CATER ALLEN PRIVATE BANK UK POUND & EURO EXCHANGE RATES
| CATER ALLEN BANK | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
|---|---|---|---|---|---|
| GBP £ - to EUR | NO MINIMUM | 5/7 DAYS | 4.2% | €1.09 |  |
| EUR € - to GBP | NO MINIMUM | 5/7 DAYS | 4.2% | £0.842 | |
| BROKER RATES | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
| GBP £ - to EUR | From £100 | From 1 DAY | From 0.7% | €1.13 | |
| EUR € - to GBP | From £100 | From 1 DAY | From 0.7% | £0.873 |  |
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
CATER ALLEN 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% | €1.13 |  |
| CURRENCIES DIRECT | £100 | 1 DAY | 0.7 to 1.0% | €1.126 to €1.13 | |
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 Cater Allen Bank fees and charges?
Answer: Using Cater Allen Private 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:
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Cater Allen Private Bank International Money Transfers
Save on the exchange rate conversion when transferring money abroad from your Cater Allen Bank account in UK pounds, the euro and other currencies. Cater Allen Bank international money transfers to or from the UK have higher transaction charges, due to a less competitive exchange rate offered by Cater Allen bank. Skip to: UK Money Transfer Specialists
Typically, sending funds to or from your Cater Allen Bank account in UK pounds, euro 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 – Cater Allen Private Bank
Sending foreign currency to or from your Cater Allen 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 Cater Allen Bank services would have a transaction exchange rate margin of around 4.2% – or £4,200 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.
Cater Allen Private Bank – Other Useful Information
International money transfers from Cater Allen Bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Cater Allen Bank account holder to use their services. Cater Allen 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, Cater Allen 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.
Cater Allen Private Bank, UK – About
Cater Allen was created in 1815 and is a private bank operating in the UK, serving both individuals and business customers. Cater Allen Private Bank is a subsidiary of Santander UK PLC. All bank deposits are fully and unconditionally guaranteed by Abbey National Plc, which is also part of the Santander Group.
Cater Allen Private Bank – Head Office Address
Santander House, 9 Nelson Street, Bradford, BD1 5AN, United Kingdom
TRANSFER PROMOTIONS
