02 Jan 2007 4:37 PM:
In November I made lump sum payments through Hifx but they took much longer than they should have done to send them across. They were meant to have all been transferred by the 24th but after a lot of chasing the last one went on the 27th with the money needing to be in Spain on the 30th. The excuse given was a new computer system. The final payment thankfully arrived on the day of signing accompanied by a few more grey hairs.
I also investigated arranging monthly payments through Hifx and although they can fix the rate for a year they could only offer me around 1.35. Moneycorp however gave me just under 1.43 which still works out cheaper than Hifx even allowing for their £4 per transfer charge. As it only starts this month I can't give a recommendation yet on their service.
Thread:
Don't use your bank!
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