Richard Beddard's blog

I've just posted a request on the forum ( http://www.moneywise.co.uk/forum/everyday-money/banking-and-borrowing/tr... ) in despair at the charges banks levy to transfer money to foreign bank accounts.

We're off to Italy on a grand tour, staying at various B&B's, most of which require a small deposit to confirm the reservation. The standard method is bank transfers but I've been quoted between £8 and £20 which is a significant amount if you multiply it by the number of B&B's or if you compare it to the paltry thirty or forty euros the friendly Italian hoteliers are asking me to transfer.