CO-OPERATIVE BANK UK POUND & EURO EXCHANGE RATES
| CO-OP BANK | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
|---|---|---|---|---|---|
| GBP £ - to EUR | NO MINIMUM | 5/7 DAYS | 5.0% | €1.092 |  |
| 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% | £0.864 | |
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
CO-OP 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% | €1.142 |  |
| CURRENCIES DIRECT | £100 | 1 DAY | 0.7 to 1.0% | €1.138 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 Co-op Bank fees and charges?
Answer: Using Co-op 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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Co-operative Bank International Money Transfers
Save on the exchange rate conversion when transferring money overseas from your Co-operative bank account in UK pounds, the euro and other currencies. Co-operative Bank international money transfers to or from the UK have higher transaction charges, due to a less competitive exchange rate offered by Co-operative bank. Skip to: UK Money Transfer Specialists
Typically, sending funds to or from your Co-operative Bank account in UK pounds, euro 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 – Co-operative Bank
Sending foreign currency to or from your Co-operative 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 Co-operative Bank services would have a transaction exchange rate margin of around 5.0% – or £5,000 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.
Co-operative Bank – Other Useful Information
International money transfers from Co-operative Bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Co-operative Bank account holder to use their services. Co-operative 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, Co-operative 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.
Co-operative Bank, UK – About
The Co-operative Bank (CO-OP) is a UK financial cooperative that was established in 1872. Today it has 4.7 million customers, over 300 banking branches, and ATM machines across the United Kingdom.
Co-operative Bank – Head Office Address
Co-operative Bank PLC – 1 Balloon Street, Manchester, M60 4EP, United Kingdom
TRANSFER PROMOTIONS
