TransferWise: Banking and currency exchange

BPNBound

Active Member
Joined
Feb 6, 2019
Messages
58
Count me in as a fan.

I was slightly cautious so sent 2 lots of $USD4k from HSBC Indonesia to Commonwealth Bank in Australia (CBA) yesterday afternoon (WIT)

HSBC, I converted in house to AUD and sent to CBA = $AUD 5,549 ( Transfer appeared this morning)
HSBC, transferred to Barclays UK (Transferwise) and then to CBA= $AUD 5,785 ( Took 30 minutes!)


The transfer via HSBC cost me $AUD 30 in charges, The fees for transferwise was $10 USD.

Transferwise was better by $AUD 250. If I had gone all in... a nice $AUD 500 saving.

Thats a $AUD 6,000 or more yearly saving for me!
 

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