Hi
I have just been looking at the term/conditions for the new range of Sterling accounts with Nationwide Uk.
With regard to the Foreign Exchange fees they state:
"Over €100,000 or Sterling equivalent 2.0% Spread (Maximum of 1% either side)"
Could someone explain this terminology to me? My only knowledge of F/EX is looking at the rate per euro on the notice boards in the banks.
Thanks
I have just been looking at the term/conditions for the new range of Sterling accounts with Nationwide Uk.
With regard to the Foreign Exchange fees they state:
"Over €100,000 or Sterling equivalent 2.0% Spread (Maximum of 1% either side)"
Could someone explain this terminology to me? My only knowledge of F/EX is looking at the rate per euro on the notice boards in the banks.
Thanks