Understanding the Table:
The comparison table above helps you see the total cost of your Ally Bank currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
The Ally Bank USD to GBP business exchange rate is 0.6865. This is -6.9% compared to the latest USD-GBP mid-market rate 0.7371.
As Business exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to British pound (GBP) rates from different sources before making a conversion.
The above Ally Bank - Business Dollar to Sterling comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Ally Bank and other foreign exchange providers against the latest USD-GBP mid-rate and the possible savings of using various providers.
Looking at the full USD to GBP - Send Money comparison table the provider with the best Business USD to GBP exchange rate is OFX at 0.7345, -0.35% from the latest mid-market rate 0.7371.
The next best is XE at 0.7327, -0.6% from the mid-rate.
Then Wise at 0.7323, which is -0.65% from the mid-rate.
The Western Union rate is 0.7297 which is -1% from the mid-rate.
Among the banks the Chase Bank rate is 0.6843 at -7.2% the Wells Fargo Bank rate is 0.6798 at -7.8% and the Citibank rate is 0.7137 at -3.2% compared to the mid-rate 0.7371.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Ally Bank often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
