The UK’s First Direct Bank charges around 5.0% margin or exchange rate for bank money transfers between UK pounds GBP and the euro EUR, you can beat those rates and save when sending money abroad. Making a transfer to or from euros using the First Direct Bank service could potentially lose thousands of pounds because high rates exchange less on conversion:
|FIRST DIRECT BANK||MIN. TRANSFER||SPEED||*GUIDE RATES||TRANSFER INFO|
|GBP/EUR||no minimum||5/7 DAYS||€1.108||contact bank|
|GBP/EUR (BROKERS)||£100||1 DAY||€1.158||RATE DETAILS|
|EUR/GBP||no minimum||5/7 DAYS||£0.815||contact bank|
|EUR/GBP (BROKERS)||£100||1 DAY||£0.852||RATE DETAILS|
Using First Direct Bank currency exchange services, the UK Pound GBP to Euro EUR rate is currently €1.108 – Moreover, using an FX broker for the currency transfer, the exchange rate would achieve around €1.158 – GBP/EUR.
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.
If you are transferring funds from a European bank to your First Direct bank account in the UK, you can easily find the overseas bank foreign exchange rates by visiting the European bank rates area.
1: High street banks will charge an additional commission fee when sending money abroad into another currency. Private brokers offer commission free currency transfers for all transactions that meet their minimum transfer amount.
2: International money transfers sent via First Direct Bank could take longer to arrive than using a private broker, and unless you pay a premium, most 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.
» Barclays Bank – GBP/EUR
» Cater Allen Bank – GBP/EUR
» Clydesdale Bank – GBP/EUR
» CO-OP Bank – GBP/EUR
» First Direct Bank – GBP/EUR
» Halifax Bank – GBP/EUR
» HSBC Bank – GBP/EUR
» Lloyds Bank – GBP/EUR
» M&S Bank – GBP/EUR
» Metro Bank – GBP/EUR
» Nationwide – GBP/EUR
» NatWest Bank – GBP/EUR
» RBS Bank – GBP/EUR
» Santander Bank – GBP/EUR
» TSB Bank – GBP/EUR
» Yorkshire Bank – GBP/EUR