Hello, I realise that this subject has been covered before but I’m after current comments please.
For some time I have dealt with Currency Fair for transfers but they seem to be on the verge of a breakdown. Money goes missing, lied to etc. So I’ve been looking for someone new. Read through this forum & found lots of happy people who suggest Transfer wise/Torfx and others. So looked through review sites for said companies.
I always start with the 1 star & work up but by the time you’ve read the one stars it’s usually enough! Almost all of the ones suggested sound like crooks (this includes CF).
So it it just best to write a list & blindfolded stick a pin in? It just looks like you could not trust any of them but maybe someone knows different?
I’ve used Currencies Direct for 4 years, only for amounts between €200-500 at à time, but their on-line facility is very easy to use and transaction time is very satisfyingly brief. They offer a good telephone customer service too. They consistently rate between 4.2 and 5 stars in standard reviews, and have my personal recommendation.
I used to be with Currency Fair until (some years back) they changed their bank and it all went silly for a few days. I then found Transferwise on a recommendation and have never looked back. Very useful for small amounts - few hundred pounds at a time and reasonable rates and minimal service charge. If I make the transaction in the morning the money is always in my French account by the end of the day. I also like the fact that I can do the deal with just my debit card.
We have been using World Remit for a while now (mainly pension income up to £1000 per occasion) and found them to be swift and reliable. There is a fee of £2.99 per transaction, no matter what the amount transferred, but the rate is reasonable despite the fee. We pay by UK Debit card from a UK bank and the money is usually with our French bank within a day or so. The transfers are done via an app on my smart phone.
Sure, we can probably get a better rate elsewhere (like TW and others) but the difference in funds is not probably worth the hassle of setting up another account.
How easy is it to set up an account with Revolut @Mat_Davies ?
Las time we tried with TW is was almost akin to being on trial during the Spanish Inquisition and made the more difficult because we no longer had a ‘presence’ in the UK.
I used Currencies Direct about ten years ago and they were excellent I used Torfx two years aago and they were excellent also. I contacted them about two weeks ago to make another transfer but found xe rates gave me a much better rate (giving me about £200 more) so I used them and they also were excellent.
I’ve not had any bad experiences with WR either.
Those reviews are questionable IMO and seem mainly to relate to sending wonga to troublesome economies.
