BANKINTER UK POUND & EURO EXCHANGE RATES
| BANKINTER | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
|---|---|---|---|---|---|
| GBP £ - to EUR | NO MINIMUM | 5/7 DAYS | 3.3% | €1.112 |  |
| EUR € - to GBP | NO MINIMUM | 5/7 DAYS | 3.3% | £0.841 | |
| 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.
BANKINTER – 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 Bankinter fees and charges?
Answer: Using Bankinter 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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Bankinter International Money Transfers
Save on the exchange rate conversion when transferring money or sending payments abroad from your Bankinter account in euros, UK pounds, USD and other currencies. Bankinter international money transfers to or from Spain have higher transaction charges, due to a less competitive exchange rate offered by Bankinter. Skip to: Spain Money Transfer Specialists
Typically, sending funds to or from your Bankinter account in euros, UK pounds or US dollar overseas bank account will involve a margin rate of 3.3% – much higher than most currency broker rates (typically 0.7 to 1.0%).
Currency Transfer Alternatives – Bankinter
Sending foreign currency to or from your Bankinter 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 Bankinter services would have a transaction exchange rate margin of around 3.3% – or 3,300 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.
Bankinter Money Transfers for Expats in Spain
For individuals who need to move money overseas from their Bankinter 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
Bankinter – Other Useful Information
International money transfers from Bankinter could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Bankinter account holder to use their services. Bankinter 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, Bankinter’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.
Bankinter, Spain – About
Bankinter was created in 1965 and is today one of the larger bank networks in Spain, serving local customers from over 300 national banking branches in Spain. The bank has also started to open branches in Portugal after Bankinter’s acquisition of Barclays retail arm in the country.
Bankinter – Head Office Address
Bankinter S.A – Paseo de la Castellana, no. 29, 28046 Madrid, Spain
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