Comparing conversion rates

The rates charged for converting pounds into euro zone currencies varies greatly between AIB and Bank of Ireland

The rates charged for converting pounds into euro zone currencies varies greatly between AIB and Bank of Ireland. Yesterday AIB said it would charge £3.50 to convert £100 into another euro zone currency. Bank of Ireland would charge £2.25. A recent EU report showed the average cost of a credit transfer of €100 from Ireland is €25.61, the highest in the euro zone.

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up to the Business Today newsletter for the latest new and commentary in your inbox

  • Listen to Inside Business podcast for a look at business and economics from an Irish perspective