transferring money to a UK bank account

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joe sod

Guest
Does anyone know the cheapest method of transferring euros from an Irish bank account into a UK bank account where it is converted into sterling. The last few times Ive got a sterling bank draft which costs 4Euro and then converted to sterling at the lower bank rate of 64p to the euro rather than the actual rate of 67p to the euro.
 
R

rainyday

Guest
Hi Joe - Where are you getting this 'actual rate' from? The rate quoted in press/media is often a 'wholesale' rate. When retail customers like you & me go into the branch or do individual transactions, the rates we get will differ from the quoted rates.
 
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