Fee free foreign transfers til 31st Jan
Jan 23rd 2017, 4:31 pm
#1
Forum Regular
Thread Starter
Joined: Sep 2016
Location: Nr Vila Velha Ródão & Southampton
Posts: 254
Fee free foreign transfers til 31st Jan
http://www.johnlewisforeigncurrency.com/international-payments/myjloffer?track=jlfx:EMFXIP296
It's being offered by John Lewis (a name that's as trustworthy as they come)
Paul
It's being offered by John Lewis (a name that's as trustworthy as they come)
Paul
Jan 23rd 2017, 7:19 pm
#2
BE Forum Addict
Joined: Jul 2009
Posts: 1,837
Re: Fee free foreign transfers til 31st Jan
John Lewis International Payments, provided by HiFX Europe Limited.
Jan 23rd 2017, 9:43 pm
#3
Resident Cynic
Joined: Aug 2013
Location: Suffolk,UK; Alentejo, Portugal
Posts: 14,972
Re: Fee free foreign transfers til 31st Jan
At the end of the day it depends on how much you get for how much you pay, with or without fees.
If JL offer a good rate AND are fee-free, then it's a good deal.
If JL offer a good rate AND are fee-free, then it's a good deal.
Jan 23rd 2017, 10:08 pm
#4
Forum Regular
Joined: Mar 2008
Posts: 218
Re: Fee free foreign transfers til 31st Jan
Has no-one heard of transferwise? Rate 1.158 no fees or other nonsense.
John Lewis 1.1037.
Am I missing something?
John Lewis 1.1037.
Am I missing something?
Jan 23rd 2017, 10:13 pm
#5
BE Forum Addict
Joined: Jul 2009
Posts: 1,837
Re: Fee free foreign transfers til 31st Jan
That JL rate was based on independent research by Consumer Intelligence during 03 October – 31 October 2016, using data obtained online from 3,848 data points during the period stated above for sending £10,000 in €.
Makes it easy to compare, doesn't it?
Makes it easy to compare, doesn't it?
Jan 23rd 2017, 10:16 pm
#6
Forum Regular
Joined: Mar 2008
Posts: 218
Re: Fee free foreign transfers til 31st Jan
OP's link seems out of date, but JL current rate 1.1363, well below transferwise.
Jan 23rd 2017, 11:15 pm
#7
BE Forum Addict
Joined: Jul 2009
Posts: 1,837
Re: Fee free foreign transfers til 31st Jan
Using a tool from XE.com it would seem that the standard JL rate is about 3.2% worse than the mid-market rate (based on £1,000) compared to 0.5% with TransferWise. Saving the £9 JL transfer fee helps to reduce the penalty from 3.2% to 2.3%.
