ADVANZIA BANK UK POUND & EURO EXCHANGE RATES
| ADVANZIA BANK | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
|---|---|---|---|---|---|
| GBP £ - to EUR | NO MINIMUM | 5/7 DAYS | 5.0% | €1.093 |  |
| EUR € - to GBP | NO MINIMUM | 5/7 DAYS | 5.0% | £0.826 | |
| BROKER RATES | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
| GBP £ - to EUR | From £100 | From 1 DAY | From 0.7% | €1.142 |  |
| EUR € - to GBP | From £100 | From 1 DAY | From 0.7% | £0.863 | |
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
Question: How many pounds or euros will I receive for my currency transfer, after Advanzia Bank fees and charges?
Answer: Using Advanzia Bank services, the exchange rates shown are typical. All banks have individual rates and commission structures for international currency transfers. Find the latest exchange rates for an overseas bank using our Bank Rate Comparison below:
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Advanzia Bank International Money Transfers
Save on the exchange rate conversion when transferring money or payments overseas from your Advanzia Bank account in euros, the UK pound and other currencies. Advanzia Bank international money transfers to or from Luxembourg have higher transaction charges, due to a less competitive exchange rate offered by Advanzia Bank. Skip to: Luxembourg Money Transfer Specialists
Typically, sending funds to or from your Advanzia Bank account in euros, the UK pound or US dollar overseas bank account will involve a margin rate of 5.0% – much higher than most currency broker rates (typically 0.7 to 1.0%).
Currency Transfer Alternatives – Advanzia Bank
Sending foreign currency to or from your Advanzia Bank account in Luxembourg needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.
Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.
Example: A typical overseas currency transfer of 100,000 euro (EUR) using Advanzia Bank services would have a transaction exchange rate margin of around 5.0% – or 5,000 EUR. Using a specialist broker, in this example TorFX – the exchange rate margin would work out at 0.7% – or only 700 EUR in total, which is a large saving over the bank service.
Advanzia Bank – Other Useful Information
International money transfers from Advanzia Bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Advanzia Bank account holder to use their services. Advanzia Bank may additionally charge a flat rate commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. Private brokers offer commission free currency transfers, typically over a value of £5000 (or 5,000 EUR).
Unless you pay a premium, Advanzia Bank’s service will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
Advanzia Bank, Luxembourg – About
Advanzia Bank SA was created in Luxembourg in 2005 subject to CSSF supervision, specialising in credit cards and euro savings accounts. Over 590,000 customers in Luxembourg and Germany use their services.
Advanzia Bank – Head Office Address
Advanzia Bank S.A – Parc Dactivite Syrdall 9 5365 Munsbach, Luxembourg
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