I am just sharing info with UK based crypto community how to transfer funds to EU based exchanges without losing money on the currency exchange rates and bank fees.
Short story: use Fidor bank ( https://banking.fidorbank.uk/register?ibid=96205313 ) to transfer pounds to Euros or Dollars at the best market rate and with minimal 2.5£ per transfer fee.
Long story:
Living in UK and transferring money to and from various bitcoin exchanges can be a bit of a pain, as banks add heavy transfer fees and offer pretty bad exchange rates. Additionally, other services such as Transferwise don’t allow transfers to Bitstamp and other exchanges.
However, there is a bank which provides low SEPA fee and great GBP to euro rate.
Fidor bank (https://banking.fidorbank.uk/register?ibid=96205313 ) offers SEPA transfers with 2.5£ fee and exchange rate (1.1368) at the time of writing (25/06/2017) ... In contrast with other popular Banks:
1- http://www.santander.co.uk/uk/current-accounts/current-account-faqs/
2 -http://www.eurotransfer.co.uk/bank-rates/
3- http://www.barclays.co.uk/Helpsupport/Internationalpayments/P1242593395280
4- https://www.halifax.co.uk/onlinebankinghelp/international-payments/
5- https://www.hsbc.co.uk/1/2/international-money-transfer/details
6- https://community.fidorbank.uk/smart_questions/i-like-the-gbp-eur-exchange-ra
7- https://www.mastercard.us/en-us/consumers/get-support/convert-currency.html
P.S. If you know the cheaper way to transfer GBP to EU based Crypto exchanges, could you please share?
P.S.2 I have been using Fidor for couple of years, its seems OK bank.