|RABOBANK||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATES||MORE DETAILS|
|GBP £ - to EUR||NO MINIMUM||5/7 DAYS||4.5%||€1.116|
|EUR € - to GBP||NO MINIMUM||5/7 DAYS||4.5%||£0.817|
|BROKER RATES||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATES||MORE DETAILS|
|GBP £ - to EUR||From £100||From 1 DAY||From 0.7%||€1.16|
|EUR € - to GBP||From £100||From 1 DAY||From 0.7%||£0.85|
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
Answer: Using Rabobank 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:
Rabobank Netherlands – Save on the exchange rate conversion when sending money overseas from your Rabobank account in euros, UK pounds and other currencies. Rabobank international money transfers to or from the Netherlands have higher transaction charges, due to a less competitive exchange rate offered by Rabobank. Skip to: Netherlands Money Transfer Specialists
Typically, sending funds to or from your Rabobank account in euro, UK pounds or US dollar overseas bank account will involve a margin rate of 4.5% – much higher than most currency broker rates (typically 0.7 to 1.0%).
Sending foreign currency to or from your Rabobank 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 Rabobank services would have a transaction exchange rate margin of around 4.5% – or 4,500 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 Rabobank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Rabobank account holder to use their services. Rabobank 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, Rabobank’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.
Rabobank is one of the largest banking organisations in the Netherlands with over 1.6 million customers, served through 900 local banking branch locations. Rabobank is part of the “Rabobank Group” comprising of independent local Rabobank’s and a number of specialist subsidiaries. Overall, Rabobank serves over 10 million customers in 47 countries.