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20-09-2019, 19:47   #4066
muffler
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I suspect every shop in the North takes euro.
Nope
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21-09-2019, 10:02   #4067
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Sainsbury's are taking Euro notes at the tills.
They do have a Bureau de change but their rate isn't great.
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21-09-2019, 11:28   #4068
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Sainsbury's are taking Euro notes at the tills.
They do have a Bureau de change but their rate isn't great.
What exchange rate to they give you in the shop? Are you better off paying revolut?
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21-09-2019, 22:00   #4069
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What exchange rate to they give you in the shop? Are you better off paying revolut?
The market / interbank rate is €1.1332 per £1

Revolut are €1.14 (weekend 0.5% above interbank)

Visa are €1.138 + Bank fee of between 1% & 1.75%

At a guess, an in-store exchange will be about €1.15-€1.18 per £1
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21-09-2019, 23:35   #4070
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Yesterday morning I paid for an item online (£300) and my credit card rate worked out at €1.13. An hour later I drove down the road to Strabane and went into the Bureau de Change and bought a small amount of sterling and their rate was just slightly over €1.16.

I was always led to believe that the CC's were more expensive but based on yesterday's experience I think I might just pay by card in the future or withdraw cash from an ATM instead
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22-09-2019, 00:12   #4071
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What exchange rate to they give you in the shop? Are you better off paying revolut?
I always use Revolut. But I keep an eye on the rates offered by the Bureau for cash and I have noticed that they are not giving a fair exchange rate as they would have done 18 months ago. I feel that they are cashing in on the current fall in sterling and not passing on the full benefit of the current exchange rates.
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22-09-2019, 09:43   #4072
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Yesterday morning I paid for an item online (£300) and my credit card rate worked out at €1.13. An hour later I drove down the road to Strabane and went into the Bureau de Change and bought a small amount of sterling and their rate was just slightly over €1.16.
Are you sure it was €1.13 and not 87p/€1?

A lot of people make this error.

Considering the interbank rate was €1.133/£1, it would be impossible to get a rate better than this unless it was an error.

If it says a gbp to eur rate of 87p, then the eur to gbp rate is €1.15. (or €1.1494 to be precise)
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22-09-2019, 09:47   #4073
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Originally Posted by muffler View Post
Yesterday morning I paid for an item online (£300) and my credit card rate worked out at €1.13. An hour later I drove down the road to Strabane and went into the Bureau de Change and bought a small amount of sterling and their rate was just slightly over €1.16.
Are you sure it was €1.13 and not 87p/€1?

A lot of people make this error.

Considering the interbank rate was €1.133/£1, it would be impossible to get a rate better than this unless it was an error.

If it says a gbp to eur rate of 87p, then the eur to gbp rate is €1.15. (or €1.1494 to be precise)


Edit - if online purchase was Friday morning, the interbank rate was hovering at €1.136 until about 2pm when it moved back to 1.133.
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22-09-2019, 10:08   #4074
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Quote:
Originally Posted by muffler View Post
Yesterday morning I paid for an item online (£300) and my credit card rate worked out at €1.13. An hour later I drove down the road to Strabane and went into the Bureau de Change and bought a small amount of sterling and their rate was just slightly over €1.16.

I was always led to believe that the CC's were more expensive but based on yesterday's experience I think I might just pay by card in the future or withdraw cash from an ATM instead
Was that using a credit card from a bog standard bank? When you make an FX transaction on these cards, the pending transaction that appears is just an estimate based on the MasterCard/Visa FX rate on the day of the transaction and doesn't include the bank fees.

The FX rate you actually get will be the MC/Visa rate on the day the transaction is finalised so may be higher or lower. Also, the bank fees will be applied at this stage so the effective FX rate you're getting will be significantly worse.
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22-09-2019, 10:44   #4075
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Quote:
Originally Posted by muffler View Post
Yesterday morning I paid for an item online (£300) and my credit card rate worked out at €1.13. An hour later I drove down the road to Strabane and went into the Bureau de Change and bought a small amount of sterling and their rate was just slightly over €1.16.

I was always led to believe that the CC's were more expensive but based on yesterday's experience I think I might just pay by card in the future or withdraw cash from an ATM instead
CC rate always cheaper in my experience - at least mine is.
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22-09-2019, 11:48   #4076
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Are you sure it was €1.13 and not 87p/€1?
The cost of the item was £299.99 and €338.71 is the charge showing on my CC account so that equates to £1 = €1.129 or €1.13 as stated above.


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Originally Posted by Quackster View Post
Was that using a credit card from a bog standard bank?
Avant card.


Quote:
Originally Posted by Quackster View Post
When you make an FX transaction on these cards, the pending transaction that appears is just an estimate based on the MasterCard/Visa FX rate on the day of the transaction and doesn't include the bank fees.
The €338.71 is showing as pending but based on past experience this usually ends up as the actual amount charged.
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22-09-2019, 11:54   #4077
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The cost of the item was £299.99 and €338.71 is the charge showing on my CC account so that equates to £1 = €1.129 or €1.13 as stated above.


Avant card.


The €338.71 is showing as pending but based on past experience this usually ends up as the actual amount charged.
Well the Avant Card FX fee is 2.65% on top of the MasterCard rate so this should be better than any Bureau de Change I would reckon. You'd save that 2.65% if you used Curve with your credit card (or indeed Revolut) instead.
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22-09-2019, 22:06   #4078
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Quote:
Originally Posted by muffler View Post
The cost of the item was £299.99 and €338.71 is the charge showing on my CC account so that equates to £1 = €1.129 or €1.13 as stated above.


Avant card.


The €338.71 is showing as pending but based on past experience this usually ends up as the actual amount charged.
It's either a minor error or the retailer had a set rate programmed in @1.13 as interbank rate did not drop below 1.1318 Thursday or Friday. Visa rate was 1.1357 for Fri https://www.visa.ie/support/consumer...alculator.html

Bank commission is now shown as a separate charge as per eu regs, So possibly you'll see their 2.65% fee as a charge in itself.

Overall, I find using cards is best value esp as you don't end up with a pocketful of blighty coin
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24-09-2019, 10:51   #4079
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Just to update the thread as the actual charge is now registered on my CC account. item purchased in Argos cost £299.99. Initially a payment of €338.71 was showing on the statement as "pending". That figure has now changed to €341.31 but there is also the separate foreign currency charge of €9.04 making a grand total of €350.35

How does a man get one of these Revolut cards?
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24-09-2019, 23:21   #4080
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Revolut referrals in this thread...
https://www.boards.ie/vbulletin/show...7997843&page=9
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