Cheapest method to exchange US cheque to € in Ireland

endeval

Hi Folks,

I have cash from selling shares in my shares account.
It's not a personal bank account in my name (normal for shares accounts) and so I cannot use CurrencyFair or TransferWise, etc and then exchange and transfer cheaply to Ireland.


Does anyone have any ideas how I could transfer the cash from US to Ireland and exchange to euro while paying the least commission rate and best exchange rate?
The options I have at the shares company to disburse cash are;
1 - Wire transfer
2- Cheque in Dollars

Thanks in advance
James

Walter2016

Wire transfer will be cheapest by a mile.

Foreign cheque takes 4 weeks to clear, has a processing charge and will have a poor exchange rate.

If its a substantial amount try contacting the banks trading room.

endeval

Thanks Walter,

If I am transferring this from my shares account to say, Bank of Ireland, can I barter the exchange rate and commission with BOI?

(I am trying to understand what to expect in terms of charges and exchange rate yielded by Wire transfer with BOI)
Thanks,
James

Walter2016

endeval wrote: »

Thanks Walter,

If I am transferring this from my shares account to say, Bank of Ireland, can I barter the exchange rate and commission with BOI?

(I am trying to understand what to expect in terms of charges and exchange rate yielded by Wire transfer with BOI)
Thanks,
James

You'd have to ask - if its over $30,000 I'm sure you could.

endeval

Thanks Walter

endeval

So, indeed, I contacted BOI, Global Markets in Dublin, Personal Banking division and got a discount on a standard rate with a rate guarentee.
not bad, thanks for the tip off.
James

Walter2016

endeval wrote: »

So, indeed, I contacted BOI, Global Markets in Dublin, Personal Banking division and got a discount on a standard rate with a rate guarentee.
not bad, thanks for the tip off.
James

Where do I send the fee note?