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Transferring money from home country to buy a house - best way to do it? (alien.top)

submitted 11 months ago by DesignerBaker5304@alien.top to c/digitalnomad@expats.zone

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Hey nomads,

So i've bit the bullet and decided to settle down in the country i've been working in. I'm looking to buy a home and need to move my money from the UK. I've been currently using Wise for the last 4-5 years and have not had any problems but i've only transferred like 10k gbp max but i've read the horror stories of wise blocking accounts and having money stuck for months. Any suggestions? Thanks in advance.

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[–] LaoWai01@alien.top 1 points 11 months ago (1 children)

I’ve done wire transfers, 15-20k at a time, between countries. Assuming you have a bank account in the destination country see if you can open a new account in GBP and wire the money there. Let them know what you’re going to do in advance.

[–] DesignerBaker5304@alien.top 1 points 11 months ago

Thanks for the reply. Would bimonthly transfers be ok do you think? I need to move a fair amount before my rental runs out. Lol.