Paying in a foreign currency
1 post, 1 voice
Simon Willcocks (1499)
509 posts
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At the risk of sounding like spam, there are online services that allow you to send money in the destination currency, I’ve been using Wise.com for a while now, I think there are others. You tell them how much you want to send in Euros, they tell you how many pounds that is, you transfer the money to their account, and they transfer the Euros to the destination. The whole process usually takes a few minutes. They take a small fee but little or no spread on the exchange rate. They simply keep bank accounts in the UK and Europe, accept payments to one and make payments from the other, spoiling the banks’ fun. They haven’t stolen anything from me yet…. |
