BARCLAYS BANK FOREIGN EXCHANGE REVIEW
More information about Barclays Currency Transfers
Barclays website does not offer live currency exchange rates but instead the rates are updated daily and only give you an indication on what you may be expected to get. You need to be an existing customer to do a money transfer where you can visit a local branch for further details on currency exchange rates when you intend on making a currency transaction. Barclays buy and sell more than 60 types of foreign currency. Where you can choose between spot deals and forward contracts or protect yourself against adverse exchange rate movements.
Personal Exchange Rates
Barclays offer a retail currency exchange rate to all existing customers who need to send money abroad. All exchange rates shown exclude any commission or other associated charges which may apply when you conduct a currency transfer at a local branch.
Commercial Exchange Rates
Commercial exchange rates are offered to existing customers depending on the turnover of their business. Barclays offer a range of tariffs structured for business customers. These range from turnover less than 1 million to turnover above 1 million.
Using Barclays Bank
Barclays regularly review their charges to ensure that they remain competitive against other banks but not currency brokers so depending on if you are sending money for personal reasons or business reasons its best to look at all your options before doing a currency transfer. You may also incur transfer charges, receiving bank charges.
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