fattyramone
New Member
๐จ๏ธ 228
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June 2012
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International money transfers ....., by fattyramone on Mar 26, 2015 12:38:08 GMT 1, It's been quite a few years now since I've needed to do a international money transfer as a payment method. For some reason or other it always seems to be Germany that likes to deal with IBAN transfers and won't accept payment in any other form.
From memory it was always a long winded and expensive way of doing business , needing a physical trip to my bank and lots of form filling etc, etc , So I cautiously gave these guys a try
transferwise.com
it couldn't be easier , it took all of 10 mins from scratch and it was done and dusted.
and the cost? ...I transferred โฌ520 at a total cost to me of ยฃ1.86
very impressed , recommended.
...and "no" , I don't work for them!
It's been quite a few years now since I've needed to do a international money transfer as a payment method. For some reason or other it always seems to be Germany that likes to deal with IBAN transfers and won't accept payment in any other form. From memory it was always a long winded and expensive way of doing business , needing a physical trip to my bank and lots of form filling etc, etc , So I cautiously gave these guys a try transferwise.comit couldn't be easier , it took all of 10 mins from scratch and it was done and dusted. and the cost? ...I transferred โฌ520 at a total cost to me of ยฃ1.86 very impressed , recommended. ...and "no" , I don't work for them! |
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Deleted
๐จ๏ธ 0
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January 1970
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International money transfers ....., by Deleted on Mar 26, 2015 13:08:38 GMT 1, thats not bad, IBAN is just a European wide standard code that utilises the account detials and SWIFT codes you would normally use if you asked yer bank to do it - mine demand ยฃ25 for this service!
it shouldnt be a long winded process as any IBAN can be broken down to its constituent fields that are understandable when disentagled- for some reason, we still haker after sort codes and shit here rather than adopt the more logical IBAN sequence
thats not bad, IBAN is just a European wide standard code that utilises the account detials and SWIFT codes you would normally use if you asked yer bank to do it - mine demand ยฃ25 for this service!
it shouldnt be a long winded process as any IBAN can be broken down to its constituent fields that are understandable when disentagled- for some reason, we still haker after sort codes and shit here rather than adopt the more logical IBAN sequence
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tartarus
Junior Member
๐จ๏ธ 2,628
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February 2013
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International money transfers ....., by tartarus on Mar 26, 2015 13:14:00 GMT 1, Thats got to be cheaper than paypal rinses you for as well hasn't it?
Edit: about 12 quid cheaper! no protection though i guess.
Thats got to be cheaper than paypal rinses you for as well hasn't it?
Edit: about 12 quid cheaper! no protection though i guess.
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fattyramone
New Member
๐จ๏ธ 228
๐๐ป 219
June 2012
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International money transfers ....., by fattyramone on Mar 26, 2015 13:19:24 GMT 1, My only minor gripe was that despite me completing it on Thursday morning was that it wasn't in their account till Monday morning , although I was made aware of this instantly .
I guess this is more the fault of the banking system in general rather than the fault of "Transferwise".
My only minor gripe was that despite me completing it on Thursday morning was that it wasn't in their account till Monday morning , although I was made aware of this instantly .
I guess this is more the fault of the banking system in general rather than the fault of "Transferwise".
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fattyramone
New Member
๐จ๏ธ 228
๐๐ป 219
June 2012
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International money transfers ....., by fattyramone on Mar 26, 2015 13:22:44 GMT 1, I guess the "protection" that paypal offers is built into using a credit card if it comes down to the crunch?
I guess the "protection" that paypal offers is built into using a credit card if it comes down to the crunch?
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Deleted
๐จ๏ธ 0
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January 1970
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International money transfers ....., by Deleted on Mar 26, 2015 13:34:35 GMT 1, There will not be any protection for a bare bones money transfer system - they will guarantee it gets to the account you provided and thats it
TBF though, if you did it through your bank from your account, it would not have any protection either
only use BT when you are 110% sure of the reciepient
There will not be any protection for a bare bones money transfer system - they will guarantee it gets to the account you provided and thats it
TBF though, if you did it through your bank from your account, it would not have any protection either
only use BT when you are 110% sure of the reciepient
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Deleted
๐จ๏ธ 0
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January 1970
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International money transfers ....., by Deleted on Mar 26, 2015 13:36:59 GMT 1, they may have rinsed out on the FX side- depending on how you did it- but you would not really know this at the time, they would just quote a an amount in GBP to get XXXX Euros- this spread can be pretty wide
they may have rinsed out on the FX side- depending on how you did it- but you would not really know this at the time, they would just quote a an amount in GBP to get XXXX Euros- this spread can be pretty wide
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fattyramone
New Member
๐จ๏ธ 228
๐๐ป 219
June 2012
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International money transfers ....., by fattyramone on Mar 26, 2015 13:50:27 GMT 1, FX side ??.....what's that? .....Currency exchange I'm guessing?
If so your probably right.
But I guess all all financial exchange institutions use the buy/sell rate under/over the base rate to do business.
And yes , I take on board your warning to need to have trust in who you send money transfers too
FX side ??.....what's that? .....Currency exchange I'm guessing?
If so your probably right.
But I guess all all financial exchange institutions use the buy/sell rate under/over the base rate to do business.
And yes , I take on board your warning to need to have trust in who you send money transfers too
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WILLYBKLN
New Member
๐จ๏ธ 973
๐๐ป 670
October 2013
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International money transfers ....., by WILLYBKLN on Mar 26, 2015 14:12:36 GMT 1, Always use transfer wise for USD --> GBP payments, saves me a ton of money..highly recommend it to anyone.
Always use transfer wise for USD --> GBP payments, saves me a ton of money..highly recommend it to anyone.
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trees
New Member
๐จ๏ธ 131
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April 2014
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International money transfers ....., by trees on Mar 26, 2015 14:29:22 GMT 1, Thanks for info. I did an int'l transfer using my bank (Chase), and it costed me $40 usd.
Thanks for info. I did an int'l transfer using my bank (Chase), and it costed me $40 usd.
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kfroms
Junior Member
๐จ๏ธ 1,781
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October 2011
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International money transfers ....., by kfroms on Mar 26, 2015 14:44:12 GMT 1, I am using Transfer Wise since more then a year now as I got annoyed with Natwest's charges.
Great service, reliable and they keep adding currencies / countries.
I am using Transfer Wise since more then a year now as I got annoyed with Natwest's charges.
Great service, reliable and they keep adding currencies / countries.
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love
Junior Member
๐จ๏ธ 1,649
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October 2009
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International money transfers ....., by love on Mar 26, 2015 14:48:44 GMT 1, Bitcoin ... send it for free and cut the third man.
Bitcoin ... send it for free and cut the third man.
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ashley123
New Member
๐จ๏ธ 48
๐๐ป 16
October 2019
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International money transfers ....., by ashley123 on Oct 22, 2021 23:17:54 GMT 1, Sorry for bumping the thread, but I need to transfer money abroad for the first time. What services do you use? I heard that Remitly is popular. I've already addressed it via remitly phone number and found out the details. But maybe someone can recommend other good services.
Sorry for bumping the thread, but I need to transfer money abroad for the first time. What services do you use? I heard that Remitly is popular. I've already addressed it via remitly phone number and found out the details. But maybe someone can recommend other good services. |
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kfroms
Junior Member
๐จ๏ธ 1,781
๐๐ป 2,728
October 2011
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International money transfers ....., by kfroms on Oct 23, 2021 8:13:52 GMT 1, I use Wise ( formerly Transferwise ) since years - great, reliable, low fees and fast. Can only recommend!
Edit:
Just saw I said the same back in 2015! :-)
I use Wise ( formerly Transferwise ) since years - great, reliable, low fees and fast. Can only recommend!
Edit:
Just saw I said the same back in 2015! :-)
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eureka
New Member
๐จ๏ธ 30
๐๐ป 13
January 2021
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International money transfers ....., by eureka on Oct 23, 2021 10:50:01 GMT 1, Revolut is great as well - mobile, very very low transaction fees and super fast transfers
Revolut is great as well - mobile, very very low transaction fees and super fast transfers
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