Anyone used TransferWise to transfer funds to non UK accounts?

[Anniemcc2]

https://transferwise.com

My son and I are thinking of using it to transfer funds from the UK to Australia.

Answers on a postcard, please

[doggiemad]

have no idea never used it but if they have paypal you can send them money as a gift that way saving you fees

[Anniemcc2]

Dislike using Paypal for various reasons - plus they overload the exchange rate in their favour on cross currency transactions -- even gift payments.

TransferWise fees very reasonable.

[lofty100e]

I have not used this, am too tired to read all the bumf at the moment; but it looks like a potential payment alternative for international bank transfers. Will have a look at it later.

[Anniemcc2]

To transfer £100 into another currency costs £1 !

This can be done via bank transfer or debit card.

[lofty100e]

To transfer £100 into another currency costs £1 !

This can be done via bank transfer or debit card.

Yes but then surely you would still have to pay currency change fees to the bank / building society?

[Anniemcc2]

No - the only charge was £1