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Best way to get large sum of Sterling in CASH?

  • 28-10-2014 9:48pm
    #1
    cormie
    Registered Users, Registered Users 2 Posts: 20,844 ✭✭✭✭


    Hi,
    I need to buy something in the UK for around £3,000. I'll be taking this money from my Irish bank account. I'm just wondering am I best off just taking it out in GBP£ or would I get a better rate if I took it out in EURO and exchanged it elsewhere? I remember hearing something about An Post not charging some fees or something or other on Sterling exchanges?

    Any feedback appreciated :)


Comments

  • #2
    cormie
    Registered Users, Registered Users 2 Posts: 20,844 ✭✭✭✭cormie


    bump?


  • #3
    westmidlands
    Registered Users, Registered Users 2 Posts: 117 ✭✭westmidlands


    An Post never charged me commission on Sterling/Euro changes before anyway but I have never swapped that amount of money before so I'm not sure if there's a limit on the amount you can exchange commssion free.


  • #4
    on_my_oe
    Registered Users, Registered Users 2 Posts: 991 ✭✭✭on_my_oe


    I wouldn't get it through an post as frequently their rates are not competitive.

    As an example last weekend we changed €650, and the differences between Royal Mail, An Post, M&S, Sainsburys and the currency place in the Buttercrane centre Newry was almost £50.

    Go have a look at Moneysavingexperts travel money section, and should help point you in the right direction for choosing a provider. If you'll be doing it regularly, sign up for an exchange service done online.


  • #5
    coylemj
    Registered Users, Registered Users 2 Posts: 25,626 ✭✭✭✭coylemj


    Don't be fooled by the An Post 'No Commission' nonsense, it's just a marketing smokescreen to conceal the fact that their rate is usually worse than everyone else.


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