April 29, 20179 yr It seems Transferwise has reduced their fees and the exchange rate has become more favourable...worth checking them out. https://transferwise.com
April 29, 20179 yr Used them 3 times over the last couple of months and very happy with their service.
April 29, 20179 yr I have USD, EUR and GBP accounts in the UK at the same bank and the bank exchange rate is criminal...is it possible to transfer currency between accounts at the same bank with Transferwise?
April 29, 20179 yr Author 14 hours ago, tutsiwarrior said: I have USD, EUR and GBP accounts in the UK at the same bank and the bank exchange rate is criminal...is it possible to transfer currency between accounts at the same bank with Transferwise? I only transfer between my UK GBP account to Thailand (pension Transfer) I can only suggest go take a look, they have a helpline where you can ask anything you need to if they can help Im sure they will let you know but certainly worth a look, doesnt suit everyone but what does? another one I use is Xendpay who until recently like I said was better rates than Transferwise but it does seem Transferwise have sorted themselves out but again take a look all I can say the rates and charges are far better than the banks.
April 29, 20179 yr 2 hours ago, tutsiwarrior said: I have USD, EUR and GBP accounts in the UK at the same bank and the bank exchange rate is criminal...is it possible to transfer currency between accounts at the same bank with Transferwise? You can use https://revolut.com for this at the mid market rate and at no cost to yourself whatsoever. No need to sign up through certain people's referral links. If they are going to do that, they should at least be transparent about what they are doing.
April 30, 20179 yr Author 11 hours ago, JamJar said: You can use https://revolut.com for this at the mid market rate and at no cost to yourself whatsoever. No need to sign up through certain people's referral links. If they are going to do that, they should at least be transparent about what they are doing. I just checked the rate with these and its less than the bank rate 43.12 to GBP. GBP – British Pound To THB – Thai Baht 43,129.70 Transferwise is 44.79 and Xendpay 44.54 The Banks currently 44.14 I use the link to make it easy,, you are 1. Not obliged to use the link Google it yourself if you so wish and 2. You are not obliged to use the site its not a case of one suits all. The option is always yours. But if you cant pass on good info what is the use of using the forum. I will always try to use the best site to get the best costs and rates and have always been grateful to those who have alerted me to new ways to achieve this and beat the banks, but as they say here in Thailand it up to you... Edited April 30, 20179 yr by Expattaff1308
April 30, 20179 yr Revolut is better but NOT in the weekends. Transferwise did gave a better result. With a higher amount (1000) Not for lower (400). Against xendpayVerzonden vanaf mijn iPhone met Tapatalk
April 30, 20179 yr Author 29 minutes ago, robin33 said: Revolut is better but NOT in the weekends. Transferwise did gave a better result. With a higher amount (1000) Not for lower (400). Against xendpay Verzonden vanaf mijn iPhone met Tapatalk Are you saying they give better rates Monday to Friday? Usually the rate shown at weekends is the rate at close of business on the Friday. Can I ask where are they based and are they covered by the FSA?
April 30, 20179 yr 35 minutes ago, robin33 said: Revolut is better but NOT in the weekends Terrible! They show 1000 Euro = 36,282.80 THB. "Always get the real exchange rate" Are they joking???? Last TT rate from Friday at Thai banks was 37.4. xe.com currency rate now is 37.7. Cash exchange in Bangkok today 37.5.
April 30, 20179 yr Revolut is better but not in the weekends , the charge some extra when fx is closed. .. try again Monday you will see...Verzonden vanaf mijn iPad met Tapatalk
April 30, 20179 yr Author 25 minutes ago, robin33 said: Revolut is better but not in the weekends , the charge some extra when fx is closed. .. try again Monday you will see... Verzonden vanaf mijn iPad met Tapatalk Are you saying they give better rates Monday to Friday? Usually the rate shown at weekends is the rate at close of business on the Friday. Can I ask where are they based and are they covered by the FSA?
April 30, 20179 yr Are you saying they give better rates Monday to Friday? Usually the rate shown at weekends is the rate at close of business on the Friday. Can I ask where are they based and are they covered by the FSA?From revolut website:At the weekend (Friday 00:00 - Sunday 23:59) we apply a small mark up on the spot rate as the Forex markets are closed. We take the rate from Friday 00:00 and apply a 0.5% mark up on major currencies and 1.0% on other currencies to protect the company from potential losses due to a large fluctuation in the rate. For illiquid currencies Russian Ruble and Thai Baht, there is 1.5% mark up on weekend. I thing U.K. Time....
April 30, 20179 yr Author Just now, robin33 said: From revolut website: At the weekend (Friday 00:00 - Sunday 23:59) we apply a small mark up on the spot rate as the Forex markets are closed. We take the rate from Friday 00:00 and apply a 0.5% mark up on major currencies and 1.0% on other currencies to protect the company from potential losses due to a large fluctuation in the rate. For illiquid currencies Russian Ruble and Thai Baht, there is 1.5% mark up on weekend. Ah you work for them...I understand and will check them out on Monday, but you didnt say where their company is or wether they are covered by the FSA. Knowing where they are I can check when they are open
April 30, 20179 yr No I do not work for them...(but are one off their biggest fans, and early adopters) For you questions (as I do not know what FSa means ). Check their website...revolut.com Verzonden vanaf mijn iPad met TapatalkI
April 30, 20179 yr Author 2 minutes ago, robin33 said: No I do not work for them... Verzonden vanaf mijn iPad met Tapatalk Sorry my mistake you wrote We take the rate from Friday 00:00 and apply a 0.5% mark up on major currencies and 1.0% on other currencies to protect the company from potential losses due to a large fluctuation in the rate which made me assume you did. So I will ask again where is the company based and is it covered by the FSA Edited April 30, 20179 yr by Expattaff1308
April 30, 20179 yr Sorry my mistake you wrote We take the rate from Friday 00:00 and apply a 0.5% mark up on major currencies and 1.0% on other currencies to protect the company from potential losses due to a large fluctuation in the rate which made me assume you did.So I will ask again where is the company based and is it covered by the FSAAs said from their website:......Verzonden vanaf mijn iPad met Tapatalk
April 30, 20179 yr Author Just now, robin33 said: As said from their website:...... Verzonden vanaf mijn iPad met Tapatalk I guess you are unable to answer my question then afterall I asked it 3 times
April 30, 20179 yr I did ... refresh your post... I said I have no idea what Fsa means .. check their site all info should be there... Verzonden vanaf mijn iPad met Tapatalk
April 30, 20179 yr Author 2 minutes ago, robin33 said: I did ... refresh your post... I said I have no idea what Fsa means .. check their site all info should be there... Verzonden vanaf mijn iPad met Tapatalk Obviously not UK based then
April 30, 20179 yr Why not? Because I don t know fsa ...I'm not from the U.K. Address took 10 seconds to find on their website Revolut LimitedLevel 39, One Canada SquareE14 5AB London, United KingdomVerzonden vanaf mijn iPad met Tapatalk
April 30, 20179 yr Author 8 minutes ago, robin33 said: I did ... refresh your post... I said I have no idea what Fsa means .. check their site all info should be there... Verzonden vanaf mijn iPad met Tapatalk FSA is the financial regulator for the UK,
April 30, 20179 yr Author 7 minutes ago, robin33 said: Why not? Because I don t know fsa ...I'm not from the U.K. Address took 10 seconds to find on their website Revolut Limited Level 39, One Canada Square E14 5AB London, United Kingdom Verzonden vanaf mijn iPad met Tapatalk But nowhere on their site to email them only chat at some chat site or telephone Ok thanks for your help I will check them out again during opening hours. Edited April 30, 20179 yr by Expattaff1308
April 30, 20179 yr Did not look for email... but indeed by chat ,phone or blog. More then enough I would think.... I used the chat a few times . They will respond with an satisfactory answer.Verzonden vanaf mijn iPad met Tapatalk
April 30, 20179 yr Your question. Was wrong I think .. you asked FSA as it is FCA? Right?See the revolut site:client funds are stored under a segregated account at Lloyd’s or Barclays, depending on the type of account you hold. As an FCA authorised institution, your funds are safeguarded as per FCA requirements, the Electronic Money Regulations 2011 and the Payment Services Regulations 2009. In the event of an insolvency, you will be able to claim your funds from this segregated account and your claim will be paid above all other creditors.Of course you could transfer in £1 million pounds to your Revolut account, however, there is a weekly limit of 125K. You can find more info here: https://revolut.com/modulr-account-terms6Verzonden vanaf mijn iPad met Tapatalk
April 30, 20179 yr FCA The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK government, and is financed by charging fees to members of the financial services industry. FSA www.fsa.gov.uk. The Financial Services Authority (FSA) was a quasi-judicial body responsible for the regulation of the financial services industry in the United Kingdom between 2001 and 2013. It was founded as the Securities and Investments Board ("SIB") in 1985.
April 30, 20179 yr Oke , thanks ... so which is better and does FSa still operate? And as non U.K. Citizens do there rules apply Verzonden vanaf mijn iPad met Tapatalk
April 30, 20179 yr 57 minutes ago, robin33 said: For illiquid currencies Russian Ruble and Thai Baht, there is 1.5% mark up on weekend. Illiquid? Nonsense. 1.5% ? See post #9, More than 3%. And why does VISA (ATM withdrawal) not need such voodo and shows todays exchange rate at 37.468 (compared to 36.2 at revolut)?
April 30, 20179 yr 18 hours ago, Expattaff1308 said: I just checked the rate with these and its less than the bank rate 43.12 to GBP. GBP – British Pound To THB – Thai Baht 43,129.70 Transferwise is 44.79 and Xendpay 44.54 The Banks currently 44.14 I use the link to make it easy,, you are 1. Not obliged to use the link Google it yourself if you so wish and 2. You are not obliged to use the site its not a case of one suits all. The option is always yours. But if you cant pass on good info what is the use of using the forum. I will always try to use the best site to get the best costs and rates and have always been grateful to those who have alerted me to new ways to achieve this and beat the banks, but as they say here in Thailand it up to you... No, what you are doing was posting referral links, for which someone gets a kickback. That is fine, if someone decides to participate. Just be open about it. As to posting GBP to Thai baht rates, perhaps you didn't notice, but tutsiwarrior wants Quote I have USD, EUR and GBP accounts in the UK at the same bank and the bank exchange rate is criminal...is it possible to transfer currency between accounts at the same bank Nothing to do with GBP to THB pairing. I don't recommend Revolut for exchanging to Thai baht. But excellent for tutsiwarrior's need. Edited April 30, 20179 yr by JamJar
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