Sending a money transfer to euro at Austria’s Erste Bank from a UK account, use a currency transfer broker for a better foreign exchange rate. The best alternatives for sending funds from the UK to a Erste Bank account in Austria, a currency broker will also save you time on the transaction.
Erste Bank is part of the Austrian financial services group Erste Group, one of the largest banks in Central and Eastern Europe and operates in seven countries. Erste Bank is its Austrian operation, which was founded in 1819. There are over 1,000 branches and Erste Bank has over 3.2 million customers and employs more than 14,000 people.
|ERSTE BANK||MIN. TRANSFER||SPEED||*GUIDE RATES||INFORMATION|
|GBP £ - to EUR||NO MINIMUM||5/7 DAYS||€1.117||MORE DETAILS|
|GBP/EUR (BROKER RATES)||FROM €100||1 DAY||€1.14||MORE DETAILS|
|EUR € - to GBP||NO MINIMUM||5/7 DAYS||£0.848||MORE DETAILS|
|EUR/GBP (BROKER RATES)||FROM €100||1 DAY||£0.865||MORE DETAILS|
|EUR € - to CHF||NO MINIMUM||5/7 DAYS||Fr 1.072||MORE DETAILS|
|EUR € - to CZK||NO MINIMUM||5/7 DAYS||Kc 25.186||MORE DETAILS|
|EUR € - to DKK||NO MINIMUM||5/7 DAYS||kr 7.236||MORE DETAILS|
|EUR € - to HUF||NO MINIMUM||5/7 DAYS||Ft 350.95||MORE DETAILS|
|EUR € - to NOK||NO MINIMUM||5/7 DAYS||kr 9.786||MORE DETAILS|
|EUR € - to PLN||NO MINIMUM||5/7 DAYS||zl 4.429||MORE DETAILS|
|EUR € - to SEK||NO MINIMUM||5/7 DAYS||kr 9.833||MORE DETAILS|
Euro Transfer currency exchange rates are automatically updated daily (Monday to Friday) at 09:00 GMT.
*Note: A lower FX Rate will give a better exchange rate when transferring 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.
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.
1: Bank money transfer information: 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 €5740.718 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.
To transfer funds abroad from your Erste Bank 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 Erste Bank branch.