Bank Money Transfer from UK Accounts to Alpha Bank Cyprus
Send or receive funds from a UK bank account to Alpha Bank in Cyprus and attain the very best pound to euro currency transfer FX rates. The best alternatives for sending funds from the UK to a Alpha Bank account in Cyprus, a currency broker will save you time and money on the transaction.
About Alpha Bank Cyprus
Greek owned Alpha Bank started up in Cyprus in 1998, when it acquired Lombard NatWest Bank, which was subsequently renamed Alpha Bank Limited and then Alpha Bank Cyprus Ltd. Over the next 15 years, Alpha Bank Cyprus proved to be a success, is regarded as one of the country’s largest banks and maintains a network of around 25 local branches on the island.
Alpha Bank UK Pound & Euro Exchange Rates
|Bank Name | FX Broker Comparison||FX Rate||GBP to EUR||FREE QUOTE|
|Alpha Bank||*2.0%||€1.131 info||Enquire|
UK pound sterling (GBP) and euro (EUR) currency rates are updated daily 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.
Euro Transfer to/from Alpha Bank in Cyprus
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 Alpha Bank account 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 €5772.079 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 Alpha Bank
To transfer funds abroad from your Alpha 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 may be submitted by fax as long as you have signed a request at your local Alpha Bank branch.