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You can also use a plain old brokerage account. My broker charges 0.2% commission, less than half TransferWise's lowest rate, and it's direct access to the inte
by ramchip 11y ago
You can also use a plain old brokerage account. My broker charges 0.2% commission, less than half TransferWise's lowest rate, and it's direct access to the interbank market so there's no margin, execution delay, etc.
The downside is you need to own the account you send money to, due to AML laws.
- Symbiote 11y agoWould they transfer, say, £1000, or only much larger amounts? I tried to find brokerage accounts, but either the rates were bad, or the minimum amounts too high. It could be useful next year though, if I buy a house here.
- ramchip 11y agoYou can transfer as little as you wish, but you're right, there's a minimum to open and hold the account.