Hippityoputous

Thanks. Reassuring to know

Hi.

I had a small parcel sent from the uk (royal mail) to here.

Has anyone experienced the extend of delays for small parcels currently?

I've been waiting for 3 weeks for something that should take 8 business days.

Has anyone had the same experience? I'm a bit concerned as it was not sent "signed for"

Cheers Patrick

On 19/02/2020 at 20:59, Ausvisitor said:

I just did a quick comparison of moneycorp and transferwise (i have accounts at both) and as of 10:50 today the quotes I got for transferring £100K to AUD was as follows

TRANSFERWISE - $193227

MONEYCORP - $191240

So today TW was better than MC by $1987 or to put it another way thats like the exchange rate going up 2c in the pound. 

I know a lot of people are currently thinking that if the rate went up to 2:1 they would exchange some cash; however this shows that at 10:50 today if the transferwise rate had been 1:1.98 then it would have resulted in the same dollar amount in your account as a MONEYCORP transfer at 1:2 sometime in the future

Of course this will all change in the next hour as each company updates the rates dynamically throughout the day

Yeah worth using then for sure.

And if the difference between 2 forex companies is that significant imagine how much less you get with a bank.

On 19/02/2020 at 20:47, Marisawright said:

@Hippityoputous - yes, it is a pain in the neck.  That's why I tried to say, ask your bank "how much would it cost me to transfer this money today?", then compare that with what Moneycorp or Transferwise would cost on the same day - it's the closest you'll get to a comparison.

But the bottom line is that those companies will always cost you less in fees than the banks and they aren't hard to use at all, so you might as well.

Thanks Marisa. I had misinterpreted your first message, I realise now it was sound advice. 

I'll use a moneycorp or the likes.

Cheers

Thanks everyone for your replies. There's a lot more variables than I thought there might be.. I will start comparing.

In the same way that 99% of the questions asked on the forum could be answered by going out and doing the research yourself.

I had a specific question on the approx % variance between the 2 methods of transfer. I understand if you can't provide any answers, but would appreciate it if someone else can share any insights.

Cheers Pat

Thanks for response M.

I get that they are a legitimate company and all the noise around what good experiences people have with them.

I'm interested in the actual difference in money transferred. If it's 0.5% then I won't bother, for example.

Has anyone done a comparison with bank rates?

Cheers

Hi.

I has an account on here years ago to get help for my PR. I got locked out of my email one day, hence I can't recover the password..

Planning to transfer around £35k to Australia. I know generally people advise not to use banks and to use a moneycorp.. etc.

It's quite hard to see the hidden costs. Does anyone know what the actual damage would be in dollar value (roughly) for using the bank rather than a moneycorp.?

Thanks in advance

Pat