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Currency Conversion

transylman · 2006-01-02 08:47:51

Hello, I just need some help in trying to figure out the best way to convert euros to sterling. Will be moving to England for a few years but have some savings in a bank account here. Also have an AIB credit card so was thinking I could transfer money to my credit card account as needed and use that to make purchases in…

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02-01-2006 9:47am

#1

transylman

Registered Users Posts: 602 ✭✭✭

Join Date: August 2005

Posts: 553

Hello,

I just need some help in trying to figure out the best way to convert euros to sterling. Will be moving to England for a few years but have some savings in a bank account here. Also have an AIB credit card so was thinking I could transfer money to my credit card account as needed and use that to make purchases in England. From my old bus org classes I seem to recall this being a good way of converting currency. Are there any fees which may be charged that would remove the advantages of doing things this way?

Thanks

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#2 02-01-2006 3:33pm
muffler

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Have a look here http://www.boards.ie/vbulletin/showthread.php?t=135733

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#3 02-01-2006 11:40pm
transylman

Registered Users Posts: 602 ✭✭✭

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Posts: 553

Thanks for that.

So my bank will be taking their 1.75% on top of mastercards 1%. Has to be a better way of doing it.

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#4 03-01-2006 9:20am
John R

Registered Users Posts: 4,107 ✭✭✭

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Posts: 4031

transylman wrote:

Thanks for that.

So my bank will be taking their 1.75% on top of mastercards 1%. Has to be a better way of doing it.

Plus there is the €40 yearly tax on Irish credit cards.

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