Fuerteventura Forum

General Chit Chat & Queries - no commercial links => Money, Currency & Banks etc. => Topic started by: Archer on December 28, 2016, 21:20:53 PM

Title: Currencyfair vs Transferwise
Post by: Archer 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.
Title: Re: Currencyfair vs Transferwise
Post by: Johnrgby2 on December 29, 2016, 09:16:29 AM
Quote from: archer101 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.

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