stevio
Member of DD Central
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Post by stevio on Dec 28, 2017 16:56:59 GMT
Trying to work out the best way to transfer money between currencies I see some platforms like Mintos do this for a fee - is there a list of the fees and this economical? A quick search for sending foreign currency brought up the following comparison site that seems to give up to date exchange rates. Any other comparison sites?: www.moneysupermarket.com/current-accounts/international-money-transfer/This site gives some alternatives too www.moneysavingexpert.com/banking/foreign-currency-exchangeI have a foreign currency fee free Credit Card and noted that some sites allow credit card payments - anyone tried this and does it get logged as a purchase or a money transfer? Transferwise seems to be suggested frequently |
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p2pmark
Member of DD Central
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Post by p2pmark on Dec 28, 2017 17:22:53 GMT
Trying to work out the best way to transfer money between currencies I see some platforms like Mintos do this for a fee - is there a list of the fees and this economical? A quick search for sending foreign currency brought up the following comparison site that seems to give up to date exchange rates. Any other comparison sites?: www.moneysupermarket.com/current-accounts/international-money-transfer/This site gives some alternatives too www.moneysavingexpert.com/banking/foreign-currency-exchangeI have a foreign currency fee free Credit Card and noted that some sites allow credit card payments - anyone tried this and does it get logged as a purchase or a money transfer? Transferwise seems to be suggested frequently I suggest using currencyfair. They offer good rates, and low commission. There is also a new user bonus, worth 30 euro to the referrer and referee, if you invest 2k euro or more.
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Post by buttchopf23 on Dec 28, 2017 18:14:07 GMT
Use Revolut (on weekdays) or transferwise
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Post by wiseclerk on Dec 28, 2017 20:17:53 GMT
I'd also suggest Revolut
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elliotn
Member of DD Central
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Post by elliotn on Dec 29, 2017 2:22:31 GMT
Revolut and midpoint.com for me.
Edit - for foreign currency credit card purchases then Revolut, you get spot* in local currency as a normal purchase (although it would replace your existing CC).
(*one ot two illiquid currencies may be slightly off spot which happens with me for THB but I'm assuming you wouldn't be buying from somewhere too risky).
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stevio
Member of DD Central
Posts: 2,065
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Post by stevio on Jan 21, 2018 20:10:20 GMT
Anyone tried Starling bank? It gives a free bank card which you pay for from Revolut, also seems to work worldwide
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Post by nigel610 on Feb 1, 2018 11:38:46 GMT
Trying to work out the best way to transfer money between currencies I see some platforms like Mintos do this for a fee - is there a list of the fees and this economical? A quick search for sending foreign currency brought up the following comparison site that seems to give up to date exchange rates. Any other comparison sites?: www.moneysupermarket.com/current-accounts/international-money-transfer/This site gives some alternatives too www.moneysavingexpert.com/banking/foreign-currency-exchangeI have a foreign currency fee free Credit Card and noted that some sites allow credit card payments - anyone tried this and does it get logged as a purchase or a money transfer? Transferwise seems to be suggested frequently I used revolut and 1st time ok if you got the limit on card they want to basically want to know what comes out of your arse to raise the limit on your account
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stevio
Member of DD Central
Posts: 2,065
Likes: 894
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Post by stevio on Feb 1, 2018 12:11:41 GMT
Trying to work out the best way to transfer money between currencies I see some platforms like Mintos do this for a fee - is there a list of the fees and this economical? A quick search for sending foreign currency brought up the following comparison site that seems to give up to date exchange rates. Any other comparison sites?: www.moneysupermarket.com/current-accounts/international-money-transfer/This site gives some alternatives too www.moneysavingexpert.com/banking/foreign-currency-exchangeI have a foreign currency fee free Credit Card and noted that some sites allow credit card payments - anyone tried this and does it get logged as a purchase or a money transfer? Transferwise seems to be suggested frequently I used revolut and 1st time ok if you got the limit on card they want to basically want to know what comes out of your arse to raise the limit on your account Yes, I had same problem - I just sent them photo of account opened on laptop screen showing account number, name and address and transfer to Revolut - they raised it immediately
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Post by roberti on Feb 2, 2018 2:24:22 GMT
Hi Stevio,
Strongly suggest Transferwise, Low Frees and fast transfers.
They offer 'Mid Market Rates' unlike the banks...unless your exchange HUGE amounts!!
Been using them almost a Year now, for exchange / transfer to my Thai Bank.
Over the year there fees have dropped & transfers got faster (Normally Next day)
Check it out Mate!
Kind regards,
Robert
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Post by nigel610 on Feb 3, 2018 10:38:21 GMT
I used revolut and 1st time ok if you got the limit on card they want to basically want to know what comes out of your arse to raise the limit on your account Yes, I had same problem - I just sent them photo of account opened on laptop screen showing account number, name and address and transfer to Revolut - they raised it immediately I mean revolut have a limit on there bank account and they want 3 months statement plus where you got the money from which I think is over the top
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Post by nigel610 on Feb 3, 2018 12:03:35 GMT
Trying to work out the best way to transfer money between currencies I see some platforms like Mintos do this for a fee - is there a list of the fees and this economical? A quick search for sending foreign currency brought up the following comparison site that seems to give up to date exchange rates. Any other comparison sites?: www.moneysupermarket.com/current-accounts/international-money-transfer/This site gives some alternatives too www.moneysavingexpert.com/banking/foreign-currency-exchangeI have a foreign currency fee free Credit Card and noted that some sites allow credit card payments - anyone tried this and does it get logged as a purchase or a money transfer? Transferwise seems to be suggested frequently I used revolut and 1st time ok if you got the limit on card they want to basically want to know what comes out of your arse to raise the limit on your account I have been looking to transfer as well if you look at a certain comparison site moneysa there is voucher s for exchanges
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Nomad
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Post by Nomad on Feb 3, 2018 12:12:17 GMT
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ding
Member of DD Central
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Post by ding on Feb 3, 2018 13:53:40 GMT
I use transferwise for personal spot transactions. And currencyfair for myco. My customers pay EUR into the account and then I choose when to convert. I find you can get better rates then transferwise using their market (not spot), but there is a withdraw charge. If anyone wants a referral for either DM me  For myco I might change to Worldfirst. There rates are worse then the above two, but they do forward contracts. |
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