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Money exchange

Posted: Tue Sep 8, 2020 12:18pm
6 replies178 views5 members subscribed
Gaza

Posts: 101

45 helpful points

Joined: 6 Apr 2019

Hi any secure way other than banks from the UK who give a crap exchange rate that can give me a good pound to euro rate please ps it must be done over the phone as I can't do internet banking.Old school yes I am but my last bank transfer was a measly 1.08 euro to the pound and the actual rate was 1.12.Thats a good profit for the bank if your transferring 1000s.

zacdog

Posted: Tue Sep 8, 2020 1:14pm

zacdog

Helpful member

Posts: 468

221 helpful points

Location: Camposol

Joined: 14 Oct 2018

Posted: Tue Sep 8, 2020 1:14pm

Without using internet technology, the harsh reality is that's as good as it will get for you!! 

Kalli

Posted: Tue Sep 8, 2020 1:37pm

Kalli

Helpful member

Posts: 300

240 helpful points

Location: Cehegín

Joined: 6 Sep 2018

Posted: Tue Sep 8, 2020 1:37pm

When we needed to transfer sizeable amounts of dosh to Spain about 15 years ago, we initially used a currency transfer company, documentation sent and returned by faxes (remember them?). Then my bank (First Direct) said: did we realise that they had someone "on the (trading) floor". We didn't, they could match what the other company could offer and so we used them. The rate was excellent, the fees very reasonable. If you want to transfer a substantial sum, it could be worth asking your bank specifically for a better rate.

Not sure how helpful this is as it was a long time ago and the world has moved onto internet banking!!

RichT

Posted: Tue Sep 8, 2020 3:48pm

RichT

Super helpful member

Posts: 1142

1271 helpful points

Location: Lorca

Joined: 13 Sep 2019

Posted: Tue Sep 8, 2020 3:48pm

The best rates will almost always be for low-cost, automated online / app solutions, as the bank isn't paying someone to be available to answer your calls and complete the transaction for you. We use Revolut, which has no fees and very competitive exchange rates.

If you're not confident using online banking, is there a friend or relative you could trust to do the transfers for you? Or maybe take the plunge and learn yourself (not meant to be offensive).

We live in an increasingly online world - for example, at the moment to travel to & from UK / Spain, you need to complete locator forms online and be able to show them to border officers on your mobile phone on request.

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Roland

Posted: Tue Sep 8, 2020 8:07pm

Roland

Legendary helpful member

Posts: 3535

2595 helpful points

Location: Camposol

Joined: 23 Feb 2018

Posted: Tue Sep 8, 2020 8:07pm

RichT

The locator forms can printed & shown on paper.

You don't need a mobile phone.

RichT

Posted: Wed Sep 9, 2020 12:59pm

RichT

Super helpful member

Posts: 1142

1271 helpful points

Location: Lorca

Joined: 13 Sep 2019

Posted: Wed Sep 9, 2020 12:59pm

Roland wrote on Tue Sep 8, 2020 8:07pm:

RichT

The locator forms can printed & shown on paper.

You don't need a mobile phone.

I know, but methinks if you don't do online banking, etc. you're unlikely to have a printer? :-)

Gaza

Posted: Wed Sep 9, 2020 2:06pm

Gaza

Original Poster

Posts: 101

45 helpful points

Joined: 6 Apr 2019

Posted: Wed Sep 9, 2020 2:06pm

RichT wrote on Wed Sep 9, 2020 12:59pm:

I know, but methinks if you don't do online banking, etc. you're unlikely to have a printer? :-)

No I don't have a printer my friend I would prefer to do a transfer by phone.

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