10,000 Euros to pounds where to change ?

johnlondonw3

How do I do this to maximise the benefit to me and not the bank !

milan_ns

This may sound strange, but the best rates I found was with those slightly dodgy looking money transfer shops (e.g. in C. London, Oxford St)

glider3560

€10,000 in cash or is it currently in a bank account? If so, which bank and country as this could be important.

cashbackproblems

If its in cash those money exchange booths offer competitive rates along with the post office, have a look online between the two.

gerby

look on this site there is a money ex comparison page in holiday money

johnlondonw3

glider3560 wrote: »

€10,000 in cash or is it currently in a bank account? If so, which bank and country as this could be important.

Its a cheque from an Irish bank

glider3560

johnlondonw3 wrote: »

Its a cheque from an Irish bank

Do you have an Irish bank account?
If no, do you want it all in pounds sterling now or would you be happy opening a UK based Euro account?

JamesU

johnlondonw3 wrote: »

Its a cheque from an Irish bank

One option, cut and pasted from a previous thread below.
Other options to consider in the thread also.
https://forums.moneysavingexpert.com/discussion/2443397


In the UK, Barclays could easily meet your needs. It is straightforward to hold balances in both Euro and Sterling accounts, transactional costs on the exchange between currencies in the accounts are competitive relative to other high street banks, and the whole process is easy to do any working day over the phone using a dedicated number. Very importantly, the exact rate of exchange is specified on the phone there and then, a serious consideration on larger currency transactions. Some banks e.g. Lloyds provide a similar facility but the exchange rate you get on the day can be less well-defined and you can loose out a lot during the currency exchange due to their "minor fluctuations" during the day when the cash is switched, and this always work to the bank’s advantage. Others may recommend alternative UK banks on the transactional side, just be sure you choose one that accurately defines the exchange rate.



JamesU

ESKIMO

Nationwide are quite suitable and appropriate to your needs. Beware of their charges outside of the EU though. The snowball is gathering momentum to other areas of the BS. Also worth checking out comparethemarket.com and moneysupermarket.com