Euro bank draft

Old_Git

where can I cash a euro bank draft .
I have a santander bank account and I dont think they will do it .
Its for 4500 euro .

Golden_Anemone

Just over a year ago I was given a substantial sum of Euros as a present from a great aunt. My bank - Northern - took 3 weeks to pay out on it and the exchange rate they gave me was dire. I'm told this is normal for banks here.

The experience told me that if I was ever in this position again I would take a day off work and go open an account at a bank over the border then withdraw the Euro and change it to sterling somewhere that will give me a good rate.

I'm told this should take a week max rather than the 3 weeks Northern took to pay out.

Mars7

Open an account with First Trust. You can lodge it there and they will give you the exchange rate on the day.

Old_Git

would it be better to return it and ask for a sterling bank draft .It was issued by Bank off Ireland (ROI),or would they rob me on that .

Golden_Anemone

Not sure if there is a difference between how the bank treats a bank draft and a personal cheque but the cheque I lodged was also from a BoI account. The most annoying thing was that the money left my aunt's account less than a week after I lodged it and the bank took a full fortnight to make the money available to me.

Voyager2002

Old_Git wrote: »

would it be better to return it and ask for a sterling bank draft .It was issued by Bank off Ireland (ROI),or would they rob me on that .

It is certainly worth asking them what they would give you in sterling.

Otherwise, open a Euro account somewhere; pay it in; then use a currency broker to get the funds into a sterling account at a decent rate.