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TransferWise announces $280M investment

techcrunch.com

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Re: TransferWise announces $280M investment

#171

Post by laurentb »

cprecioso wrote: post #122
laurentb wrote: post #107

Earlier quoted context omitted.

just FYI, Revolut uses TransferWise underneath on a few of their currencies, so you're effectively using them both ;) happy customer of both to be honest and would recommend both happily

Oh I didn't know! I've only ever used it to exchange between USD, EUR and GBP. Do they pass the TransferWise fee on to you, or is it free as well?

i believe the Revolut fee takes into account the Transferwise one. i haven't used it with enough money on the revolut side of things to be able to notice anything.

Re: TransferWise announces $280M investment

#172

Post by cjrp »

chris_overseas wrote: post #39
mcjiggerlog wrote: post #27

Earlier quoted context omitted.

I'm a Monzo user and really unhappy to find this out. I spend most of my time in mainland Europe and the free transactions and no ATM fees are the only reason I am a user. Can anyone comment on how Revolut compares? One pain point is that I always get asked if I want to pay in GBP or EUR, or even the cashier selects without asking me, in which case I get massively ripped off if they select GBP. With Revolut will the…

I just used a Revolut card during a two week trip around Iceland. It worked fantastically well. Iceland's interesting as some places charge in Krona, some in Euro, but in either case I was charged the live mid-market rate to the GBP with no extra spread or fees. You're also allowed to withdraw roughly £200/month worth of cash (any supported currency) without any fees. Beyond that there is a charge, I can't remember h…

Same problem with petrol stations in the USA. Most were pay-at-pump and didn't accept the card.

Re: TransferWise announces $280M investment

#173

Post by mabbo »

devman wrote: post #162
mabbo wrote: post #85

I'm now paid in USD, but I live in Canada. My bank offered me the 'competitive' exchange rates of 2.5% more than the market offered. TransferWise is literally saving me thousands of dollars per year. I can't thank them enough.

I am in a very similar situation (outrageous exchange rates from by Canadian bank). Do you use TransferWise to transfer between your own accounts in a Canadian bank or from your US bank to your Canadian bank?

US Bank account to a Canadian bank account. Sort of.

Because I'm an idiot, I'm still with RBC. They have a US subsidiary bank called "rbcbank" with no physical locations. Same terrible RBC service, but in America. They opened an account there for me. They offer very fast transfers between the US account and Canada account, but at the stupid rates they offer.

ALl my money transfers via TW now.

Re: TransferWise announces $280M investment

#174

Post by NetStrikeForce »

dazc wrote: post #92
NetStrikeForce wrote: post #45

Earlier quoted context omitted.

I've got money in GBP, EUR and USD in a Revolut debit card. I've used it on ATMs in mainland Europe and continental US without problems.

Well Santander are now charging a 5 euro fee; Sabadel have been charging 1.50 for at least the last year.

With Revolut cards?

Re: TransferWise announces $280M investment

#176

Post by NetStrikeForce »

chillydawg wrote: post #72
NetStrikeForce wrote: post #44

Earlier quoted context omitted.

It actually got most of the GBPEUR, not just for Poland.

It might have got most of GBPEUR retail, but the vast majority of that flow by volume is traded in placed like Interactive Brokers, or over the phone between guys who need to swap a few million here and there.

Fair enough, yeah. I only had retail in mind :)
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