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Old 26.08.2013, 21:46
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TransferWise - Currency Transfer

Just wanted to share my recent experience of completing a money transfer from UK to CH.

After checking with my banks and realising how much I would lose in exchange rates, I decided to look for another option. After a bit of research (mainly through http://www.moneysavingexpert.com/) I decided to give TransferWise a go:

http://transferwise.com/

It is a peer to peer currency service with low fees and they use the mid-market rate. A reasonable explanation can be found on Money Saving Expert: (scroll down to the TransferWise section)
http://www.moneysavingexpert.com/ban...rency-exchange

You have to prove your identity by sending copies of documents (passport or ID, proof of address), but this can be done by sending a photo of the documents. Once they varify your identity they´ll send confirmation. I found the service pretty good, I received e-mail confirmation with an estimated delivery time of the money into my CH account and then confirmation once the transfer was complete.

Anyway, my experience of this service was positive and I saved hundreds of pounds compared to if I had sent the money via my bank.

Last edited by 3Wishes; 23.11.2014 at 15:48. Reason: removed referral portion of link
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  #2  
Old 26.08.2013, 22:00
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Re: TransferWise - Currency Transfer

I use www.currencyfair.com which offers the same service. Very happy with ease of use.
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Old 22.10.2013, 16:16
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Re: TransferWise - Currency Transfer

I've used Transferwise for quite some time now, and have by now saved quite a few thousands in total by sending between the UK and NL. Very happy to see it's also available in CH!
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Old 22.10.2013, 16:59
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Re: TransferWise - Currency Transfer

Here we go again!

For anyone else who just wants to cut through the crap.

TransferWise is peer to peer with a twist, they charge 0.5% each way or 1% spread. So though competitive it's not the best out there.

Edit: +1 to the moneysavingexpert link
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Old 25.10.2013, 14:23
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Re: TransferWise - Currency Transfer

So... who is the most competitive ?
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Old 30.06.2014, 16:34
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TransferWise

Have anyone ever used TransferWise sending money to / receiving money from your home country? Is it reliable? Tks.
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Old 30.06.2014, 16:46
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Re: TransferWise

See this thread from April this year for some recommendations for the TransferWise service, amongst others: Transferring money back to the UK
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Old 30.06.2014, 17:08
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Re: TransferWise

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Have anyone ever used TransferWise sending money to / receiving money from your home country? Is it reliable? Tks.
While I prefer currencyfair for many reasons, I also used transferwise before and, yes, they are (both) reliable.
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Old 06.01.2015, 15:40
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Transferwise

Anybody got any experiences with this outfit.

Yes I did use the search function but neither Transfer wise nor Transferwise came up with anything useful.
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Old 06.01.2015, 16:01
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Re: Transferwise

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Anybody got any experiences with this outfit.

Yes I did use the search function but neither Transfer wise nor Transferwise came up with anything useful.

Yes. Recommended.

Use the google powered search for a better results list
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Old 06.01.2015, 16:05
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Re: Transferwise

Yes, we've used them quite a few times. Easy, cheap, quick, no problems at all.
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Old 06.01.2015, 16:10
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Re: Transferwise

I have used them and the first time was VERY slow (made a transfer to Canada before they were officially IN Canada. Now they are, so problem solved). But Customer Service was extremely attentive and no problems since then. It is very cheap, and I highly recommend them now. Sir Richard Branson is an investor, and seems to help with their marketing a lot, so they are pretty serious.

fduvall
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Old 06.01.2015, 16:37
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Re: Transferwise

+1 for Transferwise. I have been using them regularly over the last 3/4 months without any issue. The first transfer took about 48 hours. After that, all transfers have been complete in the same day. I guess the fisrt transfer takes longer as they have to authenticate all the docs that you upload to create an account.
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Old 06.01.2015, 18:16
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Re: Transferwise

Contact user ChrisNeedsToKnow - he talks about Transferwise all the time.
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Old 06.01.2015, 18:56
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Re: Transferwise

Thank you all for your replies. Can't complain about their charges and the exchange rate is quite remarkable.
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Old 06.01.2015, 20:25
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Re: Transferwise

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Contact user ChrisNeedsToKnow - he talks about Transferwise all the time.
I personally prefer currencyfair for many reasons. But I guess transferwise is also reliable and OK, just the flexibility isn´t the same.

Hard to explain in a few words, and I posted about the differences in detail before.

Maybe just use both ways to experience the difference. Any informed user will IMHO prefer currencyfair, while transferwise obvisouly also does the trick.
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Old 07.01.2015, 12:37
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Re: Transferwise

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Maybe just use both ways to experience the difference. Any informed user will IMHO prefer currencyfair, while transferwise obvisouly also does the trick.
Thanks, I will check out CurrencyFair.
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Old 08.01.2015, 00:11
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Re: Transferwise

I've had excellent experience with World First ...
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Old 08.01.2015, 00:28
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Re: Transferwise

Have a very good experience its Transferwise. Used it for high value transactions to the states as well as India. Overall value adjusted for exchange rate and fee comes out to be pretty good. pM me for a referral with which both of us can benefit..😄
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Old 08.01.2015, 14:34
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Re: Transferwise

I "was" going to use Transferwise, but after I found out I would first have to transfer the money to them, then they would transfer the money to the recipient I decided not to do it. I did the transfer directly and it took only 2 days. With Transferwise it would have taken 5-6 days, at least for my situation. Also when I spoke with customer service they said they "might" need a snapshot of the transfer I made from my bank for security reasons. I decided not to use a middleman. However, I will check out currency fair. I never heard of this one.
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