Blackrock1
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This would be for business transfers, usd coming in to convert to USD. We have been offered 50bps which seems not bad but wondering if anyone has seen better.
thanks, transfer mate charge 20 bps which is good.I get 0.30% off mid market +€15 fee with AIB on EUR/GBP. It's programmed into the online platform so I just transfer as normal.
Simply ask for a call from their currency trading team and if decent volume, (I'm circa £1m stg per year) they'll do a good deal.
I'd assume that the same applies to boi.
0.3% of a big number is still a big number!Simply ask for a call from their currency trading team and if decent volume, (I'm circa £1m stg per year) they'll do a good deal.
yes, but my number is not a big number, and I was given that rate without too much effort. If someone is dealing in millions, they probably would get a better rate.0.3% of a big number is still a big number!
Is 1 million GBP in a year not big for a personal customer?yes, but my number is not a big number,
OP says they are a business customer doing transfers - so I assume its regular transactions during the year.Is 1 million GBP in a year not big for a personal customer?
I would've thought that it is huge
yes business, and itll be a highish 7 figure amount. thanks for the info!OP says they are a business customer doing transfers - so I assume its regular transactions during the year.
For one off transactions, simply find the best possible rate. However for me its easier and less time consuming to use my standard online banking for doing transfers every couple of weeks at a very good rate. Yep, I could probably get a little better, but the ease of doing it is worth a little premium
Thanks had a look at them, they appear to charge mid market plus a fee of 29bps, on that basis the BOI deal is better but thanks for the head up.Been using wise previously known as transfer wise.
Mid market fx rate plus a reasonable charge. Fast and efficent. Check them out I'd say they're near market leaders.
Per the website they charge 75bps which isnt cheap.I previously used World First for international transfers, found them to offer a better rate than Wise and banks.
I should caveat that it was a few years ago.Per the website they charge 75bps which isnt cheap.
I'm very surprised BoI are competitive with Wise. I would never in my wildest imagination have thought BoI or any of the retails banks would be even close to competitive. Interesting.Thanks had a look at them, they appear to charge mid market plus a fee of 29bps, on that basis the BOI deal is better but thanks for the head up.
Yes me too to be honest, but we are talking about a substantial amount of money over the next 3-4 years so perhaps that is a factorI'm very surprised BoI are competitive with Wise. I would never in my wildest imagination have thought BoI or any of the retails banks would be even close to competitive. Interesting.