Money transfers
#2
Forum Regular
Joined: Nov 2021
Posts: 102
Re: Money transfers
Atlantic Money. I have used them a few times and had no problems. There are transfer limits but you can increase those the more you use them. Cheaper than Wise and Revolut for the time being but that may/will change as they all do.
#5
BE Forum Addict
Joined: Dec 2013
Location: Consolacion,Cebu
Posts: 1,935
Re: Money transfers
Used Transferwise/Wise for over 9 years with no problems. Since they changed to Wise, the only difference has been that depending on the amount I'm sending, they use a OTP to my phone. most of the time there's no problem.
I believe above a certain amount - 100,000pesos to here for example, they MAY require proof of identity but so far I've not been asked for it!
Oh, transfer times are much quicker now as well - about 20 minutes to here.
I believe above a certain amount - 100,000pesos to here for example, they MAY require proof of identity but so far I've not been asked for it!
Oh, transfer times are much quicker now as well - about 20 minutes to here.
#6
Re: Money transfers
I have wondered if it makes a difference who you are paying. In my case I do regular transfers from my UK bank account to my Croatia bank account, both in my name. It could be that such transactions are deemed safer than those to a different named account and therefore require less identity verification measures.
#7
Forum Regular
Joined: Nov 2021
Posts: 102
Re: Money transfers
I would be careful if using Revolut, I had my account frozen twice and it is a pain to get it unfrozen so I no longer use them, too risky. Transfers I made were always to my own personal accounts. If you want to use Revolut for more than 1000 a month then it is more expensive unless you pay for a premium account which is about 8 euros/month and you have to pay for 12 months. Revolut also charge a 0.3% fee for transfers to the UK and there used to be a 30 euro limit on this fee but that has now increased to 300 euros.
#8
Forum Regular
Joined: Jul 2021
Location: Abergele, Alges and Faro (boat)
Posts: 283
Re: Money transfers
I've been using them for years and transferred £8k last week, was already in CGD when I checked about 5 minutes later.
I seem to remember when Transferwise became Wise, they changed their bank ref. so check you have up to date info.
#9
Forum Regular
Joined: Aug 2019
Posts: 75
Re: Money transfers
#10
Re: Money transfers
I have wondered if it makes a difference who you are paying. In my case I do regular transfers from my UK bank account to my Croatia bank account, both in my name. It could be that such transactions are deemed safer than those to a different named account and therefore require less identity verification measures.