Thread: Any experiences with transferwise money services?

Me too^

Tried a few, but Transferwise always most reasonable.

Often arriving several hours, even a day earlier than they tell you

i'm with citi does the thai end charge a fee or and % to receive from transferwise?

^No


What you send is what you will get

Originally Posted by DJ Pat

^No


What you send is what you will get

I agree with that being as when I used 'Transferwise' I didn't get charged the usual 500 Baht 'handling fee' by Bangkok Bank. Whereas when I've used 'Hifx' I did. I no understand.

My Australian bank charges 20 AUD (490 baht) for transfers to a Thai bank. The Thai bank charges 200 baht. So each transfer costs 690 baht regardless of amount. More expensive but very quickThe transfer time is same day and often is done in a few hours. I never convert currency before sending as the Oz bank conversion rate is a rip off.
It's quick and easy on line and I'm kikiet. I looked at transferwise and although it was cheaper for small amounts it was more expensive for larger amounts and also looked like too much assing around to do the transaction. X E. maybe better.

anybody tried the borderless account yet and applied for a card ?

https://transferwise.com/gb/borderless/

Wondering if it works out cheaper/more convenient in some situations than now i.e. sending from uk to thai account then using Thai card.

Looks like a easy way to hedge against potential currency swings regardless.

Should go without saying bottom line is best net in bin.

Any developments in the transfer industry?

Asking for a friend wanting to transfer a chunk from UK to Thailand; transferwise max per transaction is 2m bt which would require several transactions though with safety in mind that's probably a good idea, didn't check though XE is probably similar, while Superrich is best but only for cash.

I gave up on Transferwise: I doubt they'll ever implement the THB - NZD pairing I need.

I've just been going with Swift transfers for regularly monthly transfers and anything substantial I just call the bank and negotiate and book in a rate. Not ideal but it works.

I have used TransferWise in Thailand and Indonesia. Exchange rates are excellent and charges very low. Usually very quick too, transferred in 5 or 10 minutes usually.

Not sure but I think they are a US company, but as my transfer is from a UK bank I use their UK branch to do my sterling transfers for free.

Only delay experienced can be up to 24 hours for a public holiday at either end.

Transferwise offers a better rate but their fee for 2m baht limit is £262, which starts getting a bit dear with multiple transactions. UK bank fee is around £30, though the crooks at this end shave 1-2% off the street rate which starts almost 2% less than online exchanges.

2 days ago Transferwise was charging a £262 fee on £50k; same deal yesterday and their fee rose to £320 ffs! Someone's taking the piss, and bottom line even before this hike was a no-brainer with XE ahead by 0.5%.

I just transferred £2500 from Barclays bank to Bangkok bank, fee £8.

Originally Posted by buriramboy

I just transferred £2500 from Barclays bank to Bangkok bank, fee £8.

What net rate did you get, to compensate for the low transfer fee?

^^ Do the (GBP amount - fee) x rate = sum received, calculation. How long did it take?