Buying Euros from Sainsburys

plainsie

Hi everyone. If I order Euros from Sainsburys today and pay for them it says on the site I will get about 130 Euros for £106. What I want to know, is this the definite price or will they change it if the euro goes down ? I won't be able to pick them up until Saturday. Many thanks.

phatbear

You will get what you pay for regardless of shifts in the exchange rate

stephb34

What does it say in the terms and conditions on your order, i wouldn't have thought they'll guarantee the rate that long.

plainsie

Thanks Guys. Ordered them.

Everynamestaken

Hi, Those euros will be packed for you in the bureau by the time you come to collect them. Just have the bank card you that you paid with and photographic driving licence or passport when you are ready to collect. The rate will not change now, you have guaranteed that rate.

If you decide on Saturday that you want more euros, you can purchase them at the rate that you are collecting (and not the rate that is on the rate board). if you decide this, I would recommend paying in cash, unless of course you know for certain your bank does not charge foreign currency.

plainsie

Everynamestaken wrote: »

Hi, Those euros will be packed for you in the bureau by the time you come to collect them. Just have the bank card you that you paid with and photographic driving licence or passport when you are ready to collect. The rate will not change now, you have guaranteed that rate.

If you decide on Saturday that you want more euros, you can purchase them at the rate that you are collecting (and not the rate that is on the rate board). if you decide this, I would recommend paying in cash, unless of course you know for certain your bank does not charge foreign currency.

Thanks Everynamestaken that's really good to know.:)

kbrumann

If they have already taken your GB£ from you, then the rate should be guaranteed. If you are going to pay for it on Saturday I would expect them to use Saturday's rate. But I am looking forward to be corrected on this, so please let us know if Sainsburys held the rate for you.

plainsie

kbrumann wrote: »

If they have already taken your GB£ from you, then the rate should be guaranteed. If you are going to pay for it on Saturday I would expect them to use Saturday's rate. But I am looking forward to be corrected on this, so please let us know if Sainsburys held the rate for you.

Thanks kbrumann. I've already paid for them.

Everynamestaken

kbrumann wrote: »

If they have already taken your GB£ from you, then the rate should be guaranteed. If you are going to pay for it on Saturday I would expect them to use Saturday's rate. But I am looking forward to be corrected on this, so please let us know if Sainsburys held the rate for you.

The rate is held. You choose the day you want to collect. Some people decide to pay for it and then collect it 2/3 weeks in advance. It's peace of mind that the money will be there and it's already paid etc.The majority of people order it, and then collect it 2/3 days later like the op.

The money will come out of your bank account a few days later (some banks charge), that is why alot of people decide to buy currency at the bureau in cash.

Just to clarify, the rate is what you have purchased them at, and then you can buy more at that rate if you decide on the day.

I hope you have a good time plainsie

photome

Everynamestaken wrote: »

The rate is held. You choose the day you want to collect. Some people decide to pay for it and then collect it 2/3 weeks in advance. It's peace of mind that the money will be there and it's already paid etc.The majority of people order it, and then collect it 2/3 days later like the op.

The money will come out of your bank account a few days later (some banks charge), that is why alot of people decide to buy currency at the bureau in cash.

Just to clarify, the rate is what you have purchased them at, and then you can buy more at that rate if you decide on the day.

I hope you have a good time plainsie

I am guessing that is only the case if ordered and paid for at the time of ordering?

They surely wont hold Euros at the rate when ordered if customer doesnt pay until collection which as you said maybe 3 weeks or so ahead?

And of course if the rate changes after paying, in the exchanges favour you will lose out, but none of us have a crystal ball

Everynamestaken

photome wrote: »

I am guessing that is only the case if ordered and paid for at the time of ordering?

They surely wont hold Euros at the rate when ordered if customer doesnt pay until collection which as you said maybe 3 weeks or so ahead?

When you purchase them online, you pay for them there and then. You get the online rate that day. That rate is fixed.

When purchasing currency, you choose which Bureau in the Uk you want to collect them at, and what day you will collect the money.

However, if a customer comes to the bureau and asks for some currency to be set aside for 2 weeks time (e.g. Barbados dollar that has to be ordered in), then when the customer comes back and collects, they will then pay for it and get the rate that is on the rate board that day. An online order is different though, the rate is fixed on the day you purchase them.

Hopefully I haven't confused anyone.