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Transfer of funds

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Posts: 15
Community Member
Topic starter
(@s-paul)
Active Member
Joined: 6 months ago

Hi All, 

Hope life s getting back on track as of unlock. Must be good to see fullfaces than masks. 

I am planning to put application within few days. Need to know what s smart way to transfer funds (euros 25k).

Should I go Directly through bank (millenium BCP) Or WISE or Spartan fx. 

bank transaction charges n forex rates seems on higher side. Does WISE or Spartan provides better rates n less charges.

Anyone who dealt with this already? 

Kindly advise, through what way I can save heavy transaction charges n get best forex rate to go for. 

Regards

Paul. 

 

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16 Replies




Posts: 18
Premium Member
(@antifiat)
Active Member
Joined: 5 months ago

Hi  Paul,

We began our visa process and have only transferred for small amounts so far (~1000). We have used both PayPal and now Wise.

From what we see, Wise has the best rates for transfers.  Their process is also very transparent...you know exactly what rate and fees you pay before anything happens.

Soon we too will have to transfer a larger amount to fund our new bank account. I am suspecting (assuming) that we will use Wise to do that as well.

Hopefully that is helpful.

All the best,

Jay

 

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Posts: 602
Admin
(@gerry)
Honorable Member
Joined: 2 years ago

Hello Paul & Jay

We also recommend Spartan FX who offer a service very similar to Wise but with a personal touch. They will consult directly with you on your individual needs and you can even fix the rate of exchange for future transfers. If you would like an introduction, let me know by PM or email and I'll gladly arrange.

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2 Replies
Premium Member
(@antifiat)
Joined: 5 months ago

Active Member
Posts: 18

@gerry Yes. Thanks Gerry.  If we go ahead with a major purchase, we will certainly look into Spartan FX and their services.

We may even investigate how they handle ongoing transfers to see if in the long run, they become the best way to go. 👍 

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Community Member
(@s-paul)
Joined: 6 months ago

Active Member
Posts: 15

Hi Gerry, 

thanks for your response. yes please, i would like to have a word with them , kindly introduce. 

 

thanks

Paul. 

 

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Posts: 193
Premium Member
(@jgibson)
Estimable Member
Joined: 8 months ago

We’ve had good luck with Wise

Reply




Posts: 15
Community Member
Topic starter
(@s-paul)
Active Member
Joined: 6 months ago

thank u all. you guys been a great help. 

 

 

Reply




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