Natwest Foreign Exchange

By reviews Last updated: 24th June 2011

NATWEST BANK FOREIGN EXCHANGE REVIEW

More information about Natwest Bank Money Transfers

The Natwest 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 visit your branch for details of exchange rates at the time of making the transaction. Natwest bank offer two types of currency rates for it’s existing customers.

Personal Exchange Rates

There is the retail currency exchange rate which is available to all Natwest customers wishing to send personal funds abroad. All exchange rates shown exclude any commission or other associated charges which may apply.

Commercial Exchange Rates

Commercial currency exchange rates are offered to any UK business with annual turnover of £1 million to £25 million. Whereas a business you will get a better currency rate when you have a Natwest business account. All exchange rates offered exclude any commission or other associated charges which may be charged.

Using Natwest Bank

If you are looking to send currency abroad for any reason then you may find using Natwest branch staff inexperienced as this is not the core part of their training or business, plus they can be expensive based on transfer charges and obtaining the best exchange rate unless you are prepared to haggle with the banking staff and may have to take proof they are not offering you the best exchange rate. There are no guarantees that they will match or beat competitive rates offered.

Disclaimer Compare Money Transfer represent the most recent information available at the time of writing - Every effort is made to keep the site accurate, however we cannot guarantee that a provider has not increased or decreased fees or charges associated with a particular product or changed its features, obligations, benefits or terms and conditions.