BARCLAYS BANK UK POUND & EURO EXCHANGE RATES
| BARCLAYS | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
|---|---|---|---|---|---|
| GBP £ - to EUR | NO MINIMUM | 5/7 DAYS | 3.9% | €1.112 |  |
| EUR € - to GBP | NO MINIMUM | 5/7 DAYS | 3.9% | £0.831 | |
| BROKER RATES | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
| GBP £ - to EUR | From £100 | From 1 DAY | From 0.7% | €1.149 |  |
| EUR € - to GBP | From £100 | From 1 DAY | From 0.7% | £0.859 | |
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
BARCLAYS BANK – 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% | €1.149 |  |
| CURRENCIES DIRECT | £100 | 1 DAY | 0.7 to 1.0% | €1.145 to €1.149 | |
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 Barclays bank fees and charges?
Answer: Using Barclays bank 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:
| CURRENCIES DIRECT | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
|---|---|---|---|---|---|
| GBP £ - to EUR | £100 | 1 DAY | 0.7 to 1.0% | €1.145 to €1.149 | |
| EUR € - to GBP | €100 | 1 DAY | 0.7 to 1.0% | £0.856 to £0.859 | |
Barclays Bank International Money Transfers
Save on the exchange rate conversion when transferring money abroad from your Barclays bank account in UK pounds, the euro and other currencies. Barclays Bank international money transfers to or from the UK have higher transaction charges, due to a less competitive exchange rate offered by Barclays bank. Skip to: UK Money Transfer Specialists
Typically, sending funds to or from your Barclays account in UK pounds, euro or US dollar overseas bank account will involve a margin rate of 3.9% – much higher than most currency broker rates (typically 0.7 to 1.0%).
Currency Transfer Alternatives – Barclays Bank
Sending foreign currency to or from your Barclays Bank account in the UK 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 UK pounds (GBP) using Barclays Bank services would have a transaction exchange rate margin of around 3.9% – or £3,900 GBP. Using a specialist broker, in this example TorFX – the exchange rate margin would work out at 0.7% – or only £700 GBP in total, which is a large saving over the bank service.
Barclays Bank – Other Useful Information
International money transfers from Barclays Bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Barclays Bank account holder to use their services. Barclays Bank 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.
Unless you pay a premium, Barclays Bank’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.
Barclays Bank, UK – About
Barclays Bank PLC is a major UK high street bank and is a part of Barclays, an international financial services provider with origins dating back to 1690 and headquarters within the United Kingdom. Its UK banking operations service individuals, businesses and corporates through over 1700 UK and international branch locations. Barclays Bank is a big institution and like most banks in the modern era, it operates in many different markets across the world. Although the headquarters are based in London, Barclays have a presence in every different country in one form or another.
Barclays Bank – Head Office Address
Barclays PLC – 1 Churchill Place, London, E14 5HP, United Kingdom
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