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Transfer euros to pounds

Transfer euros to pounds

Old Jul 7th 2011, 12:48 am
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Default 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
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Old Jul 7th 2011, 12:58 am
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Default Re: Transfer euros to pounds

Originally Posted by missile
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
Then it could be too good to be true

XE.COM are quoting 178,704.08 GBP
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Old Jul 7th 2011, 1:05 am
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Default Re: Transfer euros to pounds

Originally Posted by Domino
Then it could be too good to be true

XE.COM are quoting 178,704.08 GBP
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.

Last edited by missile; Jul 7th 2011 at 1:46 am.
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