I have recently left a contract in the Netherlands due to ill health, and am now living in the UK.
During the time I was working I built up a balance of around €25000 euros in a Netherlands-based ING bank account. I was working as a "temp" not using my Ltd company, so this was all tax-paid money.
When I recovered from my illness (they ended the contract, understandably, after 2 weeks of sickness) I returned to the Netherlands to provide ING with instructions to transfer all the money to my UK Lloyds personal bank account (doing a convert from Euros to pounds conversion of course). But they said this could only be done with internet banking.
To set up internet banking you need a Netherlands mobile phone. You also need to read dutch as the website is only in Dutch.
So I decided to take out half the money as cash (120 €100 bills) and return to the UK.
So my question is: When I go back and get the rest of the balance in cash, and return to the UK, what is the best way of getting €25000 euros in cash into a bank account in the UK without getting excessively stung on cash foreign exchange commissions and exchange rates.
In other words I don't want to have to exchange it all with bureau-de-change type rates, which are wide enough to cause a net loss of over €1000 I recon.
Appreciate this is a bit of a dogs dinner, but there you go.
One idea I already have is to open a HSBC business Euro account, and stuff the euros in there. There is a 1% cash handling fee, but that is OK I think. And I might just leave the money there for the time being.
During the time I was working I built up a balance of around €25000 euros in a Netherlands-based ING bank account. I was working as a "temp" not using my Ltd company, so this was all tax-paid money.
When I recovered from my illness (they ended the contract, understandably, after 2 weeks of sickness) I returned to the Netherlands to provide ING with instructions to transfer all the money to my UK Lloyds personal bank account (doing a convert from Euros to pounds conversion of course). But they said this could only be done with internet banking.
To set up internet banking you need a Netherlands mobile phone. You also need to read dutch as the website is only in Dutch.
So I decided to take out half the money as cash (120 €100 bills) and return to the UK.
So my question is: When I go back and get the rest of the balance in cash, and return to the UK, what is the best way of getting €25000 euros in cash into a bank account in the UK without getting excessively stung on cash foreign exchange commissions and exchange rates.
In other words I don't want to have to exchange it all with bureau-de-change type rates, which are wide enough to cause a net loss of over €1000 I recon.
Appreciate this is a bit of a dogs dinner, but there you go.
One idea I already have is to open a HSBC business Euro account, and stuff the euros in there. There is a 1% cash handling fee, but that is OK I think. And I might just leave the money there for the time being.
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