David Wilson´s profile

Reviews (1)

TransferWise

Exactly what it says on the tin

Living with a GBP bank account in a EUR country is not easy, having suffered the effects of £25+2% transfers with a crappy exchange rate all of last year. I've only used Transferwise twice to transfer in excess is £1500, but despite this it has already saved me somewhere in the region of £70-80.

The service itself is fast and transparent, on both occasions the transaction completed on the day I initiated the transfer from the UK, and the money arrived in the EUR account the following morning. On both occasions the eventual refund (for receive-fixed-amount transactions) has been more than the refund estimation indicator has shown.

The world needs a service like this, I love it. It's a shame European banking is so disintegrated that it is required in the first place, but TransferWise is the perfect solution given this crappy banking environment.

Finally a note on the exchange rate. By comparing the time I receive the "transfer completed" e-mail to the GBPEUR exchange rate for that minute on Yahoo Finance, it's clear that on both occasions my transfer completed at the interbank rate.

As my girlfriend will attest, waiting to find out the final value of the refund is a kind of ridiculous game, it makes transferring money *fun*, and that's just wrong. :) Keep up the great work guys! Please, please don't grow large and successful, but hated. Grow large, successful and stay loved!

11 January 2013

Reply from TransferWise Ltd

Dear David, many thanks for your kind feedback! We'll try to grow larger simply to improve the service to wonderful users like you!

David Wilson´s profile

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David Wilson
Reviewer
United States

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