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HiFx and Transferwise Recommended ?

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HiFx and Transferwise currency transfer online .Are these companies safe to use .? According to their rates I stand to gain over 1000 pounds compared to using a high street bank . Aside from the saving I hate giving my money to the banks like TSB , Lloyds , Barclays etc . However as I am transferring enough to buy a small house was wondering how I can be sure of their reliability .
Thank

Comments

  • jpsartre
    jpsartre Posts: 4,090 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I've used Transferwise more than a dozen times in the past without issues. They seem like a major and well-established company so I would think the risk of using them is minimal.
  • Mayday
    Mayday Posts: 614 Forumite
    Part of the Furniture 500 Posts
    We have used TransferWise for the last few years to send money to family in Australia & Canada with no problem - and to pay for a holiday in France!
  • J_B
    J_B Posts: 6,806 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    We always use https://www.currencyfair.com/

    Good rates and a fixed €/£3 fee, which is good for large exchanges.

    :)
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