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cheapest way to buy sterling?

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  • 11-12-2008 12:39am
    #1
    stek
    Registered Users Posts: 379 ✭✭


    I need to buy £6000 sterling, can someone tell me the cheapest way to do this? Obviously find a bank with the best selling exchange rate, butb is there anyway to avoid paying the commission/ bank charges?
    Thanks for your help

    edit- is it true OAP's dont pay bank charges?


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    #2
    Thomas_S_Hunterson
    Closed Accounts Posts: 6,151 ✭✭✭Thomas_S_Hunterson


    stek wrote: »
    I need to buy £6000 sterling, can someone tell me the cheapest way to do this? Obviously find a bank with the best selling exchange rate, butb is there anyway to avoid paying the commission/ bank charges?
    Thanks for your help

    Ask a student to do the exchange for you? Most banks give student's commission-free forex.

    I'm sure they'd do it for the price of a six-pack, well I would :p


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    #3
    GerardKeating
    Registered Users Posts: 7,650 ✭✭✭GerardKeating


    stek wrote: »
    I need to buy £6000 sterling, can someone tell me the cheapest way to do this? Obviously find a bank with the best selling exchange rate, butb is there anyway to avoid paying the commission/ bank charges?
    Thanks for your help

    edit- is it true OAP's dont pay bank charges?

    With BoI yep, used to get mum to get FX for me... not sure of AIB...


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    #4
    Scottie99
    Registered Users Posts: 1,250 ✭✭✭Scottie99


    http://www.hifx.co.uk/personal.aspx

    I've used them a few times, much better value than the banks


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    #5
    unclebill98
    Registered Users Posts: 3,816 ✭✭✭unclebill98


    For that amount your going to have to be a customer of the bank you walk into. Dunno about other banks but UB's max commission charge is 2.54.

    OAP's get charged.


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    #6
    stek
    Registered Users Posts: 379 ✭✭stek


    hey thanks for the replies, is that 2.54% or €2.54? thanks.


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    #7
    IsThatSo?
    Closed Accounts Posts: 988 ✭✭✭IsThatSo?


    Given that you are buying such a large amount don't forget to pre-order, BUT the real reason I posted is that you might also be able to haggle on the rate a smidgen :) OK, usually the rate bands are something along the lines of <10k, 10-50k, etc. But it might be worth asking them when you go to buy if thats the best rate they can offer :)


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    #8
    unclebill98
    Registered Users Posts: 3,816 ✭✭✭unclebill98


    stek wrote: »
    hey thanks for the replies, is that 2.54% or €2.54? thanks.

    2.54euro. Sorry I've a Mac, no euro sign.

    Yes pre ordering it is also a very good thing to do. You'd be hard pressed to get any bank haggle the rate for the amount. Over 20k and you could.


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    #9
    Thomas_S_Hunterson
    Closed Accounts Posts: 6,151 ✭✭✭Thomas_S_Hunterson


    unclebill98 wrote: »
    2.54euro. Sorry I've a Mac, no euro sign.

    [alt]-2 should do it


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