RBS Bank Money Transfer – UK Pound v Euro Currency Rates
RBS Bank typically charges around a 5.2 percent margin when transferring UK sterling to euro whilst private currency brokers are much more competitive. Making a transfer to or from euros using the RBS Bank service could potentially lose thousands of pounds due to the poor FX margin rate offered. Example:
|Company Name||FX Rate||GBP to EUR||FREE Quote|
*Note: A lower FX Rate will give a better exchange rate when transferring money to/from euro. Specialist foreign exchange companies including the ones listed below can save you money and time on the transaction.
Euro Transfer to RBS Account in the UK? European Bank Rates Quick Search
If you are transferring funds from a European bank to your RBS bank account in the UK, you can easily find the overseas bank foreign exchange rates by entering the bank name in the search box below:
RBS Bank v Currency Brokers
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 €5598.109 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.