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    Transferring Euros from Dutch account to GBP in UK Account

    I've been working abroad and have ~3,000 EUR that I wish to transfer to GBP on my return to the UK. Anyone have any advice on the best way to do this? The bank will charge a fortune so I don't want to use them. Transferwise will also charge around 15 euros. I've seen 'ukforex' and 'cityforex' do good rates, anyone have any experience with these? Thanks in advance for any advice!

    16 Comments

    if you can get a transfer for €15 then that is only about 0.5% - I do not think you will get much better than that - assuming they use the interbank / forex rate - currently 1.193

    EliTom

    Would an app like Revolut not work?
    You could transfer the money from the bank to Revolut. And then just withdraw it to your U.K. account.. .I think. No fees or charges

    With a twist: revolut.com

    Thanks for the link to Revolut which I'd not heard of before. Anyone use it? Pitfalls?

    I use it whenever I go abroad and spend online in a foreign currency.
    Never had a problem with it .
    Once you spend a certain amount you have to upload ID via the camera . As you'll be sending £3k you'll probably have to verify your ID straight away before you send the money just to avoid any problems

    We used Revolut this year on 2 x 7 weeks trips no problems just uses an app on the phone and you transfer from one currency but check thier T&C as they have just altered some of them, always happens when new providers start up, ok for a year then they say due to costs.............

    Any way still a good card and easy to use we had no problems with the 2 we use

    bobtastic

    I use it whenever I go abroad and spend online in a foreign currency. … I use it whenever I go abroad and spend online in a foreign currency. Never had a problem with it . Once you spend a certain amount you have to upload ID via the camera . As you'll be sending £3k you'll probably have to verify your ID straight away before you send the money just to avoid any problems




    Revolt looks fine - but min. €7 delivery if you want a real Mastercard and I am not sure how you could transfer the Revolut balance back to a UK bank account fee free - thta is not clear from the FAQ on Revolut site.

    I guess you could just load the €3000 onto a Revolut card and spend it via the card over a period of time - but for under €10 extra a direct transfer maybe less hassle. Also £200 per month ATM withdrawal limit before fees kick in - then 2%

    Revolut looks good for holiday cash where credit cards are widely accepted I must say as they say they use Interbank rates

    EliTom

    If you have an account with international multi-currency bank (e.g. Citibank, HSBC), you can transfer funds for free in Euros. Otherwise the best option is to bring them in cash.

    allondon2

    If you have an account with international multi-currency bank (e.g. … If you have an account with international multi-currency bank (e.g. Citibank, HSBC), you can transfer funds for free in Euros. Otherwise the best option is to bring them in cash.



    ​would he get a better rate here for the euros than using the likes of transfer wise or small world fs there fees are around 15 gbp and almost around the spot rates.

    +1 for revolut

    muddassarsardar

    ​would he get a better rate here for the euros than using the likes of t … ​would he get a better rate here for the euros than using the likes of transfer wise or small world fs there fees are around 15 gbp and almost around the spot rates.



    ​also they do offers around special occasions offering fee free transfers most of the time I have recivied 1 free transaction off small world fs for Xmas

    Why has everyone's comment been down voted?

    bobtastic

    Why has everyone's comment been down voted?



    Idiots

    Currencyfair for me.

    Original Poster

    developers

    Currencyfair for me.


    This looks exactly like what I need, thanks mate!

    bobtastic

    Why has everyone's comment been down voted?


    No idea, there were some decent replies in here!

    I did it a long time ago. Took £12k in guilders out of a dutch bank in cash, then went to A'dam & went round all the tourist exchange places until I found the best deal possible. As most of their business is the other way around I got a good exchange price.
    Might be different now though...
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