Transferring Money Outside Ireland
If you have amounts of more than €3000 to exchange and transfer to an overseas bank – you will usually get better rates from using specialised currency brokers instead of your own bank.
If you are planning on making a large currency transfer – using a currency specialist company is the cheapest way of converting your Euros to Pounds or US Dollars or other currencies.
Fexco is an Irish company that can exchange your money and transfer the funds to your chosen bank account overseas. Fexco was established in 1981 in County Kerry and now employs over 2,300 people in 29 countries. They are authorised as a payment services provider by the Central Bank of Ireland and are also regulated by the Financial Conduct Authority for the conduct of payment business in the UK. You can get a quick quote online at the Fexco Website
Currency Solutions are specialised currency brokers who are authorised by the Financial Conduct Authority in the UK
They can carry out transfers to Sterling, US Dollars, Australian Dollars, Thai Baht – and all major currencies. You can make a no-obligation enquiry about your currency requirements. All you need is a bank account to transfer the money from and another one to pay it into.
You can call Currency Solutions on their Irish number 01 431 1344 or on their UK number 0044 207 740 0000 . Ask for the Money Guide Ireland contact – Ernie Enver. He should be able to give you a quick response to any queries. You can also get a quote on their website.
For smaller transfers, you could try CurrencyFair .
They operate “peer to peer” currency exchange – cutting out the banks and for a small fee allow you to get exchange rates that are pretty close to the interbank rates. These are good for sending smaller payments to family abroad or for purchases in foreign currencies. They have no minimum transfer amount and they accept payments by Irish debit card.
Transfermate is a Dublin based currency exchange company that anyone can use to send or receive international payments. Transfermate is regulated by the Central Bank of Ireland and also registered with UK HM Customs & Excise. They are also regulated across the United States, Canada, Europe and Australasia. You can set up an online account and arrange currency transfers via their website or phone them in Dublin 01 6353776