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Hi everyone, does anyone have their UK state pension paid into a UK bank and then sent weekly/monthly by standing order to transferwise and if so have you had any problems? I am not interested in sending it directly to my Spanish account as I feel I can get a better rate with ¨Wise¨. Thank you.
Not had any issues. Mine goes directly into Spanish account, my wife’s into our Uk account, as we have interests in Uk. However, the rate I get is better on a like to like basis, so it’s personal choice. Her civil service pension goes into the Spanish account, and very good rate.
Posted: Sat Mar 15, 2025 11:06pm
Helpful member
Lmj18 wrote on Sat Mar 15, 2025 9:40pm:
Not had any issues. Mine goes directly into Spanish account, my wife’s into our Uk account, as we have interests in Uk. However, the rate I get is better on a like to like basis, so it’s personal choice. Her civil service pension goes into the Spanish account, and very good rate.
Thanks for your help.
Hi.
That is what we do. Then we can control the conversion rate. If it goes direct from bank to bank it is usually below market. WISE are really cheap in comparison.
Posted: Sun Mar 16, 2025 4:03pm
Get it paid in pounds to your Wise account then convert it to euros, simples.
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Looey wrote on Sun Mar 16, 2025 4:03pm:
Get it paid in pounds to your Wise account then convert it to euros, simples.
The last payment I received directly to my Spanish account, the rate was 1.22, so a very good rate.
Uk a/c , then via wise when required to Sp bank. Can th4 choose best rates.
Posted: Sun Mar 16, 2025 7:40pm
Never had any problems at all. Every month my husband and I drink ours over when the rate is good as it fluctuates every day
Posted: Sun Mar 16, 2025 8:06pm
Helpful member
Thanks everyone. I´ve used wise for years and never had problems but never before used a standing order, always done it when I needed to. These answers have reassured me and I will set up a standing order. Thanks again.
Posted: Sun Mar 16, 2025 8:08pm
Helpful member
Frances123 wrote on Sun Mar 16, 2025 7:40pm:
Never had any problems at all. Every month my husband and I drink ours over when the rate is good as it fluctuates every day
Thanks Frances,, I hope ¨drink¨ is a TYPO.
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