Bank Money Transfer from UK Accounts to Sydbank
A cheaper way to send pounds to Danish krone from the UK to a Sydbank account in Denmark, a currency broker saves you time and money on the transfer. Whether you’re in Denmark, the UK, France, Spain, Italy, Germany or anywhere in Europe or the U.S and need to transfer funds to Denmark, using a currency broker is the smart choice, opposed to using a regular high street bank.
About Sydbank Denmark
Sydbank AS is one of Denmark’s largest full service banks, it was founded in 1970, has 95 bank branches in Denmark and 5 branches operating in Germany.
GBP or DKK Money Transfer to/from Sydbank Denmark
Making a transfer to or from Danish krone 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. TorFX v traditional bank exchange rates:
|Company Name||FX Rate||GBP to DKK||FREE Quote|
|TorFX||*0.7%||Kr. 8.396 info||Enquire|
|Sydbank||*5.0%||Kr. 8.028 info||Enquire|
|Typical Bank Rates||*1.9 to 6.2%||Kr. 8.028 to Kr. 8.29 info||Enquire|
UK pound sterling (GBP) to Danish krone (DKK) currency rates are updated daily at 09:00 GMT. Data source – ECB
*Note: A lower FX Rate will give a better exchange rate when transferring money to/from Danish krone. Specialist foreign exchange companies including the ones listed below can save you money and time on the transaction.
UK bank to Sydbank 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 Kr. 42263.066 Danish krone. 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 Sydbank
To transfer funds abroad from your Sydbank account, you have to give the beneficiary’s IBAN and BIC to the bank. International transfer requests may be submitted as long as you have signed a request at your local Sydbank branch.