In a word - yes. With WeSwap, people swap currency at the real mid-market exchange rate (the one you see quoted on Google and websites like xe.com), and we charge as little as 1%.
With banks and bureaux charging anything up to 11% (and sometimes even more than that), that's up to 90% cheaper.
See below for a recent comparison - we checked these rates on competitor websites, TravelMoneyMax and over the phone on 5th May 2017.
| £ - € Rate | % over interbank | Advertised fees | You get | Difference | |
|---|---|---|---|---|---|
| WeSwap | 1.179 | 1% | 1% | € 1,168.00 | |
| Travelex Heathrow | 1.065 | 10.70% | 0% | € 1,065.00 | -€ 103.00 |
| Natwest Bank | 1.126 | 4.70% | 0% | € 1,126.00 | -€ 42.00 |
| Marks & Spencer | 1.149 | 2.61% | 0% | € 1,149.00 | -€ 19.00 |
| Post office (online) | 1.153 | 2.25% | 0% | € 1,153.00 | -€ 15.00 |
| Tesco Online | 1.152 | 2.30% | 0% | € 1,152.30 | -€ 15.70 |
| Travelex Collection | 1.148 | 2.62% | 0% | € 1,148.20 | -€ 19.80 |
Rates checked 05.05.2017 14:00, looking at £1000 - €. The interbank was: 1.17931. Rates were those quoted online at MoneySavingExpert.com and over the phone.
What’s more, if you join us and bring 5 new friends to WeSwap then you can swap completely free, at the pure mid-market exchange rate, for life. That's people power.
Feel free to check out all our fees and limits here if you like.
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