Is it possible to transfer money to another bank and convert money there?
Hello, I would like to know if it’s possible to trasnfer money to that bank, which offers better exchange rate and convert currency there?
Bee
7 years ago
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Steven J
Currexy.com
7 years ago
Bee, thank you for the question. Doing a transaction in a foreign currency and in a different bank means that you will be charged with foreign transaction fees. That’s why you should do some calculations and assess if it’s worth doing and whether stronger exchange rate will pay off. In theory, you are allowed to do it.
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