BEST WAY TO CONVERT EUROS TO GBP.

Marchitiello

Band7 said:

You might find HSBC very simple - I don't, because I just want to make one transaction and be done with it. As and if HSBC will accept Euro deposits into the Global Money account (which I have held ever since they launched it), I might revisit though my overall experience with HSBC over nearly a decade isn't exactly positive. The only reason I would consider HSBC is FSCS cover but otherwise nothing can tempt me away from Wise which is beautifully simple and fast.

You might continue recommending Fineco in an "I'm alright Jack" manner but I will now warn people based on my experience. 

I am also not blaming Fineco unilaterally, as you accuse me of doing. I have been quite clear that I was also unimpressed  and annoyed with Santander. The point is, whether you understand it or not, that if you send money from Fineco to any UK bank, it always takes longer than with any other method I know, and worst case, your money vanishes for days on end, with nobody knowing where it is, and to add insult to injury, you might get charged for it unless you spend an inordinate amount of time complaining about it. The small difference in exchange rate is not a large enough incentive for me to ever consider or recommend Fineco again. End of story.

Good on you… just to be very clear, I was arguing the fallacy of your conclusion for the other forum readers, not to try to convince you.. someone also allude to the error rate you experience, I was not the only one questioning it… . wait until something goes wrong with wise (it has for me, on a very large business transaction, took few days to resolve and delay the shipment of the orders with loss of money for everyone, but I will still use them, accepting it there is a risk)

at the end of the day it is your money, spend it as you wish, and continue making your recommendation. I will still recommend cheaper way of doing the same thing. For the volume of transaction i do, Wise would cost me hundreds more a year, ..To each their own.

Band7

Marchitiello said:

Band7 said:

You might find HSBC very simple - I don't, because I just want to make one transaction and be done with it. As and if HSBC will accept Euro deposits into the Global Money account (which I have held ever since they launched it), I might revisit though my overall experience with HSBC over nearly a decade isn't exactly positive. The only reason I would consider HSBC is FSCS cover but otherwise nothing can tempt me away from Wise which is beautifully simple and fast.

You might continue recommending Fineco in an "I'm alright Jack" manner but I will now warn people based on my experience. 

I am also not blaming Fineco unilaterally, as you accuse me of doing. I have been quite clear that I was also unimpressed  and annoyed with Santander. The point is, whether you understand it or not, that if you send money from Fineco to any UK bank, it always takes longer than with any other method I know, and worst case, your money vanishes for days on end, with nobody knowing where it is, and to add insult to injury, you might get charged for it unless you spend an inordinate amount of time complaining about it. The small difference in exchange rate is not a large enough incentive for me to ever consider or recommend Fineco again. End of story.

Good on you… just to be very clear, I was arguing the fallacy of your conclusion for the other forum readers, not to try to convince you.. someone also allude to the error rate you experience, I was not the only one questioning it… . wait until something goes wrong with wise (it has for me, on a very large business transaction, took few days to resolve and delay the shipment of the orders with loss of money for everyone, but I will still use them, accepting it there is a risk)

at the end of the day it is your money, spend it as you wish, and continue making your recommendation. I will still recommend cheaper way of doing the same thing. For the volume of transaction i do, Wise would cost me hundreds more a year, ..To each their own.

 

I have no idea why you, or anyone else, might be of the view that hours on end of chasing my money should be acceptable because I previously did not have to spend hours on end chasing my money, Your continued defence of Fineco is just weird.

There is no fallacy in my conclusion. You are not entitled to question my experience.
 

zievar

HELLO AGAIN.  HAS ANYONE ANY EXPERIENCE OF LUMON, PLEASE?

eDicky

zievar said:

HELLO AGAIN.  HAS ANYONE ANY EXPERIENCE OF LUMON, PLEASE?

My only experience is from a search of the name you mention, since you don't provide a link as reference. I assume you mean this outfit:

https://www.lumonpay.com/

Personally I don't involve myself with any service that doesn't transparently state their offered exchange rates or fees, only the current mid-market rates plus disclaimer:

"Please note the rates displayed are live interbank rates, not the exchange rates which we offer, and are for indicative purposes only. Please contact us for our exchange rates."

wmb194

zievar said:

HELLO AGAIN.  HAS ANYONE ANY EXPERIENCE OF LUMON, PLEASE?

Never heard of it. Why do you ask? What attracted you to it versus using something mainstream like Wise?

zievar

It was suggested to me by my guestor that I might get a better rate from them.