Barclays Bank Great Exchange Rate Con

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Barclays Bank Great Exchange Rate Con

19 posts & 17 voices | Started 8 months ago by grantway | Latest reply from soobalias

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grantway - Member

Mrs went to Barclays Bank in East Ham East London last Saturday
to pay £ 15,000 into our Spanish bank account.

Now the British Sterling Pound was up 0.16p over the euro.
So the £ 15,000.00p should have been worth around 17,000.00p Euros.

Well Barclays Bank reckons the exchange rate was only worth 13,500. Euros?
That means they was charging 3,500 euros. And this did not even
include the £ 15.00p transfer fee !!!

They could not even work out our account number which is well written.

Anyone at Barclays Bank like to comment !!

Posted 8 months ago #
b r - Member

Didn't she check beforehand?

Wonder how many she'd get if she took them back out...

Posted 8 months ago #
sc-xc - Member

I would, but I'm busy trying to work out a way of feeding my kids next week. Hope you get your dilemma sorted.

Posted 8 months ago #
Routeunknown - Member

I'll exchange it for €15K 1:1 if you like.

Posted 8 months ago #
don simon - Member

Barclays and con, not two words you'd expect to see in the same sentence.

Posted 8 months ago #
TooTall - Member

That out-middle-classes most anything else I've read on here in years.

If you aren't sharp enough to sort out the transfer of £15k to another currency a little more in your favour, you deserve to get dry humped by every money-grabbing banker en route to your villa. Numpty.

Posted 8 months ago #
konabunny - Member

Useful comment. Drunk?

Meanwhile - for next time, OP - you should try using a money exchange service like that on xe.com. You send GBP from your UK GBP account to their UK GBP account, they send EUR from their EUR Spanish account to your EUR Spanish account.

Posted 8 months ago #
Hobster - Member

Are you sure they didn't get the FX rates the wrong way round?

Posted 8 months ago #
stevewhyte - Member

My Heart bleeds.

Im off to Aldi to do the shopping.

Posted 8 months ago #
Dancake - Member

That out-middle-classes most anything else I've read on here in years.

If you aren't sharp enough to sort out the transfer of £15k to another currency a little more in your favour, you deserve to get dry humped by every money-grabbing banker en route to your villa. Numpty

"hey, everyone, just thought you should know I have 15 grand. bye"

Posted 8 months ago #
don simon - Member

Im off to Aldi to do the shopping.

I'm off to my investment banker to buy Aldi, haw, haw, haw!

Posted 8 months ago #
Matt24k - Member

As you live in London you should have gone to http://www.bestforeignexchange.com/index.php
or any of the other central London exchanges. High St banks give amongst the worst rates especially when buying in foreign currency. It would have been fairly simple to google a better deal than the banks.
As for your case I would speak to the bank rather than random blokes that ride bikes. It sounds like a cock up has been made because at absolute worst I would have expected around 16,000 Euro last week.

Posted 8 months ago #
CharlieMungus - Member

A fool and his money are soon parted

Posted 8 months ago #
mudshark - Member

I'd like to think that my wife would have asked what exchange rate and other costs would be before doing the transfer.

Posted 8 months ago #
BoardinBob - Member

The person at the bank has got the FX rate the wrong way round. They've used the Euro to Sterling rate (0.87 right now) instead of Sterling to Euro (1.14)

Posted 8 months ago #
AlasdairMc - Member

That sounds right BB.

OP: did you get a receipt? In fact, your bank should have an unsolved reconciliation when they tried buying EUR with your GBP and got a lot more than expected!

Posted 8 months ago #
grantway - Member

Nope did not buy the Euros for obvious reasons.

I did go to another Barclays whom had said the other Barclays had given the value of
what they buy the Euros if we was selling them back to them?

We obviously bought else where

Posted 8 months ago #
brakes - Member

I don't know why anyone banks or deal with Barclays, utter moonlanders, never hear anything but negativity about them

Posted 8 months ago #
soobalias - Member

oh, ive had nothing but great service from barclays since 2002

Posted 8 months ago #

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