Save money when transferring money abroad with Transferwise, a fast and easy money transfer service.
Like many other owners here on Condado I do not live or earn money in Spain full time, yet my bills all need to be paid from a Spanish bank account.
So I need to transfer money abroad on a regular basis and having a fast, safe and reliable service is very important. I recently discovered Transferwise, which makes sending money abroad fairer, cheaper and easier.
I have previously used other transfer services and was happy with their service but although my current choice of provider, HiFX, had started to offer free transfers I noticed their exchange rate was very poor.
Although I usually transfer thousands to cover the annual bills and costs of running my property I decided to transfer just £500 to see how fast and reliable the Transferwiseservice was.
Because I was transferring over £200 pounds and up to £500 my transfer qualified for a free transaction for my first time using the service. So I was saving money right away!
The exchange rate offered was better that HiFX. Transferwisematch the days mid-market rate, the mid-point between buy and sell rates on global currency markets – and the only one used by Google and Reuters. This is a much fairer rate for you.
Banks and other providers often have hidden charges or give a reduced rate to make a profit. That’s exactly what I discovered when I needed to transfer money recently.
Compared to my previous provider I was able to save just over £25 on the improved exchange rate offered by Transferwiseand I saved a few pounds for the free transfer!
I completed the transfer on my iPad using the app which was quick and easy to do. The app provides a full history of your transactions and details about the recipient, so you have a full trace of moving your money.
I am pleased to say that my first transaction with Transferwisewas a complete success! My money reached my Spanish bank account the next day, I saved money on the transfer and got a much better exchange rate than I expected.
I am very happy to have found TransferwiseI have saved money already and I will continue to use them from now on.
If you need to transfer money abroad soon, why not give Transferwisea try and start saving today? To get your free transfer on up to £500 click on the link below or on the Transferwiseimage to the right.