Transferwise No longer have FSA registration Send money to the USA

colsten

That doesn't sound right. The Transferwise rate right now is $1.30910, rate guaranteed for 24 hours. Sending £1,000 with TFW gets the recipient $1,303.90, by tomorrow. The TFW fee is £3.97.

Susan1942

You are correct I was looking at the Euro RATE
I am so stupid. Thanks for that. It just seemed a terrible rate!
Sue

Susan1942

Just an update I have successfully sent the money using TransferWise
The cost.was just £3 97 so a huge saving. My bank charges me £25 ,+ $25 at the other end approx £44
Thank you all and I will continue to use this company for future transactions

A grateful oldie aka Sue

Socajam

Would it be cheaper if your granddaughter had a UK credit card which she uses.
You will then pay the credit card bill in the UK and I am sure the charge will be less than £44

colsten

Socajam wrote: »

Would it be cheaper if your granddaughter had a UK credit card which she uses.
You will then pay the credit card bill in the UK and I am sure the charge will be less than £44

It would almost certainly not be cheaper than Transferwise as the credit card exchange rate, and possibly transaction costs, is very likely nowhere near as good as the Transferwise deal.

colsten

Susan1942 wrote: »

Just an update I have successfully sent the money using TransferWise
The cost.was just £3 97 so a huge saving. My bank charges me £25 ,+ $25 at the other end approx £44

Glad to hear you sent the money, and that the MSE Forum could help you finding the best deal. You are quite right, you had a tremendous saving on the fees charged - but don't forget, you also got a better exchange rate than your bank would have given you.

eDicky

Susan1942 wrote: »

My bank charges me £25 ,+ $25 at the other end approx £44

As Colsten mentions, you were also losing on the non-transparent exchange rate margin that banks impose, probably 3%+..!

Susan1942

Update I am extremely pleased with the transaction of the money to my Brother
He received an email asking him to verify his email account. The money $1300 97 was in his account yesterday morning
The money for my Granddaughter fees I was laying directly into the University account It was paid for her 2 Semesters Aug - December $3650
And Jan-May $3965 Each transaction cost me £44..
Whether I could have done this through Transversewise I am unsure but I expect I could have done
When I send her money like 21st Birthday £1000 and £500 towards her summer travel before she comes home I pay this in to her Santander bank account I think she accesses this to her card in the US I did send her $100 in a card
She year is finished and her Professor posted on her FB page that she was one of his best Students this Semester having A passes across the board
She is now travelling Washington DC for 4 nights Now in Seattle Tomorrow she is on a road trip down the West Coast with a group of 15 11 nights endi c jn
Ending in LA on 22nd May she flies to Toronto She is doing Kids Camp T
In 2017 she did Camp America She is in the US on a Student Visa and has to be out of US by June 2nd Not home until late August. Her parents are paying for the trip and the money I have given her covers her Flight She is one very happy girl.She has been on a road trip with her parents during Spring Break to New Orleans and visited Montgomery Selma 5 states Is obscessi with Museums 9 I. DC and has a great thirst for knowledge.
I am so grateful to all of you for the advice and support when t have expressed doubt or concerns
Thanks Sue











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