Compare ING Bank euro currency transfer options to/from the Netherlands. You can beat ING euro bank exchange rates when making an international money transfer or overseas payment, save time, money and get the best deal.
International currency transfers to or from your ING bank account in the euro, UK pounds, US dollars and many other popular currencies will involve a margin or exchange rate of around 5.0% and additional bank transaction or commission fees may apply.
ING international currency transfer rates are much higher than most money transfer providers (money transfer providers rates range between 0.45 to 1.0%).
Sending foreign currency to or from your ING Bank account in the Netherlands 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 euros (EUR) using ING 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.
International money transfers from ING Bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing ING Bank account holder to use their services. ING 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 euro.
Unless you pay a premium, ING 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.
ING Bank is a large financial services and banking group based in the Netherlands. It was established in 1989 following a merger of the ING Bank and the Postbank although its history dates back to 1881. Today ING Bank operates in over 50 countries and in the Netherlands it has 285 local banking branches. ING is today one of the world’s largest banking groups, serving over 48 million individual and business clients in more than 40 countries worldwide.
Find ING branch addresses near you with our geolocation map search. Simply enter the bank name (and optionally a city or country) and the map will display the closest ING branches in your search area results.
You can find answers to everyday banking questions at ING online. If you can’t find the answer you’re looking for, you can call them from outside the Netherlands on +31 20 524 9111
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Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers