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Euros
Awec
Posts: 261 Forumite
in N. Ireland
Need to get a large sum of money (700gbp or so) changed into euros.
If I bring it to the post office as cash, will they change it there and then or how does it work?
How much do they charge?
If I bring it to the post office as cash, will they change it there and then or how does it work?
How much do they charge?
0
Comments
-
How much you receive in Euros will depend on the rate of exchange. This changes daily
For example, today's Mid price rate is
Live rates at 2009.06.10 06:52:54 UTC
1.00 EUR
=
0.858783 GBP
1 EUR = 0.858783 GBP 1 GBP = 1.16444 EUR
Post office and Banks will give you less, that is their profit. Some of them offer 'No commission' on the exchange but maybe give you a poor exchange rate
Shop around with your cash0 -
There is a shop in Botanic Avenue ( near War on Want Bookshop ) and short distance from Shaftesbury Square/Donegall Pass that seems to give favourable exchange rates for the Euro.0
-
There is a shop in Botanic Avenue ( near War on Want Bookshop ) and short distance from Shaftesbury Square/Donegall Pass that seems to give favourable exchange rates for the Euro.
Yes that is one of those cash your payday cheques, log book loans until payday. So bet they charge big for commission.0 -
So bet they charge big for commission.
or more likely a poor exchange rate0 -
Try The Travel Money Maximiser for best rates.
Also, have a look at The Cheap Travel Money article.
And check X-Rates currency calculator for exchange rates.0 -
I find the easiest route is an ATM down south. Last August I shopped around before a trip to Amsterdam and Post Office over counter rate
was poor - if you can jump through all the hoops and pre-order better rate. I had business near the border and nipped over saving quite a bit of money.
There is now an Ulster bank euro ATM at the outlet centre Banbridge
but I would check rates with the bank first. Last week I got 100 euro
out down south and it cost £88 in sterling0 -
I found that withdrawing money from ATMs in Europe was the best way to guarantee a good rate of return.
Martin Says in The Cheap Travel Money article:
"For European spending get the Nationwide's Flexaccount Visa Debit card, this beats every card out there, even pipping the specialist credit cards. It doesn't charge a load fee in Europe.
There's no charge for using ATMs and withdrawing cash is interest free (unless you’re overdrawn). However, to get the debit card you need Nationwide's bank account."
Check which countries are commission-free for foreign transactions at Nationwide here.0 -
Nationwide Flex account is the way to go.
only snag is the daily limit €300-€400, if you need a large lump sum?0
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