In a word - yes. With WeSwap, people swap currency at the real mid-market exchange rate, 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:
| £ - € Rate | % markup | You get | Difference | |
| WeSwap | 1.1100 | 1.00% | € 1,110.00 | |
| HSBC (€ Rate) | 1.0713 | 4.45% | € 1,071.30 | -€ 38.70 |
| Natwest € | 1.0677 | 4.77% | € 1,067.70 | -€ 42.30 |
| M&S € | 1.0770 | 3.94% | € 1,077.00 | -€ 33.00 |
| Tesco walk in € | 1.0612 | 5.35% | € 1,061.23 | -€ 48.77 |
| Post Office online delivery € | 1.1010 | 1.80% | € 1,101.00 | -€ 9.00 |
| Travelex Heathrow € | 0.9844 | 12.20% | € 984.42 | -€ 125.58 |
Rates checked 19.06.2019 at 11:31. £1000 – EUR. Rates were those quoted on the respective provider websites, at MoneySavingExpert.com, or over the phone.
What’s more, if you join us and bring 3 new friends to WeSwap then you can swap completely free, for life. That's people power.
Feel free to check out all our fees and limits here if you like.
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