Author Topic: Currencyfair vs Transferwise  (Read 2100 times)

Offline Archer

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Currencyfair vs Transferwise
« on: December 28, 2016, 21:20:53 pm »
Always been a fan of Currencyfair...until now.

Had two really slow transfers from USD to GBP. Then the latest took so long, after a trace and 8 days it was returned to my bank. The problem appears that Currencyfair now (recently) switched to AIB in Ireland. This is a bailout bank now virtually owned by the Irish government. The service is rubbish.

By contrast, I made the transfer using Transferwise this afternoon. The GBP hit my account about an hour ago! Total elapsed time about 4 hours.

Sorry, Currencyfair your bank needs to be changed for USD transfers.

Offline Johnrgby2

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Re: Currencyfair vs Transferwise
« Reply #1 on: December 29, 2016, 09:16:29 am »
Always been a fan of Currencyfair...until now.

Had two really slow transfers from USD to GBP. Then the latest took so long, after a trace and 8 days it was returned to my bank. The problem appears that Currencyfair now (recently) switched to AIB in Ireland. This is a bailout bank now virtually owned by the Irish government. The service is rubbish.

By contrast, I made the transfer using Transferwise this afternoon. The GBP hit my account about an hour ago! Total elapsed time about 4 hours.

Sorry, Currencyfair your bank needs to be changed for USD transfers.

We always use Transferwise, longest it has ever taken is 21 Hours