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best value in sterling

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  • 09-09-2009 9:31pm
    #1
    kingshankly
    Registered Users Posts: 7,579 ✭✭✭


    buying a car up north and am looking to get approx 12kstg where is my best bet is it bureau de change or can i bargain with my bank


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    #2
    The Rooster
    Registered Users Posts: 4,510 ✭✭✭The Rooster


    If you've already agreed a price with the garage, then currency.ie or xe.com could be use to transfer the money from your account to the garage's bank account.

    I recently was transferring dollars to someone's account and was going to do it through my Ulster bank branch. But I checked out currency.ie and ended up saving about 1% by going through them (so in your case that'd be around £120). Dunno if the banks can be bargained with - maybe with the commission but not with the rate I think.

    The downside is that for anti-money laundering reasons they do need a copy of your passport and utility bill to confirm your identity before they can act.
    And if you need cash I don't think they can provide it.


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    #3
    patbrady877
    Closed Accounts Posts: 46 ✭patbrady877


    whoever you do it with - make sure you do it soon - sterling is currently trading at 0.873 - this is higher than in recent previous months. Lots of suggestions that sterling will pull back over the coming weeks.

    You can loose 10% in the blink of an eye if you dont keep tabs on it.


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