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First Rate - experts in foreign exchange services

Strong credentials, impressive experience.

First Rate has been jointly owned by Bank of Ireland and the UK Post Office® since 2002. But we have an even longer track-record in foreign exchange.

Being part of Bank of Ireland gives us access to one of the world’s largest, most highly respected wholesale currency dealing operations.

Similarly, we have helped change how people buy travel money: in just ten years, we have established the Post Office® as the UK’s leading foreign exchange retailer.

Key facts

  • The UK’s biggest, fastest-growing currency notes supplier
  • Europe’s major provider of traveller’s cheques and the second globally
  • With the Post Office®, pioneered 0% commission with competitive rates