Foreign exchange

There is no charge to convert money between currencies. Any costs are built into the agreed rate applied to the foreign exchange transfer, which includes our margin. The margin applied varies depending upon how much you want to trade.

To confirm the margin that will be applied to your trade, please contact us.

This depends on the currency pairing. Some foreign exchange transfers will settle over your account straight away, whereas others may settle the next day, or even the day after that, for some Far East currencies.

These are known as a same day or a spot foreign exchange transfer.

• Same day transfer means the currency exchange will appear over your account that day
• Spot value transfer means the foreign exchange transfer settles over the account 2 working days after being booked

An indication rate is the rate the Bank provides when a request for a foreign exchange is first made. Due to the speed with which the currency markets move, the rate indicated is only applicable for around 60 seconds.

You can get in touch with your Premier Banking Manager, reach out to us through your usual channel or contact us via the details below.

Yes, we have an experienced team of foreign exchange managers that will be able to assist you. To have a conversation with them, please contact us on the details below.

With so many factors in play, there is always some uncertainty as to whether a particular Foreign Exchange transaction could cost you more today than it would tomorrow. However, there are some steps you can take to help you make more informed choices. For example, if transacting over £250,000, you can get some guidance on the relevant options by speaking with our experienced Markets team.

Please get in touch through your usual channel and they can arrange this for you.

The weakness or strength of a currency can affect the buying/selling power of it. A weaker currency will yield a lower amount when converting into a stronger currency whereas a stronger currency will give a higher return when converting into a weaker currency.

Exchange rates are affected by a number of different factors, some long-term, others short-term. You can examine the various factors in detail and still have difficulty making an accurate prediction. Sometimes uncertain or unexpected events cause volatility in exchange rates.