The bank's transfer fee and horrible exchange rate mark-up means that you'll receive less money when exchanging currency.
Instead, learn how to keep more of your own money.
Find out more about CurrencyFair with this free guide to its service and how it can help save you money, as well as other tips and advice.
Money transfers with CurrencyFair
I have always had a nagging feeling that although many currency exchange services say 'fee free' you know deep down that a fee is wrapped up in the actual exchange rate and there is no way of working out what you are being charged.