just a quick rebump to say just how brilliant transferwise is.
I just had to move a deposit to France from GBP to Euro.
Barclays would charge a £25 IBAN fee and then give me an exchange rate of 1:1.2035
Transferwise only charged £19.62 and gave me the mid market rate of 1:1.2754
On a €5,000 receipt transferwise are over €350 cheaper. Or 5.6%. Unbelievable.
Next month I have to move a substantially larger chunk and the difference on those numbers will be in the £’ooos.
I can really piss off Barclays now, by moving money from my Barclays current account, to my linked Barclays Euro account via Transferwise (and not just internally at Barclays) and save a bundle on holiday conversion costs!