FIRST DIRECT BANK UK POUND & EURO EXCHANGE RATES
| FIRST DIRECT | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
|---|---|---|---|---|---|
| GBP £ - to EUR | NO MINIMUM | 5/7 DAYS | 5.0% | €1.081 |  |
| EUR € - to GBP | NO MINIMUM | 5/7 DAYS | 5.0% | £0.835 | |
| 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.
FIRST DIRECT 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 First Direct fees and charges?
Answer: Using First Direct 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:
[dhvc_form id=”4718″]
First Direct Bank International Money Transfers
Save on the exchange rate conversion when transferring money abroad from your First Direct bank account in UK pounds, the euro and other currencies. First Direct Bank international money transfers to or from the UK have higher transaction charges, due to a less competitive exchange rate offered by First Direct. Skip to: UK Money Transfer Specialists
Typically, sending funds to or from your First Direct 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 – First Direct Bank
Sending foreign currency to or from your First Direct 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 First Direct 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.
First Direct Bank – Other Useful Information
International money transfers from First Direct Bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing First Direct Bank account holder to use their services. First Direct 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, First Direct 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.
First Direct Bank, UK – About
First Direct Bank was created in 1989, is a non-branch telephone (call centre) and internet based retail bank in the United Kingdom and has well over a million British customers. The bank is owned by HSBC Bank PLC.
First Direct Bank – Head Office Address
First Direct Bank – 40 Wakefield Road, Leeds LS98 1FD, United Kingdom
TRANSFER PROMOTIONS
