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Commission Free Sterling & Dollars

  • 15-03-2012 9:08pm
    #1
    Fidelis
    Registered Users Posts: 2,425 ✭✭✭


    For a limited time, at selected An Post branches.

    link


Comments

  • #2
    kearneybobs
    Registered Users Posts: 3,923 ✭✭✭kearneybobs


    Fidelis wrote: »
    For a limited time, at selected An Post branches.

    link
    I'm fairly sure this has been the case for some time now. Also, the link doesn't say anything about it being for a limited time.


  • #3
    TheKBizzle
    Moderators, Recreation & Hobbies Moderators Posts: 494 Mod ✭✭✭✭TheKBizzle


    Been this way for months.


  • #4
    mad m
    Registered Users Posts: 9,001 ✭✭✭mad m


    As it swings in roundabouts. It seems An Post give you a slightly worse rate than the banks do.


  • #5
    snubbleste
    Banned (with Prison Access) Posts: 31,117 ✭✭✭✭snubbleste


    Where's the bargain?


  • #6
    Hogzy
    Registered Users Posts: 7,544 ✭✭✭Hogzy


    Thats an atrocious exchange rate for dollars. (AIB were 1.29 this afternoon)

    There be no bargain here.


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  • #7
    eqwjewoiujqorj
    Registered Users Posts: 506 ✭✭✭eqwjewoiujqorj


    You can buy Dollars / Sterling in An Post but if you have any left over after your holiday, An Post won't buy them back off you.

    You'll have to go somewhere else - so you may end up paying commission on a small amount.


  • #8
    TheDriver
    Registered Users Posts: 12,391 ✭✭✭✭TheDriver


    I found this last year too, appalling rate to be honest.


  • #9
    Luckycharms_74
    Registered Users Posts: 6,607 ✭✭✭Luckycharms_74


    An post for Forex.....lol. They are having a laugh with their rates.
    Check out the bank rates.

    http://www.fxcentre.com/


  • #10
    bazwaldo
    Registered Users Posts: 1,754 ✭✭✭bazwaldo


    Nowhere sells foreign currency at the exchange rate. Can anyone point to what the buy/sell rates and commision per transaction for any of the alledged cheaper places?

    One thing to note, if you are only getting a small amount, commission free with AnPost works out cheaper.


  • #11
    vicwatson
    Registered Users Posts: 28,403 ✭✭✭✭vicwatson


    Luckycharms_74 wrote: »
    An post for Forex.....lol. They are having a laugh with their rates.
    Check out the bank rates.

    http://www.fxcentre.com/


    Indeed

    Sterling

    AIB FX Centre - 0.8315

    An Post - 0.8071

    U.S. Dollars

    AIB FX Centre - 1.3083

    An Post - 1.2683

    :)


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  • #12
    bazwaldo
    Registered Users Posts: 1,754 ✭✭✭bazwaldo


    vicwatson wrote: »
    Indeed

    Sterling

    AIB FX Centre - 0.8315

    An Post - 0.8071

    U.S. Dollars

    AIB FX Centre - 1.3083

    An Post - 1.2683

    :)

    From Ulster Bank
    USD Sell 1.2687 Stg Sell 0.8091
    Don't know if they have transaction fees
    From AIB
    USD Sell 1.2894 Stg Sell 0.8203
    Plus Transaction fee 1.0% of value Minimum €1.27 / Maximum €6.35

    So AIB is probably the best price out AIB, AnPost, and Ulster Bank. Just about!


  • #13
    florawest
    Registered Users Posts: 211 ✭✭florawest


    Hi if you have a credit union account, you do not pay commission, but euro is bad at the moment when buying sterling:(


  • #14
    Kotek Besar
    Registered Users Posts: 3,601 ✭✭✭Kotek Besar


    I wouldn't write-off An Post for forex.

    I've not checked recently but in the past 12 months I've needed fairly large amounts of USD and GBP for my travels. Each time, I compared AIB, PTSB, UB, and An Post for their forex. Every time, An Post was most favourable. Though of course, this may not be the case any more..


  • #15
    Limestone1
    Registered Users Posts: 855 ✭✭✭Limestone1


    Kotek Besar wrote: »
    I wouldn't write-off An Post for forex.

    I've not checked recently but in the past 12 months I've needed fairly large amounts of USD and GBP for my travels. Each time, I compared AIB, PTSB, UB, and An Post for their forex. Every time, An Post was most favourable. Though of course, this may not be the case any more..


    Are you sure you compared correctly ? The commission at the banks has a max so for any decent amount that is what you pay (€6.35 IIRC) . The An post rate has been horrendously bad since last June when I first checked it out and comparing to AIB and BOI , you would be mad to use an post ......


  • #16
    work.inprocess
    Registered Users Posts: 88 ✭✭work.inprocess


    Fidelis wrote: »
    For a limited time, at selected An Post branches.

    link

    Or comission free in most banks for anyone with a student account


  • #17
    Kotek Besar
    Registered Users Posts: 3,601 ✭✭✭Kotek Besar


    Limestone1 wrote: »
    Are you sure you compared correctly ? The commission at the banks has a max so for any decent amount that is what you pay (€6.35 IIRC) . The An post rate has been horrendously bad since last June when I first checked it out and comparing to AIB and BOI , you would be mad to use an post ......

    I actually saved in Google Docs the details of one of the smaller transactions I was comparing. Here it is..

    €500 to £, 26/08/2011
    Ulster Bank £427.87
    Perm TSB £426.02
    AIB £428.09
    An Post £428.55

    ^^ those were the net amounts, after any applicable charges. The USD comparisons I did were for around €4000 as I recall, and the savings at An Post were greater, but I can't seem to find the details now. It was a year ago now.


  • #18
    confusedquark
    Registered Users Posts: 326 ✭✭confusedquark


    Went looking for sterling today, for £500 got the following rates (commission included):

    AIB: 622 Euro
    Bank of Ireland: 623 Euro
    PTSB: Don't give you more than £200 without having an account with them
    Ulster Bank: 618 Euro
    Post Office: 617 Euro

    A quick google search tells you £500 = 598 Euro ... serious rip-off :mad:


  • #19
    Kotek Besar
    Registered Users Posts: 3,601 ✭✭✭Kotek Besar


    confusedquark wrote: »
    Went looking for sterling today, for £500 got the following rates (commission included):

    AIB: 622 Euro
    Bank of Ireland: 623 Euro
    PTSB: Don't give you more than £200 without having an account with them
    Ulster Bank: 618 Euro
    Post Office: 617 Euro

    A quick google search tells you £500 = 598 Euro ... serious rip-off :mad:
    An Post still cheapest for Sterling then.


  • #20
    podgeandrodge
    Registered Users Posts: 5,748 ✭✭✭podgeandrodge


    Like someone said a while back - No bargain here. Move the thread to Banking? Or people will be coming here day after day wasting their time thinking there is a bargain to be had.


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