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|
|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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