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Best place to exchange sterling for euro (rate/commission)

  • 07-06-2016 11:43am
    #1
    lawred2
    Registered Users, Registered Users 2 Posts: 24,560 ✭✭✭✭


    Post office?


Comments

  • #2
    PaulM1977
    Banned (with Prison Access) Posts: 210 ✭✭PaulM1977


    Currency Fair?


  • #3
    Yggr of Asgard
    Registered Users, Registered Users 2 Posts: 5,259 ✭✭✭Yggr of Asgard


    Cash or Electronic?


  • #4
    lawred2
    Registered Users, Registered Users 2 Posts: 24,560 ✭✭✭✭lawred2


    Cash sadly..

    Think I'm stuck with a bank


  • #5
    Yggr of Asgard
    Registered Users, Registered Users 2 Posts: 5,259 ✭✭✭Yggr of Asgard


    Anpost (you can calculate it online)

    N1 Currency (you can lock in the rate online)

    Foreign Currency Exchange International on O’Connell Street but you don't know the rate until you are in the branch

    But all of them are going to be sh1te.


  • #6
    lawred2
    Registered Users, Registered Users 2 Posts: 24,560 ✭✭✭✭lawred2


    An Post won't buy sterling unless I bought sterling previously on their forex card

    I went to AIB on O Connell Street. The rate was rubbish but I had little other option.


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  • #7
    newacc2015
    Closed Accounts Posts: 2,379 ✭✭✭newacc2015


    For future reference get someone you know with a student bank account to sell it. AIB and BOI waive their commission for students


  • #8
    coylemj
    Registered Users, Registered Users 2 Posts: 25,624 ✭✭✭✭coylemj


    newacc2015 wrote: »
    For future reference get someone you know with a student bank account to sell it. AIB and BOI waive their commission for students

    Even with the commission they charge, it is 100% the case that on any given day, you will find that one of the two main banks will beat An Post. Doesn't stop people assuming that 'no commission' always means better and good luck to the post office for good marketing but they are never the best place to buy or sell currency.


  • #9
    Yggr of Asgard
    Registered Users, Registered Users 2 Posts: 5,259 ✭✭✭Yggr of Asgard


    coylemj wrote: »
    Even with the commission they charge, it is 100% the case that on any given day, you will find that one of the two main banks will beat An Post. Doesn't stop people assuming that 'no commission' always means better and good luck to the post office for good marketing but they are never the best place to buy or sell currency.

    The Post Office has now also stopped buying Dollars or Sterling unless you got that via the Currency Card they offer. They don't even buy back anymore if you got in cash via them.


  • #10
    coylemj
    Registered Users, Registered Users 2 Posts: 25,624 ✭✭✭✭coylemj


    Yggr of Asgard wrote: »
    The Post Office has now also stopped buying Dollars or Sterling unless you got that via the Currency Card they offer. They don't even buy back anymore if you got in cash via them.

    Which makes no business sense considering the wide spread between buy and sell rates. They must have had a few bad experiences with staff buying back notes that turned out to be forgeries.


  • #11
    newacc2015
    Closed Accounts Posts: 2,379 ✭✭✭newacc2015


    coylemj wrote: »
    Which makes no business sense considering the wide spread between buy and sell rates. They must have had a few bad experiences with staff buying back notes that turned out to be forgeries.

    I imagine it is not profitable to do it. IMO it is ridiculous that every post office used to buy and sell FX. Sure not all banks offer cash services anymore. It would make sense to restrict physical FX to larger post offices


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