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Topic: Transferwise Borderless Account  (Read 595 times)

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Transferwise Borderless Account
« on: April 13, 2019, 12:06:59 PM »
I was wondering if anyone has opened a Transferwise Borderless account? I've played with the idea of opening one over the past few months but haven't been able to decide whether or not it's worth it. I've kept my US account open (mostly for the interest rate break for paying my student loans via direct debit) but that's really all I use it for so I'm not sure what benefits the Borderless account would offer.

If you have one, would you recommend it? What do you use it for?
First date: 23/01/2016
Got married (yay!): 26/07/2018
Spouse visa received: 30/11/2018
Arrived in the UK: 27/12/2018
FLR(M): summer 2021


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Re: Transferwise Borderless Account
« Reply #1 on: May 03, 2019, 01:52:46 PM »
Hiya,
I have not investigated TransferWise
but I'm interested to know how everyone here transfers US Dollars to the UK.
We've been using PayPal up until recently but they've changed their rules.
I transferred dollars to the UK last week and they charged me a fee of somewhere around 4.5% ... on top of exchange rates  :P ::)
anyone have any advice?
thanks in advance
Cheers!


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Re: Transferwise Borderless Account
« Reply #2 on: May 03, 2019, 01:55:17 PM »
Hiya,
I have not investigated TransferWise
but I'm interested to know how everyone here transfers US Dollars to the UK.
We've been using PayPal up until recently but they've changed their rules.
I transferred dollars to the UK last week and they charged me a fee of somewhere around 4.5% ... on top of exchange rates  :P ::)
anyone have any advice?
thanks in advance

Transferwise all day every day, unless doing super large sums.  Then you'll want to do some shopping to ensure the most competitive rate/fees.


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Re: Transferwise Borderless Account
« Reply #3 on: May 03, 2019, 02:05:28 PM »
Another vote for Transferwise, very easy, quick, efficient and best rates I have found anywhere for the amounts that I'm sending.
March 28th 2013-Moved to UK, husband on spouse visa.Oct 20th 2015-Applied by mail for FLR(M).Feb 1st 2016 FLR(M).March 7th 2018 ILR. YAY! March 21st NCS&JCAP appointment.


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Re: Transferwise Borderless Account
« Reply #4 on: May 03, 2019, 02:07:50 PM »
Transferwise all day every day, unless doing super large sums.  Then you'll want to do some shopping to ensure the most competitive rate/fees.

Another vote from me for Transferwise. I use it regularly to transfer monies from my US pensions.
Dual USC/UKC living in the UK since May 2016


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Re: Transferwise Borderless Account
« Reply #5 on: May 05, 2019, 05:11:49 PM »
Hiya,
I have not investigated TransferWise
but I'm interested to know how everyone here transfers US Dollars to the UK.
We've been using PayPal up until recently but they've changed their rules.
I transferred dollars to the UK last week and they charged me a fee of somewhere around 4.5% ... on top of exchange rates  :P ::)
anyone have any advice?
thanks in advance

I use Transferwise ACH from my checking account. My last transfer was for $2,000. I got  £1,530.68 into my UK bank account the next day, with an exchange rate of .7702 (they tell you the rate before you finalize the transaction). Their fee was $6.90 per thousand, I think. I have never had a problem with them, and have been using them for two years now.


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Re: Transferwise Borderless Account
« Reply #6 on: December 05, 2019, 04:50:05 PM »
So glad I've been looking around this forum, cos I'd never heard of Transferwise before. So glad I know about them now, before I have to send piles of cash to the US.  ;)
Anything that saves us both money is good to me.  ;D
UK Citizen, US Fiance


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