Is there a way to Utilise any Poker account to avoid bank currency exchange charges?

luckylucky

I'm looking to move a large sum of money from my uk sterling bank account to my irish euro account. Now I have managed to transfer money vis a vis poker sites before, i.e. lodging from my uk debit card and withdrawing to my irish bank account but I have got charged by my irish bank as it's a sterling transaction.

Anyone know of anyway I can use a poker account to do this?

Killme00

This is silly..just write a cheque from your UK account and lodge it to your Irish account or for a small fee you can just transfer it using your IBAN. You will not get charged a currency charge for this like yu would with cash

BigCityBanker

If you are transferring enough of cash then look for a wholesale rate from your bank - this should be the easiest way. PM me if you have questions.

luckylucky

Killme00 wrote:

This is silly..just write a cheque from your UK account and lodge it to your Irish account or for a small fee you can just transfer it using your IBAN. You will not get charged a currency charge for this like yu would with cash

I'm talking a decent 5 figure sum here, I just spoke to my uk bank and even getting the commercial rate from a bank it's clear it's going to cost me a few hundred pounds(euros). What's silly in trying to avoid that?

DeadParrot

pokerstars?

BigCityBanker

luckylucky wrote:

I'm talking a decent 5 figure sum here, I just spoke to my uk bank and even getting the commercial rate from a bank it's clear it's going to cost me a few hundred pounds(euros). What's silly in trying to avoid that?

Well its highly unlikely that the poker skin is going to be quoting better than the wholesale rate?

luckylucky

BigCityBanker wrote:

Well its highly unlikely that the poker skin is going to be quoting better than the wholesale rate?

This is not actually true. Poker sites with just a few exceptions(the only one i heard of which charged a sperate buying and selling rate was virgin poker) do not charge you for currency transactions. That is, they charge you the same rate for buying and selling. I could actually use this method in partypoker and get money to my irish visa card but it's my bank account where i want the money and not my visa card.

Goodluck2me

dump them in a cash game?

siucra1

any irish bookmaker going to cheltenham that u know will cash yr cheq........
,no charge..

shrapnel222

use a money broker and do the switch through them- someone like www.xe.com, you'll get much better rates- you can even check what you will be receiving so compare that to what your bank quotes