|BGL BNP PARIBAS||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATES||MORE DETAILS|
|GBP £ - to EUR||NO MINIMUM||5/7 DAYS||4.0%||€1.12|
|EUR € - to GBP||NO MINIMUM||5/7 DAYS||4.0%||£0.823|
|BROKER RATES||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATES||MORE DETAILS|
|GBP £ - to EUR||From £100||From 1 DAY||From 0.7%||€1.159|
|EUR € - to GBP||From £100||From 1 DAY||From 0.7%||£0.851|
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
Answer: Using BGL BNP Paribas 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:
Save on the exchange rate conversion when transferring money or regular payments overseas from your BGL BNP Paribas bank account in euros, the UK pound and other currencies. BGL BNP Paribas international money transfers to or from Luxembourg have higher transaction charges, due to a less competitive exchange rate offered by BGL BNP Paribas. Skip to: Luxembourg Money Transfer Specialists
Typically, sending funds to or from your BGL BNP Paribas account in euros, the UK pound or US dollar overseas bank account will involve a margin rate of 4.0% – much higher than most currency broker rates (typically 0.7 to 1.0%).
Sending foreign currency to or from your BGL BNP Paribas 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 BGL BNP Paribas services would have a transaction exchange rate margin of around 4.0% – or 4,000 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.
International money transfers from BGL BNP Paribas could take longer to arrive than using a private currency exchange provider and you will also need to be an existing BGL BNP Paribas bank account holder to use their services. BGL BNP Paribas 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, BGL BNP Paribas’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.
BGL BNP Paribas (formerly known as Banque Générale du Luxembourg) was created in 1919 and became part of the French financial services company BNP Paribas in 2009. BGL BNP Paribas is today one of Luxembourg’s largest banks, serving customers through over 40 local banking branches.