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Old 26.08.2013, 20:46
Wisey Wisey is offline
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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 14:48. Reason: removed referral portion of link
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