Sending money internationally?

[Tee Hee Johnson]

Hello,

Pertty much as the title, whats a good way to do this? Less fees the better, I guess. It's about £1k.

I thought IBAN to IBAN, but apparently thats expensive? See I don't know, any input would be great

Thanks!

 

[jsmoke]

Crypto?

 

[Martynt74]

I think Transferwise is about the best option, it's who my parents use for sending money between here and Spain.

Fee wise you'd be looking around £40 but you're getting a decent FX rate at least.

 

[jsmoke]

Afaics coinbase pro allows you to send gbp to a bank account for free.

You'd just have to send the money to CB first from your bank.

 

[Longbow]

I think Transferwise is about the best option.

Now known as Wise: https://wise.com

It's something I use every month.

 

[RoboCod]

Revolut?

https://www.revolut.com/money-transfers

Effortless global transfers
Send and request money with friends and family easily, no matter where they are in the world. All in a few taps

 

[phil-k]

www.weswap.com
This is another way to spend money abroad and you could send a card to someone and as long as you keep the login details top it up for them

 

[Mr Jack]

Now known as Wise: https://wise.com

Yeah, Wise is a very good solution. There are alternatives, and they can offer better rates sometimes, but I find Wise consistently good and easy to use with good rates and low fees. It's also spectacularly good if you ever want to work for someone paying in a different currency in a different country (as I currently do).

Crypto?

Seems like a good time for a "not sure if serious?" gif. Crypto is a terrible choice for things like this. About as bad as its possible to get.

 

[Tee Hee Johnson]

Thanks all, Will look at Wise this evening

Crypto would be iffy, my partner can't get her head round it and the family might struggle too!

 

[Mr Jack]

Thanks all, Will look at Wise this evening

I have an Invite code which I have removed, sorry Mods which, if you choose to use it, removes the fees on the first 500 transferred. Saving you, I dunno, a quid or two and, potentially, making me a little bit of money in the process too

 

[jsmoke]

Thanks all, Will look at Wise this evening

Crypto would be iffy, my partner can't get her head round it and the family might struggle too!

You can send gbp via bank transfer on coinbase pro to another bank for free. So there wouldn't actually be any crytpo involved.

 

[Diddums]

I use Azimo to send money to South Africa regularly, your first two transactions will be free and after that the costs will be negligible (think it's £2.99 per thousand pounds or something).

 

[Diddums]

I have an **** which, if you choose to use it, removes the fees on the first 500 transferred. Saving you, I dunno, a quid or two and, potentially, making me a little bit of money in the process too

Uh oh, you posted a referral code, I suggest you start running now while you still can

Thanks for quoting it, you complete donut! - EVH

 

[Mr Jack]

Uh oh, you posted a referral code, I suggest you start running now while you still can

Huh? Is that against the rules here or something?

 

[dlockers]

CashApp. It's seriously simple and very effective. No fees. Or Wise. Or Revolut.

Where to?

 

[dlockers]

Huh? Is that against the rules here or something?

You new here?

 

[Diddums]

Huh? Is that against the rules here or something?

Yeah, it tends to get a bit out of hand if left alone, with people posting everything they can. The matched betting threads and stocks and shares threads were the worst, it got really bad at one point with people only posting referral links, a bit like forum PVP

 

[Longbow]

Uh oh, you posted a referral code, I suggest you start running now while you still can

And you've quoted it, so you're now just as guilty. To the gallows you go!

 

[Mr Jack]

Yeah, it tends to get a bit out of hand if left alone, with people posting everything they can. The matched betting threads and stocks and shares threads were the worst, it got really bad at one point with people only posting referral links, a bit like forum PVP

Fair enough.

 

[The_Arbiter]

I've used Moneygram via the Postoffice to send cash to a friend in Russia a few times. Can't remember what the fee was, but it requires a reference number and I.D so fairly secure i guess.