HSBC BANK UK POUND & EURO EXCHANGE RATES
| HSBC BANK | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
|---|---|---|---|---|---|
| GBP £ - to EUR | NO MINIMUM | 5/7 DAYS | 6.1% | €1.086 |  |
| EUR € - to GBP | NO MINIMUM | 5/7 DAYS | 6.1% | £0.812 | |
| 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.
HSBC 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 HSBC fees and charges?
Answer: Using HSBC 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 | |
HSBC Bank International Money Transfers
Save on the exchange rate conversion when transferring money abroad from your HSBC bank account in UK pounds, the euro and other currencies. HSBC Bank international money transfers to or from the UK have higher transaction charges, due to a less competitive exchange rate offered by HSBC bank. Skip to: UK Money Transfer Specialists
Typically, sending funds to or from your HSBC Bank account in UK pounds, euro or US dollar overseas bank account will involve a margin rate of 6.1% – much higher than most currency broker rates (typically 0.7 to 1.0%).
Currency Transfer Alternatives – HSBC Bank
Sending foreign currency to or from your HSBC 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 HSBC Bank services would have a transaction exchange rate margin of around 6.1% – or £6,100 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.
HSBC Bank – Other Useful Information
International money transfers from HSBC Bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing HSBC Bank account holder to use their services. HSBC 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, HSBC 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.
HSBC Bank, UK – About
Created in 1865 to finance trade between Asia and the West, today HSBC is one of the world’s largest banking and financial services organisations serving around 38 million customers worldwide. HSBC is the world’s seventh largest bank by total assets and the largest bank in Europe. In the UK HSBC operates from over 1,700 banking branch locations.
HSBC Bank – Head Office Address
HSBC Holdings PLC – 8 Canada Square, London E14 5HQ, United Kingdom
TRANSFER PROMOTIONS
