We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
UK based foreign currency exchange transfer online companies ,,,as safe as bank?
klmeer
Posts: 9 Forumite
Is it considered safe to use one of the UK based foreign currency exchange transfer online companies to transfer large sums of USD from a foreign bank into a GBP account in a UK bank . It seems much better rates are offered . But how secure is it ? I have never done anything like this before . Having checked out 2 or 3 of the most highly rated companies on Moneysupermarkets.com I feel satisfied that it is safe .
However as I am alone in a foreign country without access to financial advice and do not have any experience of this I am hesitant to put my life savings at risk for a saving of about 1000 pounds .
But as I have already lost about 4000 GBP in currency exchange mistakes I am keen to soften that blow .I have looked at .Globalreach,, HiFX and World First and they seem ok .
Am I on the right track or about to make a massive mistake ?
Thank You
However as I am alone in a foreign country without access to financial advice and do not have any experience of this I am hesitant to put my life savings at risk for a saving of about 1000 pounds .
But as I have already lost about 4000 GBP in currency exchange mistakes I am keen to soften that blow .I have looked at .Globalreach,, HiFX and World First and they seem ok .
Am I on the right track or about to make a massive mistake ?
Thank You
0
Comments
-
-
I've used Transferwise mentioned in the link without any problems0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards