IBERCAJA UK POUND & EURO EXCHANGE RATES
| IBERCAJA | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
|---|---|---|---|---|---|
| GBP £ - to EUR | NO MINIMUM | 5/7 DAYS | 5.0% | €1.093 |  |
| EUR € - to GBP | NO MINIMUM | 5/7 DAYS | 5.0% | £0.826 | |
| 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.
IBERCAJA – 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 Ibercaja fees and charges?
Answer: Using Ibercaja 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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Ibercaja Banco International Money Transfers
Save on the exchange rate when transferring money or sending payments abroad from your Ibercaja bank account in euros, UK pounds and other currencies. Ibercaja bank international money transfers to or from Spain have higher transaction charges, due to a less competitive exchange rate offered by Ibercaja banco. Skip to: Spain Money Transfer Specialists
Typically, sending funds to or from your Ibercaja 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%).
Currency Transfer Alternatives – Ibercaja Banco
Sending foreign currency to or from your Ibercaja bank 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 Ibercaja bank 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.
Ibercaja Banco Money Transfers for Expats in Spain
For individuals who need to move money overseas from their Ibercaja bank 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
Ibercaja Banco – Other Useful Information
International money transfers from Ibercaja bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Ibercaja bank account holder to use their services. Ibercaja 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, Ibercaja’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.
Ibercaja Banco, Spain – About
Ibercaja Banco was created in 2011 and is the eighth largest banking group in Spain, serving customers through a network of over 1,400 local Spanish banking branches.
Ibercaja – Head Office Address
Ibercaja S.A.U – Plaza De Basilio Paraiso 2, 50008 Zaragoza, Spain
TRANSFER PROMOTIONS
