether having the same bank in UK and France would cut down on charges??
I can answer that one - and the answer is no. HSBC exists in both the UK and France but because the banks are covered by national banking law, there is no break on the transfer. Citibank exists in most countries these days, but again, the branches in the different countries are covered by different law and so it really doesn't get you any break from one country to the next.

You may want to look into an account at La Poste (French Post Office) as I am told that their fees are generally pretty low in comparison with most other banks here in France. Not sure if/how they handle wire transfers, but if you don't ask you won't find out. And, once your money is in a French bank, you only have to write a cheques to move it to another account. Transferring between banks runs up big fees unless you just write a check to yourself and deposit it wherever you want it. And, in France (at least so far) cheques are free to have printed up and to use.
Cheers,
Bev
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