Receiving wages from a US company, any decent banks/money transfer services?

[swissdt]

Hey guys,


Figured there could be some here who do international transfers without getting hit from every angle with inflated exchange rates and charges.

I'm in the final process of ironing out work with a US company, and just seeing if theres a better way to get paid than wire transfer and lots of fee's at the US end.

Cheers!

[jamesbrown]

Yup. TransferWise. Incredibly simple, intuitive, UI and close to interbank rates. Overall, it works out to around 0.3% charges on Cable, I think, compared to, say, 2%+ charges with a highstreet bank (on a rate that is often nowhere near interbank to begin with). No connection, just a happy customer - I have both personal and business accounts.

[jamesbrown]

Wait, didn't I just reply to this?

[ladymuck]

I think there's an echo

[NCOTBAC]

Yup. TransferWise. Incredibly simple, intuitive, UI and close to interbank rates. Overall, it works out to around 0.3% charges on Cable, I think, compared to, say, 2%+ charges with a highstreet bank (on a rate that is often nowhere near interbank to begin with). No connection, just a happy customer - I have both personal and business accounts.

Hope that helps.

[swissdt]

Thanks will check out the link James

Not sure how I managed a double post

[NotAllThere]

Wait, didn't I just reply to this?

I think there's an echo

Not sure how I managed a double post

It happens. Duplicate deleted, jamesbrown's post moved to this one.

[ladymuck]

It happens. Duplicate deleted, jamesbrown's post moved to this one.

We know that, it's just more fun to take the mickey

[Fred Bloggs]

As an alternative (not much between Transferwise and this mob) try XE dot com . I have been using them regularly for a few years now, they are extremely efficient and cheap. They are especially good for lower amounts since there is no minimum fee involved. I can also recommend using a Revolut card to help juggle a multi-currency lifestyle too. Hope that helps.

[swissdt]

Thanks Fred!

I signed up for transferwise which impressed me at the intuitiveness and ease of it all, i'll keep xe in mind as a backup too