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Wise Transfer

Wise Transfer

Postby General lee » Fri Jun 18, 2021 10:24 am

Has anyone used Wise Transfer
Transfer Pound into their Euro account to make monthly payments in Spain
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Re: Wise Transfer

Postby Paul Uden » Fri Jun 18, 2021 10:37 am

Lots of people on here. I do mine quarterly though.
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Re: Wise Transfer

Postby General lee » Fri Jun 18, 2021 10:56 am

Are they safe enough to transfer a large amount to my solicitors to purchase a property
The rates they give are very good even with their commission
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Re: Wise Transfer

Postby Paul Uden » Fri Jun 18, 2021 11:09 am

It's perfectly safe. The transfer limit is £1m. Depending on how much you are sending in one go you may need to check if the receiving bank will make any charges and break it down into smaller instalments to avoid these. There may be daily limits from your UK bank too when making the sterling transfer to Wise so check this as well to ensure you can complete it in time. In principle though I don't see a problem, but best to get practical advice from someone who has used it for a property purchase. In terms of larger amounts, I've used it for a car purchase (€10k), but a property would obviously be a lot more money.
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Re: Wise Transfer

Postby General lee » Fri Jun 18, 2021 11:21 am

Many thanks for your reply, appreciate your help
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Re: Wise Transfer

Postby tracer » Fri Jun 18, 2021 11:27 am

Transferred money over Tuesday. Used them before this one took the longest 8seconds !!!
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Re: Wise Transfer

Postby cheflady » Fri Jun 18, 2021 11:42 am

They're great and do check with your bank like the OP stated when we bought our house our daily limit was £19,999 per day. Good luck!
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Re: Wise Transfer

Postby jpeg » Fri Jun 18, 2021 12:39 pm

General lee wrote:Has anyone used Wise Transfer
Transfer Pound into their Euro account to make monthly payments in Spain



use this link and you will get a certain amount of the transfer free of charges
https://wise.com/invite/u/frederickp1
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Re: Wise Transfer

Postby ray-pc » Fri Jun 18, 2021 6:08 pm

Hello use PayPal. (Xoom) safe and efficient. ray
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Re: Wise Transfer

Postby davebrandrick » Fri Jun 18, 2021 6:15 pm

If you do some googling, you can find horror stories online about Paypal freezing accounts and even raiding people bank accounts. Personally I would not trust them with any large amount, and the Paypal account I have is linked to an empty bank account with no overdraft facility, thus limiting my potential fraud liability, something that is automatic with Transferwise. Ive used Transferwise for years, including moving £75,000 to my spanish bank with it. If you use the Wise App its safe as houses and about as fraud proof as you can get.
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