foreign currency needed
foreign currency needed
Author
Discussion

MrJuice

Original Poster:

3,770 posts

187 months

Sunday 26th April 2015
quotequote all
I need to buy approx euro 27k and send it abroad on Monday. I bank with Lloyds and I'm sure they can process my payment but will charge a fair bit for it. Since the amount involved is 27k, even a small percentage differential would be material

Any ideas where I can change GBP to EURO electronically and quickly? I'd like to send my GBP to some exchange company and they send me back euro immediately. Is that possible? Any recommendations?

williaa68

1,540 posts

197 months

Sunday 26th April 2015
quotequote all
Good recommendation above but also if you have a sensible small business manager at Lloyds try calling them and haggling. All the banks know that the firms like HiFX and Caxton are eating their lunch and can be flexible.

Dicky Knee

1,100 posts

162 months

Sunday 26th April 2015
quotequote all
I recently used Thomas Exchange who were good on the rate (compared to Barclays) and good service. But I think the issue you will have is that the anti money laundering checks may take a day or so.

Dicky Knee

1,100 posts

162 months

Sunday 26th April 2015
quotequote all
I recently used Thomas Exchange who were good on the rate (compared to Barclays) and good service. But I think the issue you will have is that the anti money laundering checks may take a day or so.

Dominic H

3,289 posts

263 months

Sunday 26th April 2015
quotequote all
I use either Dominic Noel at Thomas Exchange, Market Place in London W1, or John Mullins at Global Reach Partners in The City.

https://www.thomasexchange.co.uk/contact_us.asp
https://www.globalreach-partners.com/

Used both for years, would recommend either.

MrJuice

Original Poster:

3,770 posts

187 months

Thursday 7th May 2015
quotequote all
Global reach partners were excellent. Highly recommended.

I'll probably open an account with Thomas exchange too cos they seemed very good as well when I spoke with them on the phone