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Money transfer

Posted: Wed Apr 27, 2022 10:10pm
13 replies466 views5 members subscribed
Paulr

Posts: 12

3 helpful points

Location: Mojacar

Joined: 22 Jan 2020

Hi guys,

Any recommendations? Wise or Revolut for transferring money ex-UK account. Probably £1k at time.

Thanks

LosPardoslady

Posted: Thu Apr 28, 2022 7:46am

LosPardoslady

Helpful member

Posts: 603

424 helpful points

Location: Vera

Joined: 22 Jun 2019

Posted: Thu Apr 28, 2022 7:46am

Wise has always worked well for me.   Simple process and money is often credited before I come out of the app.

Alicia 11

Posted: Thu Apr 28, 2022 9:12am

Alicia 11

Super helpful member

Posts: 2105

1781 helpful points

Location: Mojacar

Joined: 30 Sep 2019

Posted: Thu Apr 28, 2022 9:12am

we use Wise it is in our account in seconds and is always a good rate of exchange.  

Peterlee4

Posted: Thu Apr 28, 2022 9:53am

Peterlee4

Helpful member

Posts: 495

403 helpful points

Location: Mojacar

Joined: 5 Oct 2017

Posted: Thu Apr 28, 2022 9:53am

Wise every time, excellent service, good exchange rates and not silly charges....

Joan49

Posted: Thu Apr 28, 2022 11:52am

Posts: 88

42 helpful points

Location: Mojacar

Joined: 27 Jul 2021

Posted: Thu Apr 28, 2022 11:52am

Paulr wrote on Wed Apr 27, 2022 10:10pm:

Hi guys,

Any recommendations? Wise or Revolut for transferring money ex-UK account. Probably £1k at time.

Thanks

I use smart currency. Excellent rate no charges. I.e. when the rate was 120 i got 119.5. I thought that was good but I dont know wise maybe someone can give an example of what they get. Always good to look ar

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Peterlee4

Posted: Thu Apr 28, 2022 12:24pm

Peterlee4

Helpful member

Posts: 495

403 helpful points

Location: Mojacar

Joined: 5 Oct 2017

Posted: Thu Apr 28, 2022 12:24pm

Joan49 wrote on Thu Apr 28, 2022 11:52am:

I use smart currency. Excellent rate no charges. I.e. when the rate was 120 i got 119.5. I thought that was good but I dont know wise maybe someone can give an example of what they get. Always good to look ar

Wise give you the rate of the day so if the exchange rate is 1.19 then that's what you get and transferring £1000 will cost about £3.45.

Joan49

Posted: Thu Apr 28, 2022 12:32pm

Posts: 88

42 helpful points

Location: Mojacar

Joined: 27 Jul 2021

Posted: Thu Apr 28, 2022 12:32pm

Peterlee4 wrote on Thu Apr 28, 2022 12:24pm:

Wise give you the rate of the day so if the exchange rate is 1.19 then that's what you get and transferring £1000 will cost about £3.45.

Thanks nice to know. 

psy1967

Posted: Thu Apr 28, 2022 4:46pm

psy1967

Helpful member

Posts: 200

216 helpful points

Location: Velez-Rubio

Joined: 29 Jun 2016

Posted: Thu Apr 28, 2022 4:46pm

Revolut for me.  Almost zero buy/sell spread, real-time rates, zero fee and instant transfers.  You can also use it for other financial products if you want to, e.g. share investment, crypto, commodities, savings, virtual card for online purchases...all sorts.  

DarioMartin

Posted: Fri Apr 29, 2022 7:22am

DarioMartin

Legendary helpful member

Posts: 5378

6400 helpful points

Location: Vera

Joined: 16 Aug 2017

Posted: Fri Apr 29, 2022 7:22am

Another vote for Wise from me.  Nothing is ever completely fee-free - all services have to make money to continue operating, but I transferred £1000 in, converted to € in the app at the days rate which cost me 3,76€ conversion fee, then transferred the € to my bank which was 0,28c transfer fee and the money was in the bank in seconds.

I like its simplicity, that I can do everything I need in-app, the fact someone from UK can do a direct transfer to you from their bank (paying to the EU IBAN Wise allocates) and you can use it AS a bank account.  Wise will also give you both a digital and physical card you can use.  You can also set up various recipients and pay to them from Wise.

I have family in the UK and have had to send money there on occasion. Via Bank … EXPENSIVE.  Via Wise, dead easy and very very very cheap.

Bootesey

Posted: Sun May 1, 2022 7:53pm

Posts: 42

27 helpful points

Location: Mojacar

Joined: 7 Jan 2022

Posted: Sun May 1, 2022 7:53pm

We used Currency Direct just past the Mojácar roundabout, excellent service from Sam with no charges and a good rate of exchange.

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