Best account for large currency transfers?

stphnstevey

Particularly GBP and Euros

Revolut found to be cheapest and best FX, but £5000/month limit

Tried Fineco but rates werent so good for larger amounts

Starling have Euro account but "coming soon" unless previously signed up for updates

Transferwise fees not so good

Others or is that the best of the bunch?

eskbanker

No personal recommendations but the MSE best buy article is at https://www.moneysavingexpert.com/banking/foreign-currency-exchange/

eDicky

stphnstevey wrote: »

Revolut found to be cheapest and best FX, but £5000/month limit.

This limit can usually be raised on request and providing suitable source of funds verification, which will be necessary anyway with any service for a large amount.

I would pay TransferWise the 0.35%(?) fee at interbank rates for their excellent service and reliability, rather than risk any complications with Revolut. Other transfer services may be cheaper, you can use a comparison site such as monito.com

stphnstevey

eDicky wrote: »

This limit can usually be raised on request and providing suitable source of funds verification, which will be necessary anyway with any service for a large amount.

I would pay TransferWise the 0.35%(?) fee at interbank rates for their excellent service and reliability, rather than risk any complications with Revolut. Other transfer services may be cheaper, you can use a comparison site such as monito.com

With Revolut is that just the paying in limits increased or the monthly fee free currency exchange?

I know you have to supply details if you make more than say £25k in currency exchanges over a 6 months period say, but wasnt aware you can increase the £5k limit of fee free currency conversion

eDicky

stphnstevey wrote: »

With Revolut is that just the paying in limits increased or the monthly fee free currency exchange?

I know you have to supply details if you make more than say £25k in currency exchanges over a 6 months period say, but wasnt aware you can increase the £5k limit of fee free currency conversion

My mistake for not realising that you meant the monthly fee-free conversion limit. No way to increase that without paying for their Premium account, I'm sure, but the fee above £5k/mth is a modest 0.5%.