Re: A kick in the VISA
It takes about 4 hours to transfer € between my UK and Italian bank account, and doesn’t cost a single cent. Transferring £ between UK and Italy takes about 3 seconds and doesn’t cost a single penny.
There’s currency conversion costs to convert between € and £ of about 0.2%. I can do that at either end before or after making the transfer, but that isn’t part of the transfer process.