Barclayswealth

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TripleAceIRL

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Regarding this: barclayswealth.com/international/savings/short-medium-savings-category/new-client-term-deposit.htm

They offer the possibility to open savings accounts in Euro, USD and £££ ....if I decide, just to diversify, to open a saving account in USD, would banks rip me off when converting the money from USD into Euro and viceversa on the way back or the charge will be minimal? I don't want to lose 5% or more in exchange rate....

I guess I should check with Bank Of Ireland as they would be the sender, correct?

Thank you.
 
I may be wrong on this but I think Barclays Wealth need a statement from your accountant that you have 5m in assets before they will take you on as a client. We all have that, right??!!
 
Nearly there, just a few zeros away :)

If you check the link though this does not seem to be the case for these accounts, they are normal deposit and savings accounts.

PS: I can't post full link because I have less than 15 post but if you copy/paste you see ;)
 
Could you use currency.com or similar to transfer your money through, previous posts would suggest they have a better currency exchange rate and as far as I am aware they transfer funds by electronic transfer.
 
Is this the BOI exchange rate if I ship USD to another bank or would there be a spread between bid and offer?

treasuryspecialists.com

For a 50k USD transfer today I see what would required 37.5k €, how much of these would be lost in exchange rate?
 
TripleAceIRL said:
Regarding this: barclayswealth.com/international/savings/short-medium-savings-category/new-client-term-deposit.htm

They offer the possibility to open savings accounts in Euro, USD and £££ ....if I decide, just to diversify, to open a saving account in USD, would banks rip me off when converting the money from USD into Euro and viceversa on the way back or the charge will be minimal? I don't want to lose 5% or more in exchange rate....

I guess I should check with Bank Of Ireland as they would be the sender, correct?

Thank you.
Click to expand...


dont know anything about barclays but hsbc completley screw you on currency transfers , i foolishly allowed them to make the switch from euro to sterling when i opened an account in northern ireland , i should have gotten BOI to switch to sterling before they transfered it

on that day BOI were offering 83 pence to the euro , hsbc gave me 79 pence , i lost several hundred euro , that was ten days ago , even with the fall in the euro v sterling , im still not back to where i started
 
check out transfermate.com if you want a good rate on FX. They have an office on Dame Street. I haven't used them yet but was planning to at some point as they seem to offer a very competitive rate and allow you to prebook a rate for a period of days once you lodge a min amout of the funds in a trading a/c. I haven't fully looked into them yet nor did I get around to discussing them with the financial regulator's office which i plan to before sending any of my money thru them.

looks good on the surface though
 
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