Beat CO-OP Bank exchange rates when making an international currency transfer or overseas payment, save time, money and get the best deal. It’s a good idea to evaluate CO-OP Bank money transfer options and alternatives to make sure you’re getting the maximum savings possible.
International currency transfers to or from your CO-OP Bank account in UK pounds, euros, US dollars and many other popular currencies will involve a margin or exchange rate of around 4.3% and additional bank transaction or commission fees may apply.
CO-OP’s international currency transfer rates are much higher than most money transfer providers (money transfer providers rates range between 0.45 to 1.0%).
CO-OP Bank, also known as The Co-operative Bank, is a retail and commercial bank in the United Kingdom. It was founded in 1872 as the Loan and Deposit Department of the Co-operative Wholesale Society (CWS), an organisation created to provide financial services to members of co-operatives.
The bank became a separate entity in 1971 and has since grown to become one of the largest consumer owned banks in the UK. CO-OP Bank has a strong focus on ethical banking practices, offering products and services that align with the values of its customers.
International money transfers from CO-OP Bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing CO-OP Bank account holder to use their services.
Unless you pay a premium, CO-OP Bank’s service can take up to 5 working 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-OP 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.
Save on the exchange rate conversion when transferring money abroad from your CO-OP Bank account to or from UK pounds and the euro. CO-OP Bank international money transfers to or from the European Union and the UK have higher transaction charges, due to a less competitive exchange rate offered by CO-OP. More: CO-OP Bank GBP vs EUR money transfer
Save on the exchange rate conversion when transferring money abroad from your CO-OP Bank account to or from UK pounds and the US dollar. CO-OP Bank international money transfers to or from the United States and the UK have higher transaction charges, due to a less competitive exchange rate offered by CO-OP Bank. More: CO-OP Bank GBP vs USD money transfer
CO-OP Bank is a financial institution that operates in the United Kingdom, Cyprus, and Greece. With numerous branch locations in each country, CO-OP Bank provides a wide range of banking services to its customers, including savings accounts, loans, and investment options.
Find CO-OP Bank branch addresses near you with our geolocation map search. Simply enter the bank name (and optionally a city or country) and the map will display the closest CO-OP Bank branches in your search area results.
You can find answers to everyday banking questions by visiting the CO-OP Bank website. If you can’t find the answer you’re looking for, you can call them from outside the UK on +44 (0) 3457 213 213
Still have questions?
Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers