Low Cost Transfer Money Overseas - Transferwise

Discussion in 'Motorhome Chat' started by Wombles, Oct 13, 2014.

  1. Wombles

    Wombles Funster Life Member

    Joined:
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    Just had to pay deposit for holiday apartment in Portugal next year & method of payment had to be bank transfer so shocked by bank fees for this we used Transferwise for the first time with good exchange rate & only £1 fee(y) Newish scheme backed by Richard Branson. It looks a bit daunting to use at first but their support staff are excellent & easy once you know how. Main tips are to input the IBAN without any full stops & tick the box for a fixed target payment to ensure that your recipient receives the desired amount.
    Hope this might be of use to someone as an alternative to paying high bank fees for this service:) If you go through Quidco you get £5 cashback too!
     
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