Transferring UK pounds to euro destined for an Portuguese bank, or perhaps you’ll need to send euros back to your bank account in the United Kingdom? Whatever your situation, whether you’re in the UK, Portugal, Spain, Italy, Germany or anywhere in Europe and need to convert your currency, using a foreign exchange specialist will save you precious time and money opposed to using a regular high street bank.
In order to find out just how much money you can save when you are sending money to Portugal, the comparison table below lists Portugal’s most popular banks, together with up to date UK pound (GBP) to euro (EUR) transfer rates, based on sending £5,000 pounds to a Portuguese account:
|BANK NAME||SPEED||FX MARGIN RATE||*GUIDE RATE GBP/EUR||INFORMATION|
|BANCO BPI||5/7 DAYS||5.0%||€1.116||MORE DETAILS|
|MILLENNIUM BCP||5/7 DAYS||5.0%||€1.116||MORE DETAILS|
|NOVO BANCO||5/7 DAYS||3.5%||€1.134||MORE DETAILS|
|SANTANDER TOTTA||5/7 DAYS||5.0%||€1.116||MORE DETAILS|
Euro Transfer currency exchange rates are automatically updated daily (Monday to Friday) 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.
Using your bank: Sending £100,000 UK pounds sterling to Novo Banco via RBS bank UK and you would receive approx. euro to your Portuguese bank account. Your bank will also charge a fee to make the transfer.
With TorFX: Sending the same amount from your UK bank account using TorFX to make the transfer to Novo Banco account in Portugal and you would receive euro to your Portuguese bank account. Commission free transfer.
Using TorFX, your total saving would amount to a massive euro. (Exchange rate calculations are updated at 09:00 GMT weekdays. Please check with your FX broker or bank for an exact quotation).
TorFX is one of Europe’s leading non bank providers of international foreign exchange, money payment and currency transfer services for individuals and businesses, with over 50,000 private and 4,000 business clients respectively. TorFX saves you money on your international payments. Unbeatable exchange rates, free transfers and friendly, clear guidance from our currency experts make TorFX the clear choice for foreign exchange.
Tor Currency Exchange Ltd, Penlowarth, Penzance, Cornwall TR18 4ED. Registered in England & Wales, No.: 5193147. Tor Currency Exchange Ltd is authorised by the UK FCA (Financial Conduct Authority) under the Payment Service Regulations 2009 (FRN 900706) for the provision of payment services. HM Revenue & Customs Certificate of Registration for Money Laundering Regulation, Number: 12191606. TorFX operates segregated client bank accounts in accordance with FCA rules on the safeguarding of client funds.
Sending money from Portugal to the UK or another European country is cheaper and quicker when using a foreign exchange broker. Don’t worry if you are not living in the UK, private brokers offer money transfer services for both Portuguese nationals and expats and can deal directly with your Portuguese bank, ensuring that you have a trouble free experience when sending your cash to an overseas bank account.
The comparison table below lists the UK’s most competitive currency broker (in our research), together with up to date euro (EUR) to UK pound (GBP) transfer exchange rates, based on sending 5,000 euro from one of the main banks in Portugal to a UK bank account. For other amounts, submit an enquiry.
● 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