Which bank has the lowest foreign currency fees?

tommybc

Which bank has the lowest foreign currency fees?

grumbler

If you mean paying for goods/services in foreign currencies, see

• Top Travel Spending Cards
• Your Card: Overseas Charges

tommybc

Apologies I should have explained, I'm trying to put $ into my uk account, and I'm wondering which bank has the lowest conversion fees converting to £

grumbler

Do you mean cash or a bank transfer? It's like pulling a tooth...
For cash see: http://travelmoney.moneysavingexpert.com/buy-back
Is it a so big amount that you want to open a new account for depositing it?

tommybc

I'll be depositing from PayPal so it will be bank transfer

mgdavid

tommybc wrote: »

I'll be depositing from PayPal so it will be bank transfer

are you wanting to move a foreign currency paypal payment to you, into your UK account?
or are you wanting to move your paypal pounds into a bank account so you can then send it abroad?
Because in either case it is almost certainly far easier to let paypal do the conversion (and for modest amounts, not significantly more expensive). If you are selling to foreign customers you can insist that their payments to you are in Sterling, so they take the cost of currency conversion.
Apologies if I'm off track but you haven't given sufficient details to get best advice.

Maelwys

tommybc wrote: »

Apologies I should have explained, I'm trying to put $ into my uk account, and I'm wondering which bank has the lowest conversion fees converting to £

Transferwise is probably going to be your best bet unless it's a huge amount (their USD to GBP transfers page states "Limit for ACH Bank Debit payments is $7,000 per order/per 24 hours, all other payment methods support up to $1,000,000 per payment") or you desperately need a guarantee that your money will be protected if the firm suddenly goes insolvent and closes up in the middle of your transfer...

Think we really need more information here.

tommybc

I already have about $900 in my paypal account and I'm planning on sending it to a my uk bank account (converted to the £ equivelent) , trasnferwise sounds the best bet but I don't have a usa bank account, so ill see if they let you transfer the money from your paypal account instead of a real bank account

grumbler

Have a loook at https://revolut.com/, but I am not sure if it can be loaded from PP.

And I don't think that PP don't charge for $ withdrawals to UK accounts in $. If so, it might be cheaper to make the conversion within PP.

jonesMUFCforever

Mondays its Lloyds, Tuesdays I hear Barclays are rather good, HSBC for Wednesdays Santander Thursdays NatWest for fridays - weekends well you could try Metro.

Of course you could try doing the conversion from the $ side by asking them what their rates are for selling you £.

tommybc

grumbler wrote: »

Have a loook at https://revolut.com/, but I am not sure if it can be loaded from PP.

And I don't think that PP don't charge for $ withdrawals to UK accounts in $. If so, it might be cheaper to make the conversion within PP.

they're good but unfortunately don't accept paypal topups,

I had a look but I don't think paypal lets you convert your own money to another currency, only if your buying something

so the only option is putting money into the bank account from paypal,lloyds may have the best exchange rate