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Lodging cash (sterling) in bank

  • 07-01-2014 7:00pm
    #1
    Lovelyboy
    Registered Users, Registered Users 2 Posts: 60 ✭✭


    Good evening,
    I will soon have some sterling in cash (all legitimate)! I will need to lodge it. Can anybody help me regarding the options I have? I have an AIB, PTSB and credit union account. Should I set up a sterling account or exchange for euro before I lodge?
    Any advice would be appreciated.
    Tagged:


Comments

  • #2
    Morning All
    Registered Users, Registered Users 2 Posts: 28 ✭Morning All


    Just hand over the Sterling at the counter and have it exchanged direct into Euro and into your account. No need for a Sterling account.


  • #3
    JTMan
    Registered Users, Registered Users 2 Posts: 5,557 ✭✭✭JTMan


    You will get a very poor FX rate at the counter.
    Lovelyboy wrote: »
    Good evening,
    I will soon have some sterling in cash (all legitimate)! I will need to lodge it. Can anybody help me regarding the options I have? I have an AIB, PTSB and credit union account. Should I set up a sterling account or exchange for euro before I lodge?
    Any advice would be appreciated.

    How much money are we talking about?


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