Currency Exchange

jacknife · 22-06-2011 1:59pm #1

I been over and back to the UK for the past 6 years working.

I've managed to save up £7,000 in cash, now i'm finished visiting the UK i would like to get it changed.

What's the best way about it, I feel a bit uncomfortable bringing it to the bank and saying heres £7k please change it to Euros is there a currency broker I can bring it to or is the bank the best way to go?

how do i get the best exchange rate

user1842 · 22-06-2011 2:16pm

I would setup a xe.com currency account and do it that way. A good way to get the best rate.

Or if you can find a student as I think AIB give commission free FX to students.

ravima · 22-06-2011 5:56pm

I've used currencyfair and found it grand.

jacknife · 23-06-2011 6:32am

Thanks for that info

The only problem is none of them do cash transactions, that's my problem

user1842 · 23-06-2011 8:40am

jacknife wrote: »

Thanks for that info

The only problem is none of them do cash transactions, that's my problem

Can you not lodge it to a UK account and do an electronic transfer to xe or whatever you choose. Thats if you have a UK bank account. I assume you have due to your 6 years travel back and forth.

Also why are you keeping 6 grand in cash. Sounds risky to me.

jacknife · 24-06-2011 4:35pm

dmclean1842 wrote: »

Can you not lodge it to a UK account and do an electronic transfer to xe or whatever you choose. Thats if you have a UK bank account. I assume you have due to your 6 years travel back and forth.

Also why are you keeping 6 grand in cash. Sounds risky to me.

That's the thing, I was over maybe once or twice a month got paid about £200 or £300 per day

I saved a bit here and there with an idea of an currency investment, now the work has dried up, as I'm a non UK resident I can't open an account

I've no problem going to my own bank it's just the explaination and funny looks, I know I'm not going to make much on it

Jet Black · 24-06-2011 5:00pm

Just bring it to your own branch. I'd be cheeky enough myself to ask for a deal on it. You could possibily get a better rate and no commission. No harm in trying. I'd say you'd get between 8k to 8500 for it.

random.stranger · 25-06-2011 9:52pm

Another option might be to open a sterling account in your local branch & then use xe.com to convert.

If you decide to convert it in your branch:
I remember asking about this a few years back & was told the banks will offer better rates for larger amounts. Don't be afraid to shop around.

Currency Exchange

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