Wellers and Whitehead Posted March 7, 2016 Share Posted March 7, 2016 Has anybody any ideas what service gives the best rate for transferring money from £ to $ currently, and comes recommended? Thanks in advance. Quote Link to comment Share on other sites More sharing options...
NicF Posted March 8, 2016 Share Posted March 8, 2016 If you are transferring large amounts open accounts with several fx companies and play each of against each other to get a better rate. Moneycorp do fee free transfers for members of this forum. We used Moneycorp to transfer the proceeds from our house and were very happy with the service provided. I'm not sure what all the other fx companies are but I'm sure other people will be able to list off a few. Quote Link to comment Share on other sites More sharing options...
ksarah Posted March 18, 2016 Share Posted March 18, 2016 We used CurrencyFair, they have a flat rate per transaction (AUD $4) but the rate was always better and when you're transferring all of your savings it makes a big difference! I like that I can set up a trade in advance by nominating an exchange rate and then get a notification when it is matched. https://www.currencyfair.com Quote Link to comment Share on other sites More sharing options...
Guest John from Moneycorp Posted March 18, 2016 Share Posted March 18, 2016 Has anybody any ideas what service gives the best rate for transferring money from £ to $ currently, and comes recommended? Thanks in advance. Happy to have a chat - feel free to review our information here: http://moneytransfer.pomsinoz.com/ Thanks John Quote Link to comment Share on other sites More sharing options...
lp77 Posted March 20, 2016 Share Posted March 20, 2016 Have used moneycorp and transfer wise . Transfer wise charge fees but give better exchange rate whilst moneycorp do no fees. Just gotta work out what's best for you and depends on bank charges at destination also. Quote Link to comment Share on other sites More sharing options...
Guest The Pom Queen Posted March 21, 2016 Share Posted March 21, 2016 We used Moneycorp to transfer our house money as we received the best exchange rate, plus they have never had any negative feedback. Also if you open a NAB account there are no bank receiving fees for Pomsinoz members. I know our bank charged $45 for receiving the funds. Quote Link to comment Share on other sites More sharing options...
DT55 Posted March 21, 2016 Share Posted March 21, 2016 Have used both HiFx and Moneycorp. Both have been very goof Quote Link to comment Share on other sites More sharing options...
Guest Posted March 21, 2016 Share Posted March 21, 2016 Last time I used currencyfair I actually transferred slightly above the current rate. I wouldn't worry about fees. I would look at total you would receive. Often uncompetitive rates are hidden in "fee free" providers. Quote Link to comment Share on other sites More sharing options...
benthomas010 Posted March 27, 2016 Share Posted March 27, 2016 We were intent on using moneycorp but ended up with using transferwise at the last minute. Rate was much better, worked out 6c per £ better then moneycorp including taking fees into account which makes a massive difference. Had some last minute dramas with our UK bank though (Lloyd's). Transfer was held up by the fraud team as I was using both a different laptop and phone than usual to setup the bank transfer. Their system didn't like this. Frustrating but impressed they could tell. Sent from my HUAWEI Y520-U12 using Tapatalk Quote Link to comment Share on other sites More sharing options...
Skippy1 Posted March 27, 2016 Share Posted March 27, 2016 +1 on CF...............Use currencyfair all the time and have not found a better option yet for rate, convenience etc Quote Link to comment Share on other sites More sharing options...
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