Do banks (Lloyds/Barclays) still have two rates when transfering money abroad ( tourist rate and business rate)

allgram | 06:41 Fri 09th Sep 2011 | Personal Finance

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Hello, my daughter is going to transfer 10 k to our a/c in Spain (she with Lloyds), when my wife and I lived in the U.K. three years ago there were two exchange rates for your £-€ with Barclays (tourist and business) what has she to do to get the much better business rate. Or is that a thing of the past?
Thank you very much for your help/
allgram.

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twix123

I don't know about Lloyds TSB or Barclays, but NatWest makes transfers at the business rate of the day. The tourist rate normally refers to exchanging currency notes and also has a different rate for buying and selling, which allows for a profit margin especially when advertised as commission free.

allgram

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Ahhh, Thank you twix123.

allgram.

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