I may have lived overseas for almost 3 years, but one thing I didn’t do before relocating was to close my english bank account. For me, it just seemed easier to keep it open just incase I ever move back. Plus, I use my card whenever I visit home and I also pay my masters degree loan from that account every month.
When I first moved here, I thought the only two options I had to transfer money to my english account were through my Norwegian bank account (which is expensive) or through PayPal (time consuming and difficult). For the first few months, I used PayPal until I came across TransferWise.
I’m not really sure how I discovered it, I think I just stumbled upon it when searching for a more efficient and easier way to do my monthly transfers! Anyway, I did a little bit of research into it first as I’d never heard of it before, and found that it was developed by the same people at PayPal. (So far so good…)
After signing up, another thing that appealed to me was their interface, which is very user-friendly and modern (another great thing to have when transferring money as it makes things so much easier!)
I’ve been using this service since December 2013 and so far, I have transferred £9700 and saved £225 in fees!
It’s easy and free to sign up! If you use the following link, you receive your first transfer up to £500 for free.
Reasons to use TransferWise:
- Free to sign up
- Low fees compared to your bank
- Fast transfers
- Supports many different currencies
- Great customer service (Respond quickly and are very helpful)
- Easy to use interface
- Cheaper than PayPal
If you have any questions about how to use this service, I would be happy to try and assist 🙂
My review and opinions expressed here are my own and based on my experience with TransferWise. I am not affiliated with the brand nor do I endorse them and they do not endorse me. I am not paid for my review.