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Post by red_panda on Sept 18, 2015 8:07:20 GMT
SS received my SEPA transfer of €504.2. They received £356.96. If I were to send the same over Transferwise today, they would receive £367.64. Hence, the exchange rate would have been better using the latter. I wonder if there is a threshold value where SEPA is the better option than Transferwise. Anyone knows?
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Post by red_panda on Sept 18, 2015 8:01:41 GMT
SS received my SEPA transfer of €504.2. They received £356.96. If I were to send the same over Transferwise today, they would receive £367.64. Hence, the exchange rate would have been better using the latter.
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Post by red_panda on Sept 17, 2015 11:55:40 GMT
SS replied. All's fine! "We will just amend your auto-deposit to what the actual deposit is, which may result in a small negative balance but that is ok as you can either send more to cover or wait until you receive interest on your investment at the end of the month."
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Post by red_panda on Sept 16, 2015 18:35:49 GMT
I made the SEPA transfer in EUR, so there will definitely be no fees associated with it, at most I can loose on the exchange rate, but I expect it to be close to the mid-market rate. I should know by Friday, so will let you guys know how it compares to what Transferwire would give me. Likewise will let you know how SS responds.
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Post by red_panda on Sept 16, 2015 16:15:16 GMT
Thanks guys. I'll drop an email to SS just in case
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Post by red_panda on Sept 16, 2015 15:59:31 GMT
Thanks. SEPA transfers within EU have 0 bank fees. Yes, exchange rate might not be the best.
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Post by red_panda on Sept 16, 2015 15:43:54 GMT
I just started with SS and made my first deposit with a SEPA transfer EU bank to Barclays. The issue I have is that while in SS I selected £370 as my deposit, my bank allows me to only input a € value. I used today's currency rate and sent €504.2. What if the exact currency rate is slightly off and SS receive a different value than £370? Will they let me know if it's either more or less? What if I already invested the £370 and the exact deposit ends up being a pound lower? Will my investments get canceled?
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