|BANCO BPI||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATES||MORE DETAILS|
|GBP £ - to EUR||NO MINIMUM||5/7 DAYS||5.0%||€1.138|
|EUR € - to GBP||NO MINIMUM||5/7 DAYS||5.0%||£0.793|
|BROKER RATES||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATES||MORE DETAILS|
|GBP £ - to EUR||From £100||From 1 DAY||From 0.7%||€1.189|
|EUR € - to GBP||From £100||From 1 DAY||From 0.7%||£0.829|
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
Answer: Using Banco BPI 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 payments abroad from your Banco BPI account in euros, UK pounds, USD and other currencies. Banco BPI international money transfers to or from Portugal have higher transaction charges, due to a less competitive exchange rate offered by Banco BPI. Skip to: Portugal Money Transfer Specialists
Typically, sending funds to or from your Banco BPI account in euros, UK pounds 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%).
Sending foreign currency to or from your Banco BPI account in Portugal 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 Banco BPI banking services would have a transaction exchange rate margin of around 5.0% – or 5,000 EUR. Using a specialist broker, in this example Currencies Direct – the exchange rate margin would work out at between 0.7 to 1.0% – or only 700 to 1,000 EUR in total, which is a large saving over the bank service.
For individuals who need to move money overseas from their Banco BPI account, foreign exchange specialists Currencies Direct operate a local Portuguese office at Almancil in southern Portugal. For full details please skip to: Currencies Direct in Portugal
International money transfers from Banco BPI could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Banco BPI account holder to use their services. Banco BPI may charge a 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, Banco BPI’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.
Banco BPI (Banco Português de Investimento) was created in 1981 and is one of the largest privately owned banks in Portugal. Banco BPI is fully owned by Spanish bank La Caixa. Banco BPI has more than a million customers served through over 600 local Portuguese banking branches.