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money transfer

Discussion in 'COVID-19' started by negrosorientalron, Jul 28, 2020.

  1. Happy Camper

    Happy Camper DI Senior Member Restricted Account Infamous Showcase Reviewer

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    Seriously? In todays environment no International transfers? Time to get a new bank.
     
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  2. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    His bank is fighting the fight against the globalists! It just sucks for him that he is one. :rolleyes:
     
  3. dadof3at1ce

    dadof3at1ce DI Member Veteran Marines

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    I have been only using it a few months, but almost every time it takes 2 days. Only once has it been shorter. I am sending roughly 2k at a time for some projects we are getting done. Does it get better over time?
     
  4. Ozzyguy

    Ozzyguy DI Forum Adept

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    Not over time, I send to a factory in Bangkok have been for about two years, transfer almost weekly, Always a few days, always the best rate.
     
  5. Always a Poppy

    Always a Poppy DI Senior Member Restricted Account

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    TransferWise send the money almost immediately. Depends on the receiving bank how long it will take to arrive.
     
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  6. DAVE1952

    DAVE1952 DI Senior Member Showcase Reviewer

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    Yes I believe you are correct there.
     
  7. Notmyrealname

    Notmyrealname DI Forum Luminary Highly Rated Poster Showcase Reviewer

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    TIP: If you see a good exchange rate with Transferwise on a Saturday (perhaps from late Friday even) then START the process but don't transfer the money from your bank account. You will have until early Tuesday to complete at THAT rate.

    Then look at the rate on Monday - if it significantly improves, cancel your original transaction and do a new one. If it is the same or lower then continue with your original transaction by transferring the money from your bank account.

    This is more useful to those who have currencies at home which are a bit volatile (like the British Pound).
     
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  8. dadof3at1ce

    dadof3at1ce DI Member Veteran Marines

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    It seems to me it takes longer for them to get the money from my account than it does to receive it in my wife's BDO peso account.But maybe just my imagination and anxiousness to get it there.
     
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  9. Always a Poppy

    Always a Poppy DI Senior Member Restricted Account

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    If you get the TransferWise app on your phone and use that it shows you the transaction progress - normally about 10 minutes and off to your bank. Tip though, you have to close the app down and reopen to refresh it to see the updates.
     
  10. DAVE1952

    DAVE1952 DI Senior Member Showcase Reviewer

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    I think what you are saying is; Transferwise gives a guaranteed rate for 24hrs from the start of a transaction? but you must pay them within these 24hrs to get that rate even though it may drop off during that time.
     
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