Anyone tried TransferWise before? I am planning to transfer money from my US broker to TransferWise before transferring to my local account to save money.? - Seedly
 

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TransferWise

Asked by Ang Yee Gary

Asked on 30 Jun 2019

Anyone tried TransferWise before? I am planning to transfer money from my US broker to TransferWise before transferring to my local account to save money.?

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Dany Leong
Dany Leong
Level 2. Rookie
Updated on 30 Jun 2019

I have. They are very good and you save loads in fees. I’ve used it to transfer 300k of funds to NZ and some large sums to Msia.

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Tee-Ming Chew
Tee-Ming Chew

on 30 Jun 2019

Wow 300K is a big amount to transfer. How much are the fees in the end?
Dany Leong
Dany Leong

on 30 Jun 2019

0.5% and the rates they offer are very close to what you see on XE Currency. Most banks already make your money on the exchange rate even if they advertise 0% commission