Jump to content
Complete France Forum

Nationwide v Post Office


PaulT

Recommended Posts

Just put Excel to a good use - comparing Nationwide with the Post Office.

Nationwide uses Visas rate (and this will depend when it is processed) less 2% and a charge of £1 for each transaction.

Today Visa rate is 1.169926. Take 2% off of this and it gives a rate of 1.146527

The Post Office is giving 1.1429

Now, if you construct a spreadsheet where in the first column the GBP is increasing from £10 by £10 on each row and then calculate what you will get from Nationwide on the basis of:

(Amount - £1) x actual rate - i.e (£200 - £1) x 1.146527

Post office

Amount x rate - i.e. £200 x 1.1429

Up until approx £317 you get more euros via the Post Office.

Now my Nationwide card will only allow me to draw £300 a day. Therefore, based on todays rates, I will get more euros by using the Post Office. -

Looks like it wil be the Post Office for me - BUT we are off on Saturday, with the Irish problem will the exchange rate change in a favourable way?

Just checked and Travelex pre order rate is even better than the PO.

 

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

×
×
  • Create New...