Sending Euros - che...
 

  You don't need to be an 'investor' to invest in Singletrack: 6 days left: 95% of target - Find out more

[Closed] Sending Euros - cheapest way?

19 Posts
13 Users
0 Reactions
53 Views
Posts: 13916
Free Member
Topic starter
 

I need to send about 6000 euros to someone, I've used the Halifax before but it was quite spendy, who might be cheaper?


 
Posted : 27/06/2016 3:29 pm
Posts: 0
Free Member
 

Finding a time machine 😕

(PayPal owed payment if they're trustworthy?)


 
Posted : 27/06/2016 3:33 pm
Posts: 13916
Free Member
Topic starter
 

It's actually to a company..... We waited until last Friday to get a bets rate 🙁


 
Posted : 27/06/2016 3:38 pm
Posts: 931
Free Member
 

Transferwise


 
Posted : 27/06/2016 3:42 pm
Posts: 36
Free Member
 

transferwise

if you use this link
https://transferwise.com/u/0cc91
you get £3k's worth transfered for free (so do I)

transferwise wil give you the true mid market price, no slushy margins like at the bank. vg VFM.


 
Posted : 27/06/2016 3:43 pm
Posts: 0
Free Member
 

We waited until last Friday to get a bets rate

And now you are worried about what it costs?

That ship has sailed.


 
Posted : 27/06/2016 3:48 pm
Posts: 13916
Free Member
Topic starter
 

You're right, and ironically the payment is for a boat charter!
Thanks for the heads up on transferwise, I'll look into that.


 
Posted : 27/06/2016 3:57 pm
Posts: 4170
Free Member
 

Look at currencyfair.com as well - I have no link to them other than having used them several times and found them very good - peer to peer with a very low fee; I don't know how they compare to transferwise.


 
Posted : 27/06/2016 4:52 pm
Posts: 569
Free Member
 

Concur for Transferwise, used it to pay for my Bird Aeris 😀


 
Posted : 27/06/2016 4:55 pm
Posts: 305
Free Member
 

I've used Currency fair loads of times and you can get a market beating rate as its a peer to peer

Transfers are only 3 eur and using the this link the first one is free and you get a free 30EUR

[url= https://www.currencyfair.com/?channel=R9UVP1 ]https://www.currencyfair.com/?channel=R9UVP1[/url]


 
Posted : 27/06/2016 5:07 pm
Posts: 16346
Free Member
 

I just used my online banking. £4 fee but the rate wasn't great compared the claimed rate on Google. Don't know if you can actually get that rate but I was in a hurry to get it done before Friday.


 
Posted : 27/06/2016 5:21 pm
Posts: 36
Free Member
 

nick - the "fee" is usually irrelevant, the rate can be eye-wateringly bad.

The likes of transferwise transact at the mid market rate (i.e. they do not take the margin that banks take on the transaction). They just take the v modest fee. Currency conversion margin fees by banks are terrible, and are finally dying thanks to the likes of transfer-wise, but unfortunately most people dont understand the numbers and continue to use their banks.


 
Posted : 27/06/2016 6:18 pm
Posts: 0
Free Member
 

Yep, would recommend transferwise too. Very quick, easy to use, and was the most cost-effective option when I researched this a while back.


 
Posted : 27/06/2016 6:45 pm
Posts: 13916
Free Member
Topic starter
 

Thanks for the input everyone ...... tansferwise it is. Will probably be using your code Stoner, ta!


 
Posted : 28/06/2016 7:45 am
Posts: 36
Free Member
 

Thanks sharkbait.
That'll soften the blow on moving summer holiday money what with the chipped conversion rate at the moment 🙂


 
Posted : 28/06/2016 8:03 am
Posts: 7544
Free Member
 

I'd recommend [url= http://www.revolut.com ]Revolut[/url], there's no fees and it's at the inter-bank rate.


 
Posted : 28/06/2016 8:12 am
Posts: 467
Free Member
 

transferwise for one off's for sure. For regular frequent transfers, the more traditional transfer houses are 'easier' in that they will do the payment automatically on a set frequency.


 
Posted : 28/06/2016 8:45 am
Posts: 8652
Full Member
 

Stoner, I cheekily used your link last night. Hope that isn't a problem


 
Posted : 29/06/2016 6:29 am
Posts: 36
Free Member
 

R-B - that's most welcome! 😀
Anyone can use it for free transfers. That's the gig.


 
Posted : 29/06/2016 6:56 am
Posts: 8652
Full Member
 

Good 🙂 It gave me a £15 discount, handy thanks


 
Posted : 29/06/2016 7:40 am

6 DAYS LEFT
We are currently at 95% of our target!