LouisCribben
Registered User
- Messages
- 337
I had some money to convert from Euro to Sterling.
I didn't want to use Bank of Ireland, because of a perception I had that they would not give a competitive rate.
So I set up an XE trade account (online), I think they promise to give the best exchange rate.
After getting over the red tape of sending them my scanned passport and scanned electricity bill, and signed witness etc, my XE account was opened
So I go on the XE website, and get a quote to transfer Euros into 4'000 sterling
The cost is 4615.06 Euros
Then I try bank of Ireland Online Banking
The cost is 4612.01 Euros
Ok, nearly the same, but Bank of Ireland are cheaper !
Only problem with BOI is that the online limit per transaction is 5000 euros for foreign currency
Any other comments about XE, or ways to beat the exchange rate offered by high street banks
I didn't want to use Bank of Ireland, because of a perception I had that they would not give a competitive rate.
So I set up an XE trade account (online), I think they promise to give the best exchange rate.
After getting over the red tape of sending them my scanned passport and scanned electricity bill, and signed witness etc, my XE account was opened
So I go on the XE website, and get a quote to transfer Euros into 4'000 sterling
The cost is 4615.06 Euros
Then I try bank of Ireland Online Banking
The cost is 4612.01 Euros
Ok, nearly the same, but Bank of Ireland are cheaper !
Only problem with BOI is that the online limit per transaction is 5000 euros for foreign currency
Any other comments about XE, or ways to beat the exchange rate offered by high street banks