Frederick Posted May 4, 2014 Share Posted May 4, 2014 For money transfer I have just found these people ... Do you use them ? How have you found their service ?https://transferwise.com/ Link to comment Share on other sites More sharing options...
Lou Posted May 4, 2014 Share Posted May 4, 2014 I'm pretty sure they have also been discussed in the Finance section of this forum, but, yes, I used them for the first time a couple of months ago, following a friend's recommendation, and was perfectly satisfied with the service and the exchange rate given (near enough interbank rate). I'm intending to use them again in the near future. Link to comment Share on other sites More sharing options...
nectarine Posted May 4, 2014 Share Posted May 4, 2014 I've used them twice. Good rates, excellent customer service and you can check the progress of your transfer. Link to comment Share on other sites More sharing options...
Frederick Posted May 5, 2014 Author Share Posted May 5, 2014 Thanks for the replies.... I shall give it a go ! Link to comment Share on other sites More sharing options...
Frederick Posted May 13, 2014 Author Share Posted May 13, 2014 [quote user="nectarine"]I've used them twice. Good rates, excellent customer service and you can check the progress of your transfer.[/quote]Exactly as in your post Nectarine ....................They have me now .....set up transfer on the 11th I was informed by email when sent and told it would be in account by Wednesday.0900 ......Checked account today and it went in on the 12th ! ......Their message below...."The final rate was 1 GBP Pound Sterling = 1.2264 EUR Euro, and we charged you Ā£4.98 for the service. " Link to comment Share on other sites More sharing options...
idun Posted May 13, 2014 Share Posted May 13, 2014 I have just compared it to currency fair and I personally would have got an extra Ā£11 for my euros with currency fair, so I'll stick with currency fair. Link to comment Share on other sites More sharing options...
Rabbie Posted May 13, 2014 Share Posted May 13, 2014 [quote user="idun"]I have just compared it to currency fair and I personally would have got an extra Ā£11 for my euros with currency fair, so I'll stick with currency fair. [/quote]to help us put that. Into context what sort of totals are we talking about here. Ā£100', Ā£1000, Ā£10000 Link to comment Share on other sites More sharing options...
idun Posted May 13, 2014 Share Posted May 13, 2014 I tested that on a couple of thousand euros to transfer to GBP's. I don't have any to transfer yet, but that is usually my testing amount for exchange rates. I find that that is a good amount to 'test' with. Link to comment Share on other sites More sharing options...
SC Posted May 18, 2014 Share Posted May 18, 2014 I don't think that the amount transferred affects the exchange rate with Transferwise, my experience is it will be as near the ECB rate as makes no difference, depending on the movements at the time that the exchange is made. I've had slightly better, slightly worse. Their fee is 0.5%, minimum Ā£1.00, but it's the simplicity of the operation that ticks my boxes.I've used them a dozen or more times over the past two years, usually around tax time :-( Once you have an account, which after a few transfers you have to verify with copy of your passport, the process is smart, taking less than a minute to order the transfer.Their fast transfer service can be a facesaver if you make a booboo and need money in your bank on the same day, and it's reasonably priced.At the moment Transferwise is showing a better Ā£ to ā¬ rate than Currency Fair , so I don't think that you can bet on one being always better than the other.Steve Link to comment Share on other sites More sharing options...
idun Posted May 18, 2014 Share Posted May 18, 2014 I have just checked the ā¬Ā£ rate and I would still get more with currency fair. Naturally we all want the 'best' exchange rate and we can all check up before transferring as to what is on offer generally, taking into account that nothing is done 'instantly'. Link to comment Share on other sites More sharing options...
SC Posted May 18, 2014 Share Posted May 18, 2014 Not for pounds to euros, not for me, TW Ā£2000=2443CF Ā£2000=2442Depends on the moment....Steve Link to comment Share on other sites More sharing options...
SC Posted May 22, 2014 Share Posted May 22, 2014 "The final rate was 1 GBP Pound Sterling = 1.2357 EUR Euro, and we charged you Ā£4.98 for the service. "Transferwise - Ā£1000 ordered on Tuesday 14.31 UK time, and in my French bank account now, Thursday afternoon.I think the rate is slipping back now.Steve Link to comment Share on other sites More sharing options...
Tetley Posted June 2, 2014 Share Posted June 2, 2014 I can certainly recommend Transferwise.We used to use XE.com but we have used Transferwise several times now and gave a much better rate both times.I have also compared with moneycorp and currencyfair and transferwise has a better rate even after the 0.5% commission.The money was even deposited into our account abroad the same day on one occasion.If you use the link below your first transaction is commission free.http://transferwise.com/u/c466a Link to comment Share on other sites More sharing options...
PaulT Posted June 2, 2014 Share Posted June 2, 2014 The answer is to have accounts with TW and CF and when you want to transfer look at what you get from both and choose the best. Which ever one you go for you will get more than the banks. Link to comment Share on other sites More sharing options...
Racerbear02 Posted September 3, 2014 Share Posted September 3, 2014 I just used them for the first time, very impressed.I sent moneyfrom my French bank yesterday at 1500, it was in the UK bank this morning.Fast and efficient Link to comment Share on other sites More sharing options...
Yonner Posted September 3, 2014 Share Posted September 3, 2014 We use http://www.SmartCurrencyExchange.com. We have an account with them but I check others too. The service is as described for the others, very quick, very easy. We transfer Ā£3k at a time, so there is no additional commission. As at about 10.20 this morning, smart would have gained me 19 and 21 Euros over the other two. Not huge, but I'd rather it in my pocket............ Link to comment Share on other sites More sharing options...
Yonner Posted September 3, 2014 Share Posted September 3, 2014 Sorry, I don't know how to make that a hyperlink, can anyone tell me how to? Link to comment Share on other sites More sharing options...
nomoss Posted September 3, 2014 Share Posted September 3, 2014 Like this [url] http://www.SmartCurrencyExchange.com [/url]Click on the "Quote" button to see what to type Link to comment Share on other sites More sharing options...
Araucaria Posted September 3, 2014 Share Posted September 3, 2014 I would (and do) recommend CurrencyFair, as it's possible to get them to do a regular automatic payment, without any need for you to do anything after initially setting up a bank standing order to them.I find this very convenient for getting my monthly sterling pension automatically exchanged to euros and transferred into my French euro account. My experience with other transfer companies was that they weren't prepared to do this. But perhaps Transferwise will? Link to comment Share on other sites More sharing options...
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