Transfer euros to pounds
Jul 7th 2011 | 12:48 am
#1
Thread Starter
Started off with nothing
Joined: Feb 2009
Posts: 4,987
Transfer euros to pounds
I am looking to exchange 200,000 euros from spain.
My bank in spain will charge 0.5% to convert to £ @ 1.12 i.e. £169642.84. If I made the transfer in euros my bank in spain there would be no charge.
LTSB tell me they would charge me £7.00 @ 1.1136 i.e. £176,049
RBOS tell me they would charge me £8.00 @ 1.1064 i.e. £180,758.44
Seems to good and I asked both banks what they would charge to convert. Both said they THOUGHT that there would be no other charges.
EX.com quote @ 1.1259 is £177,635.66
The exchange rates are at the time I called and subject to change.
The quote from RBS seems to good to be true and I would appreciate any advice
My bank in spain will charge 0.5% to convert to £ @ 1.12 i.e. £169642.84. If I made the transfer in euros my bank in spain there would be no charge.
LTSB tell me they would charge me £7.00 @ 1.1136 i.e. £176,049
RBOS tell me they would charge me £8.00 @ 1.1064 i.e. £180,758.44
Seems to good and I asked both banks what they would charge to convert. Both said they THOUGHT that there would be no other charges.
EX.com quote @ 1.1259 is £177,635.66
The exchange rates are at the time I called and subject to change.
The quote from RBS seems to good to be true and I would appreciate any advice
Jul 7th 2011 | 12:58 am
#2
Joined: Jun 2011
Posts: 12,053
From: In the middle of 10million Olive Trees
Re: Transfer euros to pounds
I am looking to exchange 200,000 euros from spain.
My bank in spain will charge 0.5% to convert to £ @ 1.12 i.e. £169642.84. If I made the transfer in euros my bank in spain there would be no charge.
LTSB tell me they would charge me £7.00 @ 1.1136 i.e. £176,049
RBOS tell me they would charge me £8.00 @ 1.1064 i.e. £180,758.44
Seems to good and I asked both banks what they would charge to convert. Both said they THOUGHT that there would be no other charges.
EX.com quote @ 1.1259 is £177,635.66
The exchange rates are at the time I called and subject to change.
The quote from RBS seems to good to be true and I would appreciate any advice
My bank in spain will charge 0.5% to convert to £ @ 1.12 i.e. £169642.84. If I made the transfer in euros my bank in spain there would be no charge.
LTSB tell me they would charge me £7.00 @ 1.1136 i.e. £176,049
RBOS tell me they would charge me £8.00 @ 1.1064 i.e. £180,758.44
Seems to good and I asked both banks what they would charge to convert. Both said they THOUGHT that there would be no other charges.
EX.com quote @ 1.1259 is £177,635.66
The exchange rates are at the time I called and subject to change.
The quote from RBS seems to good to be true and I would appreciate any advice
XE.COM are quoting 178,704.08 GBP
Jul 7th 2011 | 1:05 am
#3
Thread Starter
Started off with nothing
Joined: Feb 2009
Posts: 4,987
Re: Transfer euros to pounds
Thanks for your prompt response. I thought it too good to be true but I can't see the catch and hence my question to those in the know. Here is the link to RBS site > http://www.rbs.co.uk/personal/travel...#tabs=section2
Quote I got was from XE.com website. I do know exchange rates will fluctuate minute to minute.
Quote I got was from XE.com website. I do know exchange rates will fluctuate minute to minute.
Last edited by missile; Jul 7th 2011 at 1:46 am.
