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Topic: moneycorp  (Read 1070 times)

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moneycorp
« on: March 13, 2009, 02:30:54 PM »
for any one that has actually used moneycorp, for money transfers FROM US - TO UK... how do you send money to money corp other than with a wire transfer, and is it not an international wire transfer to their UK HSBC account?   IF this were the only way, then I do still pay an it'l wire transfer fee, plus a 15GBP fee to them, so the only benefit over the bank is  a better exchange rate?   
Is XE a  better option then?   Moneycorp seems good, but...    I'm supposed to get something by post mail, but since it comes from UK I guess it takes time...  after everything is set up can I at least do these transfers online, or do I have to call the dealer during UK hours only?  Thank you!


Re: moneycorp
« Reply #1 on: March 13, 2009, 09:07:29 PM »
I do transfers UK --> USA every month with moneycorp and it just comes out of my UK bank account on about the 13th of every month and gets depositted into my US bank account about 5 days later. No extra fees because those are usually incorporated in the exchange rate they give you.


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Re: moneycorp
« Reply #2 on: March 13, 2009, 10:10:31 PM »
thank you.  as I understand there is a 15GBP fee, and going the USA -> UK way you have to do a wire transfer to the UK.  I can see how UK -> US would be much simpler without fees, but not the other way around.  thanks.
 I think I may go with XE :)


Re: moneycorp
« Reply #3 on: March 14, 2009, 09:57:02 AM »
For one off transfers XE are usually better because theres no fee... but for monthly transfers (i set up a 2 year contract) then moneycorp are better because they usually give you a little bit better exchange rate than XE which can make a big difference depending on how much money your transferring...and i think there might actually be a £4 fee per transfer which i forgot about but you still end up better off because of the better rate.

I would just weigh up what exchange rate each are willing to give you and then factor in the £15 fee from moneycorp and see who ends up on top.


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Re: moneycorp
« Reply #4 on: March 14, 2009, 12:47:00 PM »
thank you, i'll check on that... i know I can get the quote from xe, but I dont know how moneycorp works because i have not received info on how to setup/access account...
I also have to add $30 to my US wire fee.  But I know that a 1% difference in quote cound be a $100 difference so I guess better to make sure :)


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