Sainsbury’s Bank Exchange Rates

Sainsbury’s Bank was established in 1997 by one of the largest supermarket chains in the UK – Sainsbury. Before 2013, Lloyds Bank had a share in the business, similar to Tesco Bank (formed in ’98 with RBS). The bank offers a variety of banking services, including UK’s longest 0 percent credit card .

Sainsbury’s Bank Exchange Rates Overview

The exchange rates of different currencies offered by Sainsbury’s are almost always on par with the cheapest travel money providers and one of the cheapest banks. On the other hand, it should be stated that Sainsbury’s Bank holiday money is rarely the cheapest. 

Does Sainsburys have a good exchange rate?

As you can see from the table below, Wise provides far better rates:

 Currency Sainsbury 1000 GBP =  Wise 1000 GBP = Additional Info
 GBP to Euro 1,138.8125 EUR 1,167.9782 EUR More Details
 GBP to US Dollars 1,219.4531 USD 1,245.6311 USD More Details
 GBP to Australian Dollars 1,847.0592 AUD 1,919.7587 AUD More Details
 GBP to Turkish Lira 35,231.7014 TRY 40,307.2708 TRY More Details
 GBP to Canadian Dollars 1,637.9870 CAD 1,715.7800 CAD More Details
 GBP to Swiss Franc 1,087.5768 CHF 1,138.6971 CHF More Details
 GBP to Japanese Yen 180,813.5357 JPY 189,770.2965 JPY More Details

Additional Providers:

Check it for yourself – view how Sainsbury’s Bank compares to other providers on our rate comparison chart.

About Sainsbury’s Travel Money service – Review:

Alongside other travel money providers of the same nature (Asda, Tesco) – Sainsbury’s is a massive food retailer with revenues of a whooping £23bn each year. With origins that go back into 1867 and spotless reputation, going into lucrative industries like banking and energy seemed like the obvious choice. That’s why everybody knows about Sainsbury’s Bank and their multitude of financial services like Mortgages, Loans, Credit Cards, Saving accounts, Insurance plans or Travel money.

The advantages of using Sainsbury’s are as follows:

  • Competitive exchange rates and zero-percent commission on all foreign denomination.
  • The multi-currency cash passport Travel Money card is available at all bureaux outlets.
  • It can be ordered directly by phone.
  • Next day home delivery available for both phone and online orders done from Monday to Thursday by 2pm, excluding bank holidays.
  • You can collect special Nectar points on every online, phone and in-store bureau order.
  • Free delivery provided on orders above 500 British pounds.

Disadvantages:

  • The Travel Card is subject to varying ATM fees that may be charged by different ATM service providers.