Beat M&S 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 M&S Bank money transfer options and alternatives to make sure you’re getting the maximum savings possible.
|GBP to EUR
|GBP to USD
|Minimum Transfer + Fee
|€1.157 to €1.161
|$1.257 to $1.262
|€1.162 to €1.163
|$1.263 to $1.264
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About transaction fees: The transaction (or service) fee that banks and providers charge is made up of a fixed fee which varies, depending on where you are sending the money and which currencies apply to the transaction.
About money transfer providers: Unlike banks, money transfer companies offer the very best exchange rates and by keeping their margin rates low, they beat the banks by several percentage points.
About exchange rates: Money transfer exchange rates are calculated and updated weekdays, hourly 08:00 – 16:00. The exchange rates provided are indicative only and several factors may contribute to the final rate, including market conditions, transfer amount and the mode of transfer (online or via phone/email).
International currency transfers to or from your M&S Bank account in UK pounds, euros, US dollars and many other popular currencies will involve a margin or exchange rate of around 5.0% and additional bank transaction or commission fees may apply.
M&S’s international currency transfer rates are much higher than most money transfer providers (money transfer providers rates range between 0.45 to 1.0%).
M&S Bank, a subsidiary of Marks and Spencer, is a well-known British bank that provides a range of financial products and services to its customers. Established in 1985, M&S Bank has a long history of serving the banking needs of individuals and businesses in the UK.
Over the years, the bank has expanded its offerings to include current accounts, savings accounts, credit cards, loans, and insurance products.
International money transfers from M&S Bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing M&S Bank account holder to use their services.
Unless you pay a premium, M&S 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.
M&S 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 M&S Bank account to or from UK pounds and the euro. M&S 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 M&S. More: M&S Bank GBP vs EUR money transfer
M&S Bank has locations abroad in various countries, allowing customers to access their banking services while traveling or living overseas. Some of the countries where M&S Bank has branches include the United States, France, Spain, and Australia.
This international presence makes it convenient for M&S Bank customers to manage their finances no matter where they are in the world. Additionally, having locations abroad also helps to expand M&S Bank’s reach and provide financial services to a wider global customer base.
Find M&S 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 M&S Bank branches in your search area results.
You can find answers to everyday banking questions by visiting the M&S Bank website. If you can’t find the answer you’re looking for, you can call them from outside the UK on +44 (0) 1244 879080
Still have questions?
Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers