Banque Raiffeisen – EUR Exchange Rates

Banque Raiffeisen overseas euro money transfer alternatives

Beat Banque Raiffeisen exchange rates when making a euro (EUR) money transfer to or from an overseas bank and your account in Luxembourg – (Expats also use this service to send euros, UK pounds and other popular currencies back to their Luxembourger accounts at Banque Raiffeisen).

Banque Raiffeisen – Euro (EUR) vs European Currency Exchange Rates

POPULAR EURO (EUR) EXCHANGE RATES – CHF CZK DKK GBP HUF NOK PLN SEK

Transfer exchange rates are calculated and updated hourly (Monday to Friday) from 8 am to 4 pm UK – GMT

Exchange rates can sometimes change and sadly banks do not always inform us when they alter them (especially if they raise exchange rates, rather than lower them). A lower foreign exchange rate will typically get you a better deal when sending money to/from euro. The recommended foreign exchange companies listed on our website can save you money and time with your international currency transfer requirements.

About Banque Raiffeisen

Founded in 1926, Banque Raiffeisen is a Luxembourg banking and financial services company and is one of the oldest banks in Luxembourg. Banque Raiffeisen has over 50 branches in Luxembourg, 11 of them depending directly from the Bank, the others belonging to the Caisses Raiffeisen controlled by the Bank.

Euro Transfer to/from Banque Raiffeisen in Luxembourg

Making a transfer to or from the euro using a bank service could potentially lose you thousands of pounds due to the poor FX margin rate offered. Private currency brokers offer a much more competitive rate of exchange. Example: Currency broker TorFX are one of the UK’s leading and largest foreign currency exchange specialists assisting private individuals and businesses with their foreign currency transfers to and from most countries worldwide.

UK bank to Banque Raiffeisen account v Currency Brokers

1: Bank money transfer information: For overseas money transfers, you will need to be an existing bank account holder with this provider to use their services. General Guidelines – High street banks also charge a commission fee when sending money abroad into another currency – Private brokers offer commission free currency transfers typically over a value of £5000 or €5846.489 euro. Bank transfer commission fees range from £15 to £30 depending on the bank.

2: Unless you pay a premium, high street banks will take from 3 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction between 1 to 3 days.

Sending Money Abroad with Banque Raiffeisen

To transfer funds abroad from your Banque Raiffeisen account, you have to give the beneficiary’s IBAN and BIC to the bank. There are two types of transfers:

1: Euro Transfers: transfers exclusively in euros for amounts less than or equal to EUR 50,000 within the European Union, including the precise bank details of the beneficiaries (i.e. BIC and IBAN).

2: International Transfers: any transfers within or to countries outside the European Union (other currencies, no IBAN, etc.)

International transfer requests can be submitted by fax as long as you have signed a request at your local Banque Raiffeisen branch.