Money Transfer from UK to KBL European Private Bankers
Money transfer alternatives for sending or receiving funds to a KBL European Private Bankers account in Luxembourg, an FX broker will save you money.
About KBL European Private Bankers
KBL European Private Bankers was founded in 1949 and is headquartered in Luxembourg and operates in nine countries. With over 2,000 staff and 41 billion euro in assets under management, KBL is widely recognised as a private banking leader in Europe. The Bank offers credit, private banking services, securities brokerage services and currency trading, and manages investment funds.
KBL European Private Bankers UK Pound & Euro Exchange Rates
|Bank Name | FX Broker Comparison||FX Rate||GBP to EUR||FREE QUOTE|
|KBL European Private Bankers||*2.1%||€1.126 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 KBL European Private Bankers in Luxembourg
If you need to send funds to or from KBL European Private Bankers from another country and currency in Europe, a private FX broker will offer a better exchange rate and can make your transfer usually same-day, opposed to slow and uncompetitive high street banking services offered these days. 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 KBL European Private Bankers 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 €5753.861 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 KBL European Private Bankers
To transfer funds abroad from your KBL European Private Bankers 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 KBL European Private Bankers branch.