TransferWise

An awesome service

When I first found out about the product, I could not believe that sending money abroad could be so cheap. Recently, I used one of those pre-paid currency cards that had no charges for loading money on or using them at ATMs - thought that this was the cheapest it was going to get.

I am now using TransferWise only because not only it is the cheapest (yes, cheapest - there is a £1 service charge for a transfer but the fact that they use mid-market currency rate pays for it if your transfer is at least 40-50£), but it is the most convenient.

It is also very fast. My payment from UK to Estonia went over in less than an hour (it was done in business hours).