Foreign exchange brokers - one for the expats I guess

[Herr Tubthumper]

I need to convert a lump of sterling to euros. I want to use a foreign exchange broker to get a better rate than the high street banks. Does anyone have experience of this? Any recommendations? What is the minimum entry amount? Pitfalls? How much does the date improve?

 

[Vegas Seagull]

Coin Shop, Ship Street best for decades for all volumes

 

[Herr Tubthumper]

Coin Shop, Ship Street best for decades for all volumes

They only offer "high street" rates though don't they?

 

[Cranky]

Will you be changing cash or want to transfer money to a foreign bank account?

 

[Herr Tubthumper]

Will you be changing cash or want to transfer money to a foreign bank account?

To a foreign bank account.

 

[StonehamPark]

Burger King in North St still accept Euros I think?

Buy a Whopper with a few hundred quid and ask for Euro change?

 

[Cranky]

PM sent.

The Euro rate at the moment is down below 1.20 again for the first time in a while so it may not be the best time to do it unless it is urgent.

 

[Boroseagull]

Have used HIFX since 2003. Never a problem & always top rates in excess of high street banks.

 

[thedonkeycentrehalf]

Evening mate - hope you and Frau T are settling in. For a short term option, is using an FX card an option for you? I have one from Caxton that I use when I go to the States and their rates are generally better than most available on the High Street. You can move money from your UK account onto a Visa card that you just use as any other debit card.

 

[Spanish Seagulls]

Have used HIFX since 2003. Never a problem & always top rates in excess of high street banks.

These guys are good.

 

[Lyndhurst 14]

I use XE Trade - no problems and good rates but their sign up / verification processs is a bit of a pain. Xoom.com (Barclays) seems to be advertised a lot in the States, but not sure how good they are.

 

[Woodchip]

I used Moneycorp. Did have the added benefit that as I was banking with BNZ over here the first 20 transactions were free (only needed to use 3).