Report Abuse

Report this review to the Review Centre Team

Here at Review Centre we work hard to make sure we are the best place on the internet for honest, unbiased consumer reviews - we are grateful for your help in keeping us that way!


Why are you reporting this review?

If you represent this business why not claim your page by creating a Free Business Account where you will receive improved review monitoring functionality.


HBOS International Funds Transfer Review - On...”

Written on: 21/04/2008 by letik (14 reviews written)

Good Points
It's an option.

Bad Points
1. Expensive. 2. No web access. 3. A 5-minute phone call to their 0845 number is the only way to find out today's exchange rate.

General Comments
HBOS International Funds Transfer Review - On 21.04.2008 I compared the rates for changing GBP into SEK in the following ways.

1. In cash, at an exchange office in Sweden (1 GBP = 11.7409 SEK at Forex or 11.713 at X-Change)
2. In cash, ordered via HBOS (1 GBP = 11.3436 SEK)
3. Electronic transfer via HBOS (1 GBP = 11.3095 SEK)

An electronic transfer via HBOS will give you 3.6% less SEK than changing GBP cash in Sweden. Additionally, for an electronic transfer, HBOS charges a flat fee of £19.50 a time.

Assume that a day trip to Sweden costs £120. If you need to send £3000 or more to Sweden, you'll get a better deal by flying there with a bag of cash than by sending the money electronically via HBOS.

(PS: I have not mixed up the "buy" and "sell" rates. Buying 1 GBP costs 12.116 SEK)

Was this review helpful? 0 0