Bank Money Transfer from UK Accounts to NOVO BANCO
Transfer money from a UK bank account to NOVO BANCO in Portugal and attain the very best UK pound to euro currency exchange rates. The best alternatives for sending funds from the UK to a NOVO BANCO bank account in Portugal, a currency broker will save you time and money on the transaction.
About NOVO BANCO
Formerly Banco Espirito Santo, NOVO BANCO is a Portuguese bank introduced in 2014 by the Bank of Portugal and incorporates all staff, branches, deposits, credit customers and holders of senior bonds of the previous Banco Espirito Santo. In Portugal, NOVO BANCO has a vast network of branches, business centres and an excellent service – NBdireto, and one of the most innovative home banking service systems – NBnet.
NOVO BANCO UK Pound & Euro Exchange Rates
|Bank Name | FX Broker Comparison||FX Rate||GBP to EUR||FREE QUOTE|
|NOVO BANCO||*3.5%||€1.144 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 Currency Transfer to/from NOVO BANCO in Portugal
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 NOVO BANCO 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 €5928.871 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 NOVO BANCO
To transfer funds abroad from your NOVO BANCO 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 NOVO BANCO branch.