Fuerteventura Forum

General Chit Chat & Queries - no commercial links => Money, Currency & Banks etc. => Topic started by: F1REFLY999 on January 27, 2015, 12:08:31 PM

Title: Tranferwise
Post by: F1REFLY999 on January 27, 2015, 12:08:31 PM
Hi everyone just started using a new company to do transfers at superb rates....Transferwise.

TransferWise, a money transfer startup that uses peer-to-peer technology to charge significantly less than banks to send money abroad, has raised $58 million in new funding from venture capital giant Andreessen Horowitz, and at a valuation of $1 billion according to the Financial Times. Andreesen`s co-founder Ben Horrowitz will be joining the board and said in an official statement that with “no innovation from the traditional banking sector, we see massive opportunity for new financial institutions like TransferWise.”

The funding represents a new vote of confidence for the burgeoning financial-technology or ‘fintech` sector in London and a major step for Transferwise, which was launched in 2011 and co-founded by one of the first engineers at Skype. It has since picked up 250 employees and helped process £3 billion ($4.5 billion) in transactions. Revenue has grown 15-20% a month for the last two and a half years, and the company says it was on course to break even earlier this year but has been ploughing money back into the business.

If you use this link it will save you your first transfer fee  https://transferwise.com/as/66822

I am not advertising for this company in any way just thought some of my fellow forum users who do transfers could save some cash. 8)

Transferwise have reduced their rates for transferring currencies...my link above still works for 1 free transfer.  ;D
Title: Re: Tranferwise
Post by: decho on January 27, 2015, 12:38:16 PM
You mean it took you THIS long to work out how good Transferwise was?
Title: Re: Tranferwise
Post by: F1REFLY999 on January 27, 2015, 12:43:43 PM
Hi Decho I normally use Caxton but you live and learn  >:(
Title: Re: Tranferwise
Post by: oystercatcher on January 30, 2015, 21:13:28 PM
Used them on Monday morning after the rate had stabilised post Greek election.  Great rate £1.3368 less £5 per £1000 fee. Told that transfer would take place on Wednesday.  Money in La Caixa, visible and available by Tuesday evening.

Haven't used banks for years but my FX company had a 3 day cycle plus Caixa didn't show it until day 4, although then dated day 3. 

Impressive.
Title: Re: Tranferwise
Post by: F1REFLY999 on January 31, 2015, 00:53:42 AM
Cheers oystercatcher...If you used my link it would have saved you the £5  :D
Title: Re: Tranferwise
Post by: F1REFLY999 on February 19, 2015, 13:03:26 PM
Quick...completed my transaction with TransferWise at 5:30 last night @ â,¬1.35 and was in my Solbank account this morning  :o

Title: Re: Tranferwise
Post by: Archer on February 19, 2015, 14:31:23 PM
That is quick! Can you set a rate of exchange that you would like to acheive, like I do with Currencyfair, and then let it sit there until the rate moves or you get a match?
Title: Re: Tranferwise
Post by: F1REFLY999 on February 19, 2015, 17:04:04 PM
Hi archer you can set percentage parameters against the current rate.
Title: Re: Tranferwise
Post by: F1REFLY999 on February 24, 2015, 17:06:53 PM
Even better news for transfers http://m.bbc.co.uk/news/business-31611261
Title: Re: Tranferwise
Post by: silent_running on February 24, 2015, 17:19:48 PM
And.. http://m.bbc.co.uk/news/business-31603163 (http://m.bbc.co.uk/news/business-31603163) which may be better news for those who have a property/living here.
Title: Re: Tranferwise
Post by: Kyle on February 25, 2015, 11:53:35 AM
in the throes of completing a house purchase and got 1.359 this morning, lucky boy re timing!

Firefly - used your link also , slàinte!
Title: Re: Tranferwise
Post by: TamaraEnLaPlaya on March 01, 2015, 00:25:41 AM
getting even better - I got 1.372 with TW compared to 1.17 a year ago.
Title: Re: Tranferwise
Post by: F1REFLY999 on March 05, 2015, 10:48:32 AM
1.38 this morning  :D
Title: Re: Tranferwise
Post by: decho on March 05, 2015, 12:31:10 PM
It will be nice when it overtakes the $ rate...anyone care to take a guess?
Title: Re: Tranferwise
Post by: TheCooler on March 05, 2015, 13:53:40 PM
with this favourable rate , does anyone know of any british bank that would lend/ further advance to pay off a foriegn mortgage?
Title: Re: Tranferwise
Post by: bksk2004 on March 06, 2015, 14:13:20 PM
Used Transferwise for the first time this week. Did deal on Tuesday money in bank  in Fuerte this morning.  Great rate and very straight forward.

BK
Title: Re: Tranferwise
Post by: fuerte crazy on March 07, 2015, 08:34:28 AM
We always use Transferwise these days.  Very easy to use and the money goes into our Solbank account usually the same day if not the next working day.  Great rates everytime so far.
FC
;D
Title: Re: Tranferwise
Post by: fuerte crazy on March 11, 2015, 22:24:20 PM
Just got 1.41 on Transferwise ðŸ˜,,
Title: Re: Tranferwise
Post by: F1REFLY999 on March 12, 2015, 10:50:55 AM
Same here â,¬1.41  8)
Title: Re: Tranferwise
Post by: fuerte crazy on March 12, 2015, 16:31:03 PM
Money hit our sol bank account this morning less than 24 hours after I did the transaction on Transferwise.  Absolutely brilliant service. Final exchange rate of 1.4160
Highly recommend  Transferwise to anyone needing to transfer money .
Title: Re: Tranferwise
Post by: duggiesdad on April 14, 2015, 07:22:05 AM
Set up transfer at 8am yesterday @ 1.386 , in my Sabadell account @ 11.30 am same day !
Title: Re: Tranferwise
Post by: F1REFLY999 on April 22, 2015, 17:18:56 PM
Got â,¬1.40 today....bought last night....in my bank this morning  :D

If you use this link it will save you your first transfer fee  https://transferwise.com/as/66822
Title: Re: Tranferwise
Post by: F1REFLY999 on June 11, 2015, 16:17:42 PM
Market has been down this week....but just managed to get â,¬1.38 with TransferWise. :D need all the beer tokens I can get for arriving tomorrow  8)
Title: Re: Tranferwise
Post by: F1REFLY999 on July 16, 2015, 11:07:35 AM
Just got â,¬1.43 from Transferwise today  :D
Title: Re: Tranferwise
Post by: F1REFLY999 on August 05, 2015, 16:10:55 PM
â,¬1.43 again today  :D
Title: Re: Tranferwise
Post by: F1REFLY999 on October 22, 2015, 17:22:53 PM
Good to see a slight improvement in the euro....just got â,¬1.39 from tranferwise  :D
Title: Re: Tranferwise
Post by: F1REFLY999 on November 04, 2015, 13:59:03 PM
Quote from: F1REFLY999 on April 22, 2015, 17:18:56 PM
Got â,¬1.40 today....bought last night....in my bank this morning  :D

If you use this link it will save you your first transfer fee  https://transferwise.com/as/66822

Back upto â,¬1.41 today  :D
Title: Re: Tranferwise
Post by: Deso on November 04, 2015, 17:54:50 PM
Well reminded, I need to send some money over.  :D
Title: Re: Tranferwise
Post by: F1REFLY999 on November 04, 2015, 20:20:03 PM
Glad to be of assistance  8)
Title: Re: Tranferwise
Post by: Canary dweller on November 07, 2015, 21:27:04 PM
Not as good as Currencyfair though
Title: Re: Tranferwise
Post by: Deso on November 07, 2015, 21:51:28 PM
For £2000 transfer,

CurrencyFair =  â,¬2,783.71

TransferWise =  â,¬2,788.96

:P  ;D
Title: Re: Tranferwise
Post by: F1REFLY999 on November 17, 2015, 09:45:02 AM
â,¬1.42 from transferwise today  ;D
Title: Re: Tranferwise
Post by: decho on November 17, 2015, 12:44:12 PM
Nice!
Title: Re: Tranferwise
Post by: F1REFLY999 on November 18, 2015, 19:16:10 PM
If you need to transfer money...transferwise will give you â,¬1.43 to £1. Good to see things are on the up ;D
Title: Re: Tranferwise
Post by: TamaraEnLaPlaya on January 29, 2016, 01:34:12 AM
As an extra service with TransferWise you can now request money from anyone by creating a simple request link and then receiving the money directly to your bank account. It's really easy and quick to do.
Title: Re: Tranferwise
Post by: F1REFLY999 on May 25, 2016, 12:57:44 PM
Euro on the rise...just got â,¬1.31  8)
Title: Re: Tranferwise
Post by: F1REFLY999 on June 22, 2016, 01:04:33 AM
â,¬1.30 today
Title: Re: Tranferwise
Post by: F1REFLY999 on August 24, 2016, 09:33:48 AM
Slight rise.... â,¬1.17 this morning
Title: Re: Tranferwise
Post by: TamaraEnLaPlaya on August 25, 2016, 01:59:05 AM
Let's hope you can do a post like your one from 18th Nov 2015 soon!
Title: Re: Tranferwise
Post by: F1REFLY999 on September 01, 2016, 10:28:36 AM
â,¬1.19 this morning
Title: Re: Tranferwise
Post by: Deso on September 02, 2016, 14:24:02 PM
Just nearly had a heart attack, logged on with my work laptop and saw 1000 gives 835   :o  :o

Then I realised my laptop VPN goes through French servers so it was giving Euro to Pounds.   :D
Title: Re: Tranferwise
Post by: F1REFLY999 on September 02, 2016, 15:21:56 PM
My friend was in mainland Spain last week and got stung.....£1 - 84cents  >:(
Title: Re: Tranferwise
Post by: F1REFLY999 on September 14, 2016, 15:00:01 PM
http://stophiddenfees.co.uk/
Title: Re: Tranferwise
Post by: F1REFLY999 on December 09, 2016, 14:54:57 PM
Transferwise at the moment showing â,¬1.191 to the £
Title: Re: Tranferwise
Post by: paully on February 22, 2017, 10:52:17 AM
Thanks for the heads up everyone re Transferwise. I used them yesterday afternoon to transfer some money to a French Bank Account and it arrived correctly this morning. Rate was 1.18. My bank wanted £15 to do this (but take 3 days) they charged £2 ;D

  Highly recommended
Title: Re: Tranferwise
Post by: F1REFLY999 on February 22, 2017, 11:02:36 AM
Cheers Paully...just done a transfer last night....in my account this morning @â,¬1.18
Title: Re: Tranferwise
Post by: F1REFLY999 on April 19, 2017, 15:53:21 PM
â,¬1.195 today  :D 8)
Title: Re: Tranferwise
Post by: spitfire58 on April 19, 2017, 19:49:49 PM
Quote from: F1REFLY999 on April 19, 2017, 15:53:21 PM
â,¬1.195 today  :D 8)

I got 1.1962 â,¬ to the £ this morning using Revolut & no fee.