Euro (€) Currency Thread

harryhound

http://forums.moneysavingexpert.com/showthread.html?t=1254227

jeebus_2

In my opinion might as well get a post office visa electron card

Cookiecrumble

Can anyone advise me please? I have 5500 euros in a Spanish bank a/c. Which is the best way to convert it and transfer it all to my british a/c?

Jake'sGran

It has to be converted as some stage to get it into you Uk bank account so I assume that you need to ask the Spanish bank to transfer it. Can't really see that there is an alternative. I don't think they would move the money as Euros but you could ask. I did read last week that Spanish banks are very quick with transfers unlike Uk banks which are still doing the three day thing but I think the person was referring to transfers in Spain.

jammin_2

Cookiecrumble wrote: »

Can anyone advise me please? I have 5500 euros in a Spanish bank a/c. Which is the best way to convert it and transfer it all to my british a/c?

Make a note of the IBAN and BIC/Swift details of your UK bank account. Then contact your Spanish bank and ask to make an IBAN transfer of €5500 to your UK account. In Ireland, the charge for such a transfer differs between banks (e.g., AIB don't charge a fee, Ulster Bank charge 54 cents per transfer). I don't know how much your Spanish bank will charge you.

When the funds reach your UK bank, the bank will convert into Sterling and credit your account. UK banks do not usually charge a fee for incoming IBAN transfers.

Some info further info about the IBAN system for you here.

gazmona

I've just come back from Germany and was given 5000 Euros after the death of my grandmother. Where can I exchange it and get the best rate at the moment ?

gazmona

anyone ..... ?????????

harryhound

Is it in the form of folding money?

gazmona

yes the £5000 is in cash.......

harryhound

I don't know where you are in the country!?
I was passing through London in need of Norwegian currency.
So seeing a recommendation on here, I called in on "Thomas Exchange Global". In reality a small shop front on The Strand.
The "Indian" teller was efficient, I got a good rate and was back on the pavement within 5 minutes. I got the impression it was the sort of place that would "negotiate" over a large sum or at least match any rival offer;). Obviously, with an appreciable amount of cash there might be anti laundering procedures that have to be followed.
Web sites:
https://www.tegforex.co.uk
https://www.thomasexchangeglobal.co.uk