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Recommendations for Currency Transfers please

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Posted: Mon Mar 11, 2019 4:05pm
35 replies716 views17 members subscribed
Gailytripping

Posts: 17

Location: La Zenia

Hi, 

Never having used currency transfer companies before; are there any recommendations, or tips to help with this topic please 

Gail 

John56

John56

Very helpful member

Mon Mar 11, 2019 4:08pm

Posts: 1233

Location: La Zenia

900 helpful posts

Posted: Mon Mar 11, 2019 4:08pm

Gailytripping wrote on Mon Mar 11, 2019 4:05pm:

Hi, 

Never having used currency transfer companies before; are there any recommendations, or tips to help with this topic please 

Gail 

We have used Travel FX and Currencies Direct in the past, great service from both companies, also there is Transferwise that has received good comments in another post on the Forum, see the link.

Transferwise

Gailytripping

Gailytripping

Original Poster

Mon Mar 11, 2019 4:12pm

Posts: 17

Location: La Zenia

Posted: Mon Mar 11, 2019 4:12pm

Thank you for your very promt reply :)

RayD

RayD

Very helpful member

Mon Mar 11, 2019 4:12pm

Posts: 1318

Location: Catral

846 helpful posts

Posted: Mon Mar 11, 2019 4:12pm

I used to use WorldFirst but this last year have used TransferWise, who have consistently given better rates.

Gailytripping

Gailytripping

Original Poster

Mon Mar 11, 2019 4:28pm

Posts: 17

Location: La Zenia

Posted: Mon Mar 11, 2019 4:28pm

thank you 

Kimmy11

Kimmy11

Super helpful member

Mon Mar 11, 2019 4:57pm

Posts: 968

1025 helpful posts

Posted: Mon Mar 11, 2019 4:57pm

I'd recommend Transferwise:

https://transferwise.com/

If you're in Spain when you look at their site, it will probably default to Euros, so use the drop down menu on the top currency box to change it to Sterling or whichever currency you want to transfer.  Also, make sure the fee box is showing "Low Cost transfer" (£3.66 per £1,000), or use the drop down menu to change it (for some reason, mine keeps defaulting to "Fast Transfer" - £5.65 per £1,000 - so I have to change it).

Once you've signed up for an account with Transferwise, you can add your UK online banking details, so that you can set up transfers very quickly.

Kind regards,

Kim

Gailytripping

Gailytripping

Original Poster

Mon Mar 11, 2019 5:05pm

Posts: 17

Location: La Zenia

Posted: Mon Mar 11, 2019 5:05pm

Thank you Kim :)

Neil2018

Mon Mar 11, 2019 5:21pm

Posts: 2

Location: Gandia

Posted: Mon Mar 11, 2019 5:21pm

Hi, we've been using both Currencies Direct and HiFX, been getting a better rate from HiFX.

Helen05

Mon Mar 11, 2019 7:22pm

Posts: 49

Location: Los Altos

7 helpful posts

Posted: Mon Mar 11, 2019 7:22pm

You should try Transferwise, once your account is set up a transfer can take seconds from one bank account to another.

paulsav

paulsav

Helpful member

Tue Mar 12, 2019 10:10am

Posts: 258

Location: Villena

126 helpful posts

Posted: Tue Mar 12, 2019 10:10am

I too recommend Transferwise, always using the low cost transfer fee, but 1 tip, I did a transfer last night and as I had changed banks since last time at payment stage I opted for using my debit card instead of bank and without any warning it did the transfer but changed the fee from £10.43 to £16.40. Only realised after the completion. I had never used the drop down menu before and it always defaulted to low fee so didnt realise differrence. I,ve emailed them to suggest adding a warning message to highlight the fee change. Havent looked at rate this morning but got 1.1756€.

Regards

Pauline.

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