OTP Banka – EUR Exchange Rates

OTP Banka overseas euro money transfer alternatives

You can beat OTP Banka exchange rates when making a euro (EUR) money transfer to or from an overseas bank and your account in Croatia – (Expats also use this service to send euros, UK pounds and other popular currencies back to their Croatian accounts at OTP Banka).

OTP Banka – Euro (EUR) vs European Currency Exchange Rates

POPULAR EURO (EUR) EXCHANGE RATES – CHF CZK DKK GBP HUF NOK PLN SEK

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.

About OTP Banka

OTP Banka is the fourth largest bank in Croatia and has a strong presence in the Balkan region, recognised for its expertise in retail banking, corporate banking, and investment banking. It is under the OTP Group whose headquarters are in Hungary. OTP Banka supports different humanitarian projects, non-governmental organisations and institutions, encourages the development of sports, arts and health care, and promotes protection of the environment and human rights.

OTP Banka has several branches located throughout Croatia, serving customers in both urban and rural areas. With over 50 branches and more than 200 ATMs in Croatia, OTP Banka provides convenient access to banking services for its customers. The bank’s branches offer a wide range of products and services, including checking and savings accounts, loans, mortgages, credit cards, and insurance. Bank customers can also access online banking services, making it easy to manage their finances from anywhere.

Available currencies for account holders: You can open an account in any currency of your choice.

Euro Currency Transfer to/from OTP Banka Bank in Croatia

Making a transfer to or from the euro using a bank service could potentially lose you thousands of pounds due to the poor FX margin rate offered. Private currency brokers offer a much more competitive rate of exchange. Example: Currency broker TorFX are one of the UK’s leading and largest foreign currency exchange specialists assisting private individuals and businesses with their foreign currency transfers to and from most countries worldwide.

UK bank to OTP Banka account v Currency Brokers

1: Bank money transfer information: For overseas money transfers, you will need to be an existing bank account holder with this provider to use their services. General Guidelines – High street banks also charge a commission fee when sending money abroad into another currency – Private brokers offer commission free currency transfers typically over a value of £5000 or €6023.951 euro. Bank transfer commission fees range from £15 to £30 depending on the bank.

2: Unless you pay a premium, high street banks will take from 3 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction between 1 to 3 days.

Sending Money Abroad with OTP Banka

To transfer funds abroad from your OTP Banka account, you have to give the beneficiary’s IBAN and BIC to the bank. There are two types of transfers:

1: Euro Transfers: transfers exclusively in euros for amounts less than or equal to EUR 50,000 within the European Union, including the precise bank details of the beneficiaries (i.e. BIC and IBAN).

2: International Transfers: any transfers within or to countries outside the European Union (other currencies, no IBAN, etc.)

International transfer requests can be submitted by fax as long as you have signed a request at your local OTP Banka branch.