Question
I am about to do a large money transfer. I’m looking at using either wise, money Corp or Foreign currency direct. Has anyone had any personal experience using either of these. I have heard that although wise is the best money transfer option for smaller transfers, they are not great for large transfers? Thank you
Answers
These are the answers of some Facebook group members:
“I’ve used Wise (previously Transferwise) for 6 years. Totally reliable – they offer the going exchange rate and money arrives within 24 hrs. I transferred the money from the sale of my house in the UK but from memory I remember I had to do it in batches – £30,000 at a time.”
“I’ve used moneycorp and they were great. However post January I checked and they transfer from a UK bank so you may get charged to receive the money. I’ve since used wise and they transfer from an EU IBAN. So no charges….”
“I’ve used Revolut successfully, very competitive live exchange rate and nil fees.”
“I used Currency Direct for a larger sum last week. They were recommended to me and I was very happy with the service.”
“Cw.com. Free for large transfers and same day. Good rates”
“Here you can find several alternatives, but I would recommend transferring money in batches: I believe this blog post may be helpful, check it out! https://spainguru.es/2021/09/11/alternatives-to-a-traditional-spanish-bank-account-and-money-transfer-services-account/ “
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