Barcalys Euro bank account

iugaza

Hello

Am UK resident, I open EURO bank account with Barclays recently and I get paid my salary through it,
I want to know how to get the best rate. Should I exchange the EURO amount direct from my euro account to Sterling account through the bank system. or should I withdraw it in EURO and go somewhere where anyone can recommend to exchange and then loaded back to my account in sterling for living expenses.

as I will receive regular EURO payment, I want to know what best option do I have.

Thank you

jonesMUFCforever

You will be charged for making a cash withdrawal from a currency account.
How much are we talking about here .......for living expenses?

grumbler

jonesMUFCforever wrote: »

You will be charged for making a cash withdrawal from a currency account.

Untrue:

Note withdrawal from a euro account - Euro notes - Free

euro account rates and charges 820 KB

It's worth checking http://travelmoney.moneysavingexpert.com/buy-back
Barclays are likely to charge ~3% for currency conversion.

iugaza

grumbler wrote: »

Untrue:

yes you are right, No fees for withdrawing

As I said I get paid regularly, I want to know what best option do I have
but now I want to change 15K from Euro to GBP.

thanks for all response

grumbler

For €15K you need a currency broker. You'll pay a fixed fee for € transfer, but for such big amount it'll be negligibly small.

Have a look at Revolut prepaid card. AFAIK, you can load it with €, convert to £ at the perfect rate and then withdraw to a £ account.

For other options see
https://www.fxcompared.com/money-transfer/France-UK?amount=15000&bType=1&aDir=0&ref=filter
http://www.mycurrencytransfer.com/money-transfer-to-UK/15000-EUR

Transferwise and Currencyfair are often mentioned here.

iugaza

I just make a call to the currency department at Barcalys and they give me about 300£ less than the market for 15 K euro conversion. they confirmed if it higher than what equivalent to 20K £ then the rate will be better as they said.

Anyway, thanks for all of you correspond

RichyRich

Could you get a better rate from somewhere like TransferWise?