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Joined: Jan 2012
Posts: 4,333
Gone to Porsche Part of the Furniture
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OP
Gone to Porsche Part of the Furniture
Joined: Jan 2012
Posts: 4,333 |
Good day all, our business is evolving from our high street Banks as they are all shutting down, therefore can any one recommend a trusted Business or Platform that exchanges large monetary amounts, euros been our main exchange but some dollars required infrequently.
thank you in advance Dean.
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Joined: May 2019
Posts: 389 Likes: 17
Learner Plates Off!
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Learner Plates Off!
Joined: May 2019
Posts: 389 Likes: 17 |
I can't say enough good things about using WISE for business and personal currency needs. Really easy and a lot cheaper than the bank! Give it a try with a fee-free transfer of up to 500 GBP. https://wise.com/invite/ath/edwinq6 I do get a little kickback if you use my link. I use it to pay VAT in UK, send/recieve Euros. In the last month I used it for Bahts in Thailand and Hong Kong Dollars. Very low fees and the best exchange rates. I'm visiting UK now (in Malvern today). Was able to withdraw £500 at a no fee ATM.
Last edited by Edwin; 09/06/23 10:38 AM.
65 Plus 4 / 4 Seater, car addict
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Joined: Sep 2011
Posts: 14,748 Likes: 158
Member of the Inner Circle
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Member of the Inner Circle
Joined: Sep 2011
Posts: 14,748 Likes: 158 |
I just saw this. My daughter who lives in South Africa but visits at least once a year and has EU clients put me on to Wise. I used the debit card on our recent trip; France,Ireland, North Ireland, Scotland, England, France, Switzerland, Germany, Switzerland, and back to Italy.
It is a multi currency account and I currently have AUD, EUR, GBP, and CHF. They offer market exchange rates and low fees. They also cater for large amounts, if required, and forward exchange rates can be set up.
I took it up because I needed a multi currency card following the Brexit cancellation of my Weswap account because they did not have an EU licence for banking operations.
Wise works well for me and transfers and exchange are incredibly fast. The transfer to another Wise account seems instantaneous.
Peter
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Joined: May 2019
Posts: 389 Likes: 17
Learner Plates Off!
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Learner Plates Off!
Joined: May 2019
Posts: 389 Likes: 17 |
They are up to 50+ currencies now.
65 Plus 4 / 4 Seater, car addict
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Joined: Aug 2013
Posts: 988 Likes: 14
Talk Morgan Regular
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Talk Morgan Regular
Joined: Aug 2013
Posts: 988 Likes: 14 |
I have been using Wise for a number of years now, has always worked flawlessly across GBP, EUR and MYR. The only watch point is that it is not actually a bank so is not covered by the deposit indemnity scheme.
Brian
Jersey and Spain
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Joined: Sep 2010
Posts: 2,431 Likes: 17
Talk Morgan Expert
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Talk Morgan Expert
Joined: Sep 2010
Posts: 2,431 Likes: 17 |
I use Wise too, formerly Transferwise, great rates and recommended!
1969 4/4 1995 plus 8 1996 Plus 4 4seater 2002 Aero S1 2013 M3W 2014 Plus 8
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Joined: Jan 2012
Posts: 4,333
Gone to Porsche Part of the Furniture
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OP
Gone to Porsche Part of the Furniture
Joined: Jan 2012
Posts: 4,333 |
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