International transfer

[killerbyte]

Can anyone recommend a reliable service to do international transfers?

 

[soulie]

swift

 

[Pho3nix]

Wise

 

[Snyper564]

Wise

Yeah think @Speedster would echo this

Just be aware of the limits sub 1m no issue over 1m tcc FIA needed from sars

 

[Speedster]

Yeah think @Speedster would echo this

Just be aware of the limits sub 1m no issue over 1m tcc FIA needed from sars

Yup, I'm a wise guy (you see what I did there?)

https://wise.com

Can anyone recommend a reliable service to do international transfers?

In or out of SA? Incoming I'd go with wise, outgoing Shyft has the best rates, but they only do SDA (i.e. not FIA).

 

[killerbyte]

Yup, I'm a wise guy (you see what I did there?)

https://wise.com

In or out of SA? Incoming I'd go with wise, outgoing Shyft has the best rates, but they only do SDA (i.e. not FIA).

I am sending money to UK, specifically holding deposit for the place I am staying. But once I am that side I need to transfer R200k within the first few months of being there.

 

[Pho3nix]

I am sending money to UK, specifically holding deposit for the place I am staying. But once I am that side I need to transfer R200k within the first few months of being there.

Works fine. Was transferring Money too and from my Monzo account when I was between countries.

Just use Wise. Prod for Referral code

 

[Tman*]

I am sending money to UK, specifically holding deposit for the place I am staying. But once I am that side I need to transfer R200k within the first few months of being there.

Shyft App.

Fees are very low and you can complete a transaction in under an hour ZAR > GBP in your UK account.

EDIT: see this post: https://mybroadband.co.za/forum/threads/immigrating-to-the-uk.983997/post-30527269

 

[Priapus]

I’ve always just used to send money to UK via my bank.

Maybe I should look at other services - as I do it regularly.

 

[richjdavies]

I’ve always just used to send money to UK via my bank.

Maybe I should look at other services - as I do it regularly.

Fees on top of fees on top of spreads -- banks in SA will lie to your face about it (no fee, no cost) when they just basically tell you the exchange rate is different to what it actually is.

From wise.com going the other way as an example. Wise isn't the best -- starling bank would save you R280, OFX a broker would cost R1680 MORE than transferwise, but directly with a bank could cost R11,000 more!

(Don't think wise can do zar into GBP?... You could try currency fair (PM for a referral)-- bit more complicated, but is a truer marketplace - let's you set a bid/ask price and then you wait until someone hits it)




Currency fair for comparison is about R100 less cost for same GBP out to ZAR (same GBP as above wise example to get R200,000)

 

[r4nd0m]

If it's USD and you're transferring to an American bank account via ACH, then Shyft most likely wins. Fixed $14 transfer fee (amount independent) and the spread is decent.

 

[killerbyte]

Created my Shyft account on Saturday night and waiting for my account to be verified so I can send money to the UK. The wait is frustrating

 

[Azurety]

Depends where you’re sending to, but a few solid options are Wise, Western Union, and Ria Money Transfer.

 

[Speedster]

Depends where you’re sending to, but a few solid options are Wise, Western Union, and Ria Money Transfer.

This is hilarious. Thanks for the giggle

 

[maumau]

Depends where you’re sending to, but a few solid options are Wise, Western Union, and Ria Money Transfer.

It's an old thread.

 

[killerbyte]

This is hilarious. Thanks for the giggle

I suspect someone might be trying to pad their post count to be able to sell something. Does the 2nd hand forum still have a post count requirement? or am I confusing MyBB and Carbonite?