Transferring Stg to Euros

Tremone

Hi,
Can I ask currently what is the best way to transfer stg into euros. I am a cross border worker who earns stg but I would have bills(mortgage etc) to pay in euros.
Thanks in advance.

mgdavid

assuming you have both Sterling and Euro bank accounts, use a currency broker like CurrencyFair or Transferwise, others are available.
There's an MSE article on the subject
https://forums.moneysavingexpert.com/discussion/1312755

jimrollo

TBH I'd avoid TransferWise especially if you're talking about regular transfers. I've used HiFX, TorFX and WorldFirst in the past with no problems but I just tried TransferWise to transfer some living expenses from CHF to Euros. The 5000 franc transfer left my CHF account on the 22nd June. But I had to call TransferWise yesterday after my landlady complained that my rent was not paid on the 1st July. That was 4pm and they told me they could not investigate because "the team" had all gone home. I called again today and of course someone else told me they "would investigate" and now I just received an email saying that their "team" is investigating what has happened to my money and this may take "some days". Meanwhile I have 70 euros to live on until they sort it out

eDicky

How do you receive your GBP salary, into your UK bank account?

You can use Revolut, conversion at interbank rate without fees (up to £5k/mth):

https://revolut.com/

Tremone

Yes it is paid into my UK bank account so Revolution would be the way to go?

eDicky

Tremone wrote: »

Yes it is paid into my UK bank account so Revolut would be the way to go?

Give it a try, load pounds with your bank debit card, convert to euros (on weekdays), then send to your euro bank account. And/or pay £5 for the MasterCard to use for euro expenses. In excess of £5k/mth conversion costs 0.5% I think.

There's also TransferWise 'Borderless Account' and Fineco Bank, both of which can receive your salary directly (as can Revolut if you ask for the personal sort code and account number).