X.E.Trade

[ThaiPauly 2153]

I always use xe to check currency conversions, but today I have been reading on their website that they can get far better transfer rates than the banks offer.

For example a transfer cost with HSBC is 30GBP to start with, then my bank SCB offers the worst exchange rates in Thailand.

So I am thinking about giving them a whirl on a small amount to start with and see how it goes They claim to have 40,000 customers world-wide, are any of them Thai Visa members?, and if so how have you found them?

Thanks in advance

TP

[rossco4434 0]

Yes they are very good and cheap.

They charge $20-30 ish(not GBP) is for Telegraphic Transfer, which is the normal cost for an internal transfer.

Signing up is a bit of a process but once your done, it's very easy. It's also fully legitmate.(with no grey area's).

I send money quarterly. Also their(receivers bank) may put in a 1% fee to accept the transfer but depends on the bank.

It's a lot cheaper than western union or other provider, on bigger sums, maybe 50% cheaper compared to their fee's.

Regards,

Ross

www.rhinofile.com& patandrossi.com

Edited February 4, 2011 by rossco4434