Author Topic: Tranferwise  (Read 13902 times)

Offline F1REFLY999Topic starter

  • Hero Member
  • *****
  • Posts: 1,311
  • Thanked: 54 times
Tranferwise
« 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
« Last Edit: October 31, 2017, 10:35:09 am by F1REFLY999 »
 
The following users thanked this post: Sir Real

Offline decho

  • Sr. Member
  • ****
  • Posts: 455
  • Thanked: 89 times
Re: Tranferwise
« Reply #1 on: January 27, 2015, 12:38:16 pm »
You mean it took you THIS long to work out how good Transferwise was?
 
The following users thanked this post: fuertebears

Fuerteventura Forum

Re: Tranferwise
« Reply #1 on: January 27, 2015, 12:38:16 pm »

Offline F1REFLY999Topic starter

  • Hero Member
  • *****
  • Posts: 1,311
  • Thanked: 54 times
Re: Tranferwise
« Reply #2 on: January 27, 2015, 12:43:43 pm »
Hi Decho I normally use Caxton but you live and learn  >:(
 

Offline oystercatcher

  • Sr. Member
  • ****
  • Posts: 394
  • Thanked: 1 times
Re: Tranferwise
« Reply #3 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.
 

Offline F1REFLY999Topic starter

  • Hero Member
  • *****
  • Posts: 1,311
  • Thanked: 54 times
Re: Tranferwise
« Reply #4 on: January 31, 2015, 00:53:42 am »
Cheers oystercatcher...If you used my link it would have saved you the £5  :D
 

Offline F1REFLY999Topic starter

  • Hero Member
  • *****
  • Posts: 1,311
  • Thanked: 54 times
Re: Tranferwise
« Reply #5 on: February 19, 2015, 13:03:26 pm »
Quick...completed my transaction with TransferWise at 5:30 last night @ €1.35 and was in my Solbank account this morning  :o

 

Offline Archer

  • Hero Member
  • *****
  • Posts: 683
  • Thanked: 151 times
Re: Tranferwise
« Reply #6 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?
 

Offline F1REFLY999Topic starter

  • Hero Member
  • *****
  • Posts: 1,311
  • Thanked: 54 times
Re: Tranferwise
« Reply #7 on: February 19, 2015, 17:04:04 pm »
Hi archer you can set percentage parameters against the current rate.
 
The following users thanked this post: Archer

Offline F1REFLY999Topic starter

  • Hero Member
  • *****
  • Posts: 1,311
  • Thanked: 54 times
Re: Tranferwise
« Reply #8 on: February 24, 2015, 17:06:53 pm »
Even better news for transfers http://m.bbc.co.uk/news/business-31611261
 

Offline silent_running

  • Jr. Member
  • **
  • Posts: 92
  • Thanked: 23 times
  • Always looking for the Sun and Fun!
Re: Tranferwise
« Reply #9 on: February 24, 2015, 17:19:48 pm »
And.. http://m.bbc.co.uk/news/business-31603163 which may be better news for those who have a property/living here.
 
The following users thanked this post: Billington

Offline Kyle

  • Kyle
  • Jr. Member
  • **
  • Posts: 58
  • Thanked: 17 times
Re: Tranferwise
« Reply #10 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!
 
The following users thanked this post: F1REFLY999

Offline TamaraEnLaPlaya

  • Hero Member
  • *****
  • Posts: 1,567
  • Thanked: 920 times
  • I wish!
Re: Tranferwise
« Reply #11 on: March 01, 2015, 00:25:41 am »
getting even better - I got 1.372 with TW compared to 1.17 a year ago.
 

Offline F1REFLY999Topic starter

  • Hero Member
  • *****
  • Posts: 1,311
  • Thanked: 54 times
Re: Tranferwise
« Reply #12 on: March 05, 2015, 10:48:32 am »
1.38 this morning  :D
 

Offline decho

  • Sr. Member
  • ****
  • Posts: 455
  • Thanked: 89 times
Re: Tranferwise
« Reply #13 on: March 05, 2015, 12:31:10 pm »
It will be nice when it overtakes the $ rate...anyone care to take a guess?
 

Offline TheCooler

  • Full Member
  • ***
  • Posts: 123
  • Thanked: 4 times
Re: Tranferwise
« Reply #14 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?
 

Offline bksk2004

  • Sr. Member
  • ****
  • Posts: 371
  • Thanked: 10 times
Re: Tranferwise
« Reply #15 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
 

Offline fuerte crazy

  • Sr. Member
  • ****
  • Posts: 317
  • Thanked: 17 times
  • Gender: Female
  • LIVE LIFE WITH NO REGRETS!
Re: Tranferwise
« Reply #16 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
 

Offline fuerte crazy

  • Sr. Member
  • ****
  • Posts: 317
  • Thanked: 17 times
  • Gender: Female
  • LIVE LIFE WITH NO REGRETS!
Re: Tranferwise
« Reply #17 on: March 11, 2015, 22:24:20 pm »
Just got 1.41 on Transferwise 😄
 

Offline F1REFLY999Topic starter

  • Hero Member
  • *****
  • Posts: 1,311
  • Thanked: 54 times
Re: Tranferwise
« Reply #18 on: March 12, 2015, 10:50:55 am »
Same here €1.41  8)
 

Offline fuerte crazy

  • Sr. Member
  • ****
  • Posts: 317
  • Thanked: 17 times
  • Gender: Female
  • LIVE LIFE WITH NO REGRETS!
Re: Tranferwise
« Reply #19 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 .
 
The following users thanked this post: F1REFLY999

Offline duggiesdad

  • Jr. Member
  • **
  • Posts: 69
  • Thanked: 5 times
Re: Tranferwise
« Reply #20 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 !
 

Offline F1REFLY999Topic starter

  • Hero Member
  • *****
  • Posts: 1,311
  • Thanked: 54 times
Re: Tranferwise
« Reply #21 on: April 22, 2015, 17:18:56 pm »
Got €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
 

Offline F1REFLY999Topic starter

  • Hero Member
  • *****
  • Posts: 1,311
  • Thanked: 54 times
Re: Tranferwise
« Reply #22 on: June 11, 2015, 16:17:42 pm »
Market has been down this week....but just managed to get €1.38 with TransferWise. :D need all the beer tokens I can get for arriving tomorrow  8)
 

Offline F1REFLY999Topic starter

  • Hero Member
  • *****
  • Posts: 1,311
  • Thanked: 54 times
Re: Tranferwise
« Reply #23 on: July 16, 2015, 11:07:35 am »
Just got €1.43 from Transferwise today  :D
 

Offline F1REFLY999Topic starter

  • Hero Member
  • *****
  • Posts: 1,311
  • Thanked: 54 times
Re: Tranferwise
« Reply #24 on: August 05, 2015, 16:10:55 pm »
€1.43 again today  :D
 

Offline F1REFLY999Topic starter

  • Hero Member
  • *****
  • Posts: 1,311
  • Thanked: 54 times
Re: Tranferwise
« Reply #25 on: October 22, 2015, 17:22:53 pm »
Good to see a slight improvement in the euro....just got €1.39 from tranferwise  :D
 

Offline F1REFLY999Topic starter

  • Hero Member
  • *****
  • Posts: 1,311
  • Thanked: 54 times
Re: Tranferwise
« Reply #26 on: November 04, 2015, 13:59:03 pm »
Got €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 €1.41 today  :D
 

Offline Deso

  • Hero Member
  • *****
  • Posts: 2,735
  • Thanked: 266 times
  • Gender: Male
  • Roll on one way flight to the rock. :)
Re: Tranferwise
« Reply #27 on: November 04, 2015, 17:54:50 pm »
Well reminded, I need to send some money over.  :D
 

Offline F1REFLY999Topic starter

  • Hero Member
  • *****
  • Posts: 1,311
  • Thanked: 54 times
Re: Tranferwise
« Reply #28 on: November 04, 2015, 20:20:03 pm »
Glad to be of assistance  8)
 

Offline Canary dweller

  • Jr. Member
  • **
  • Posts: 86
  • Thanked: 3 times
  • Gender: Male
  • Just trying to get along
Re: Tranferwise
« Reply #29 on: November 07, 2015, 21:27:04 pm »
Not as good as Currencyfair though