recieving money from abroad using SEP

hassanen

hey is there a bank that does not charge feed when receiving payment!! i just received 200 euros went throught my bank and the rate wasnt that good compare that with xe.com is there any bank that can give same rate

jonesMUFCforever

Do you mean SEPA?

agrinnall

If you like xe.com's rate then why not just use them?

hassanen

yes SEPA.
I just received a payment from eurozone 200 euro received by my bank and i got £162? looking at XE it shows £174 about 12 pounds bellow why is that? its Natwest current account? each bank has different fees? so if i go switch to sandander wouold i get lower fee or somehow same rate as XE. please help.

another thing so i send 200 eurio and received 12 pounds bellow the market what if i get like 4k wil the fee decrease?

hassanen

how? how does it work? to get paid i need to give IBAN BIC to get money from work

hassanen

would it make any different going to sandander lloyds bank or i will get same fees, i dont like to be ripped

eDicky

You will not find a UK bank that gives the mid-market rate that you see on XE.com when euros arrive to your GBP account. Any bank will take ~3%. Are you expecting further such payments?

Marchitiello

I think in both this thread and in your other post in the SEPA thread you are confusing the issue. They have not "charged" you £12, you have simply received £12 less then the market rate. A solution would be for the sender to exchange at source and send you the GBP amount of the rate/charges at source are more favourable or ask the sender to use TransferWise using the latter to make the conversion to GBP

I have just used TransferWise in my business for a large invoice payment in the Euro Zone and have saved quite a lot compared to what I was quoted by my bank.