currency transfer

Member since 02 August 2019

tre4stempNew member28 August 2019 10:50:50

Greetings Team, does anyone have any experience/recommendations with regard to currency transfers. There are so many scams out there I'm nervous to transfer a large sum of money to someone I don't know. TIA, Trevor Stemp

SimCityAT Expert

Member since 08 April 2014

SimCityATExpert28 August 2019 10:55:51

11645

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

Johncar Spain expert

Member since 25 November 2013

JohncarSpain expert28 August 2019 15:36:37

1412

Trevor.

As you say there have been cases of transfer companies going bust so due diligence is required, which hopefully will result in no nasty surprises

When I transfer money to Philippines i do so from Nationwide U.K.

Be aware in Spain it is not unusual for the receiving bank to charge commission just for the deposit.

With my bank when I opened the account I negotiated a maximum charge. Had I not done that I could have had a nasty shock as I did the first time I did it 30+ years ago with another bank. I learnt from that !