euro to sterling

IRISHROVER98

im going north soon and will be changing over money. anyone know what the cost is to change? does it depend on the amount? would i be better going up with euro and getting it changed in the shops?

Toots

How far up North are you going? If it's Newry and the like some of the shops up there actually take Euro, and you can get some decent deals. The amount it costs to change it in a bank here depends on how much you change. I know with BOI the minimum is €1.25 and the max is €6.35. I assume other banks are similar. You can change it commission free if you have a student account with them or if you have a Golden years account.

AFAIK the some post offices do commission free FX, but the only drawback is that they'll only sell you the sterling, so if you've got any left over when you come back, they won't buy it back from you.

IRISHROVER98

banbridge and newry. the current rate is 0.84 but is there any chance of getting 85 or dare i say 86 anywhere?

Atlantic Dawn

Unless you are doing a few k just get it from an atm, not worth inter county driving to save £5.

IRISHROVER98

it is cash that i will have, its not in my account

Toots

0.84 is the mid rate, you're not going to get that in a bank.

pow wow

It's hovering just under 82p at the bank at the moment. Some shops in Banbridge and Newry will give you a better rate than that, some won't (the days of 1 euro to 1 pound are pretty much gone).

The difference in whether you go to an ATM in the North or get it at a bank first in ROI is only going to be a few euro, and possibly not worth the hassle.

IRISHROVER98

so just change it in the bank and cut my losses?

Toots

It'd probably be the handiest. Some banks have a buyback deal where you can bring back a certain amount and if you keep your receipt they'll change it back to Euro at the same rate, so you might make up some of the loss there.