Pounds to Euros - whats the best way?
Discussion
Chaps,
I am needing to transfer some money from my UK account to pay for some work on the track project (paying in euros).
How am I best to go about this?:
1. Just take cash out of a euro cash machine in chunks and pay the fees?
2. Do a bank transfer from one account to the other online?
3. Take the money out in cash and exchange at a 'Bureau de Change'?
Its not a huge amount (approx 1k) but would prefer not to give anyone unnecessary chunks of my money in fees (and get a reasonable exchange rate - ha ha).
Thanks in advance
I am needing to transfer some money from my UK account to pay for some work on the track project (paying in euros).
How am I best to go about this?:
1. Just take cash out of a euro cash machine in chunks and pay the fees?
2. Do a bank transfer from one account to the other online?
3. Take the money out in cash and exchange at a 'Bureau de Change'?
Its not a huge amount (approx 1k) but would prefer not to give anyone unnecessary chunks of my money in fees (and get a reasonable exchange rate - ha ha).
Thanks in advance
illmonkey said:
I was away in Europe last week. Took €100 out at the postoffice, cost me £96.58. Then took a furthur €100 at a cash machine over their, cost £97.12.
I don't think there is much to it to be honest. Post office will give you a poor rate but no charge. Banks a better rate but charges.
Ok, cheers - thats interesting. I don't think there is much to it to be honest. Post office will give you a poor rate but no charge. Banks a better rate but charges.
I have taken cash out from machines here in europe in the past but the exchange rate was much more favourable (in pounds sterling I mean).
I know its not going to make much difference on a grand - but would prefer not to get shafted on charges / exchange rates if I can do something easily.
HIFX - www.hifx.co.uk
They will even post you the cash I believe. I used them for changing Euro to Sterling. That was a little trickier because I had to open a Euro account and then transfer them the Euro from my Bank and they transferred the Sterling into my Sterling account. Going from Sterling to Euro is a lot simpler. I think you can basically pay with your Switch card and they courier the cash [Euro] to you.
HTH
They will even post you the cash I believe. I used them for changing Euro to Sterling. That was a little trickier because I had to open a Euro account and then transfer them the Euro from my Bank and they transferred the Sterling into my Sterling account. Going from Sterling to Euro is a lot simpler. I think you can basically pay with your Switch card and they courier the cash [Euro] to you.
HTH
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