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Currency Conversion

  • 02-01-2006 09:47AM
    #1
    transylman
    Registered Users, Registered Users 2 Posts: 602 ✭✭✭


    Hello,

    I just need some help in trying to figure out the best way to convert euros to sterling. Will be moving to England for a few years but have some savings in a bank account here. Also have an AIB credit card so was thinking I could transfer money to my credit card account as needed and use that to make purchases in England. From my old bus org classes I seem to recall this being a good way of converting currency. Are there any fees which may be charged that would remove the advantages of doing things this way?

    Thanks


Comments

  • #2
    muffler
    Registered Users, Registered Users 2 Posts: 47,202 ✭✭✭✭muffler


    Have a look here http://www.boards.ie/vbulletin/showthread.php?t=135733


  • #3
    transylman
    Registered Users, Registered Users 2 Posts: 602 ✭✭✭transylman


    Thanks for that.

    So my bank will be taking their 1.75% on top of mastercards 1%. Has to be a better way of doing it.


  • #4
    John R
    Registered Users, Registered Users 2 Posts: 4,106 ✭✭✭John R


    transylman wrote:
    Thanks for that.

    So my bank will be taking their 1.75% on top of mastercards 1%. Has to be a better way of doing it.

    Plus there is the €40 yearly tax on Irish credit cards.


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