BANCO POPULAR UK POUND & EURO EXCHANGE RATES
| BANCO POPULAR | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
|---|---|---|---|---|---|
| GBP £ - to EUR | NO MINIMUM | 5/7 DAYS | 4.2% | €1.102 |  |
| EUR € - to GBP | NO MINIMUM | 5/7 DAYS | 4.2% | £0.833 | |
| 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.
BANCO POPULAR – RECOMMENDED CURRENCY TRANSFER SERVICES
| BROKER RATES: GBP/EUR | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATE: GBP/EUR | MORE DETAILS |
|---|---|---|---|---|---|
| TORFX | £250 | 1 DAY | 0.7% | €1.142 |  |
| CURRENCIES DIRECT | £100 | 1 DAY | 0.7 to 1.0% | €1.139 to €1.142 | |
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 Banco Popular fees and charges?
Answer: Using Banco Popular 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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Banco Popular International Money Transfers
Save on the exchange rate when transferring money or sending payments abroad from your Banco Popular account in euros, UK pounds and other currencies. Banco Popular international money transfers to or from Spain have higher transaction charges, due to a less competitive exchange rate offered by Banco Popular. Skip to: Spain Money Transfer Specialists
Typically, sending funds to or from your Banco Popular account in euros, UK pounds or US dollar overseas bank account will involve a margin rate of 4.2% – much higher than most currency broker rates (typically 0.7 to 1.0%).
Currency Transfer Alternatives – Banco Popular
Sending foreign currency to or from your Banco Popular account in Spain 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 Popular services would have a transaction exchange rate margin of around 4.2% – or 4,200 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.
Banco Popular Money Transfers for Expats in Spain
For individuals who need to move money overseas from their Banco Popular account, foreign exchange specialists Currencies Direct operate several local Spanish offices (including representation in Alicante, Fuengirola, La Marina de San Fulgencio, La Zenia, Malaga, Mallorca, Marbella, Mojácar, Moraira, Murcia, Tenerife and Valencia). For a full list please skip to: Currencies Direct in Spain
Banco Popular – Other Useful Information
International money transfers from Banco Popular could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Banco Popular account holder to use their services. Banco Popular 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 Popular’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 Popular, Spain – About
Banco Popular (also known as Popular) was created in Spain in 1926 and has almost 2,000 local banking branches in Spain and over 200 internationally. In June 2017 the bank was sold and is now fully owned by Spanish banking company Banco Santander.
Banco Popular – Head Office Address
Banco Popular Español S.A – C/ Velázquez, 34. 28001 Madrid, Spain
TRANSFER PROMOTIONS
