UK Pound vs Euro Exchange Rates – Bank Money Transfers
View the latest UK bank exchange rates for the UK pound (GBP), euro (EUR) and other popular currencies and find a better deal when sending money abroad. UK banks typically charge between 2.0 and 5.0 percent margin or exchange rate fee when making currency transfers overseas:
| UK BANK EXCHANGE RATES | SPEED | FX MARGIN RATE | *GUIDE RATE GBP/EUR | INFORMATION |
|---|---|---|---|---|
| BARCLAYS BANK | 5/7 DAYS | 3.9% | €1.155 | MORE DETAILS |
| CATER ALLEN BANK | 5/7 DAYS | 4.2% | €1.151 | MORE DETAILS |
| CLYDESDALE BANK | 5/7 DAYS | 2.5% | €1.172 | MORE DETAILS |
| CO-OP BANK | 5/7 DAYS | 4.3% | €1.15 | MORE DETAILS |
| FIRST DIRECT | 5/7 DAYS | 5.0% | €1.142 | MORE DETAILS |
| HALIFAX BANK | 5/7 DAYS | 3.6% | €1.158 | MORE DETAILS |
| HSBC UK | 5/7 DAYS | 4.1% | €1.152 | MORE DETAILS |
| LLOYDS BANK | 5/7 DAYS | 5.0% | €1.142 | MORE DETAILS |
| M&S BANK | 5/7 DAYS | 5.0% | €1.142 | MORE DETAILS |
| METRO BANK | 5/7 DAYS | 5.0% | €1.142 | MORE DETAILS |
| NATIONWIDE | 5/7 DAYS | 2.5% | €1.172 | MORE DETAILS |
| NATWEST BANK | 5/7 DAYS | 4.6% | €1.146 | MORE DETAILS |
| RBS (ROYAL BANK OF SCOTLAND) | 5/7 DAYS | 4.9% | €1.143 | MORE DETAILS |
| SANTANDER BANK | 5/7 DAYS | 4.7% | €1.145 | MORE DETAILS |
| TSB BANK | 5/7 DAYS | 5.0% | €1.142 | MORE DETAILS |
| YORKSHIRE BANK | 5/7 DAYS | 2.5% | €1.172 | MORE DETAILS |
Transfer exchange rates are calculated and updated hourly (Monday to Friday) from 8 am to 4 pm UK – GMT
Exchange rates can sometimes change and sadly banks do not always inform us when they alter them (especially if they raise exchange rates, rather than lower them). A lower foreign exchange rate will typically get you a better deal when sending money to/from euro. The recommended foreign exchange companies listed on our website can save you money and time with your international currency transfer requirements.
UK and Overseas Bank Money Transfers
Many companies provide UK international money transfer services, including banks, foreign exchange brokers and online money transfer providers. These services offer competitive exchange rates and low transfer fees, making it easier and more affordable to send money overseas.
Sending money abroad can be a daunting task, but it is now easier than ever. It is important to research and compare the different options available to ensure that you are getting the best deal. It is also important to be aware of any fees or exchange rates that may apply. By using a reputable service, sending money abroad can be a simple and stress-free process.
UK Bank Exchange Rates
UK Bank Exchange Rates are constantly fluctuating due to a variety of factors, including political events, economic indicators, and global market trends. These rates are determined by the supply and demand for different currencies and can have a significant impact on businesses and individuals who engage in international trade or travel. It is important for those who rely on exchanging currencies to stay informed and up-to-date on the latest exchange rates in order to make informed decisions and minimise financial risks. While the UK Bank Exchange Rates can be unpredictable, they are an essential aspect of global commerce and play a vital role in the international economy.
UK Bank International Fees and Charges
UK banks have a variety of international fees and charges that customers should be aware of when conducting transactions abroad. These fees can include foreign transaction fees, foreign ATM withdrawal fees, and currency conversion fees. Additionally, some banks may charge a percentage fee for using their debit or credit card overseas. It is important for customers to check with their bank regarding these fees and charges before traveling to avoid unexpected costs. Some banks may also offer international banking services with lower fees for frequent travelers or those conducting business abroad.
A Better Deal – Foreign Exchange Providers
If you need to arrange a bank money transfer between UK pounds (GBP) and the euro (EUR) then you should consider that using a high street bank to make your euro transfer will cost significantly more than using a specialist currency transfer provider. Sending money abroad into euro with a currency transfer specialist is now easier than ever and in most cases the money will arrive at your designated bank account either same day or next day.
Cheaper and speedier than UK banks, the following money transfer providers offer some of the most competitive FX margin rates and transfers (typically over a value of £1000) between UK pounds and the euro are commission free with these currency brokers.
| BROKER RATES: GBP/EUR | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATE: GBP/EUR | MORE DETAILS |
|---|---|---|---|---|---|
| TORFX | £250 | 1 DAY | 0.7% | €1.193 | FREE QUOTE |
| CURRENCIES DIRECT | £100 | 1 DAY | 0.7 to 1.0% | €1.19 to €1.193 | FREE QUOTE |
Transfer exchange rates are calculated and updated hourly (Monday to Friday) from 8 am to 4 pm UK – GMT
Bank Exchange Rates Explained
Bank exchange rates refer to the rates at which banks buy and sell foreign currencies. These rates are influenced by a range of factors, including economic indicators, political events, and market sentiment. When you exchange currency through a bank, you will typically pay a fee and receive a rate that is lower than the current market rate. This is because the bank needs to make a profit on the transaction.
It’s always a good idea to shop around and compare exchange rates before making a currency exchange, as rates can vary significantly between banks. Additionally, it’s worth noting that some banks offer better rates for larger transactions, so if you need to exchange a large sum of money, it may be worth trying to negotiate with your bank. See more on the UK Bank Money Transfer Comparison area.
