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Before TransferWise became widely available, and would have mitigated this, I needed to get a birth record from the civil registry (Standesamt) in Kaiserslauter
by techsupporter 6y ago
Before TransferWise became widely available, and would have mitigated this, I needed to get a birth record from the civil registry (Standesamt) in Kaiserslautern, Germany. I had the option of using wire transfer, for a $35 international wire fee from my credit union.
Alternatively, I suppose owing to K-town's long association with the US military, I could mail them a USPS money order. Not an "international money order," a regular USPS "Postal Money Order" denominated in US dollars. For $1.25, it was no contest.
- warent 6y agoTransferWise has been a game changer for me in paying overseas contractors. It's such an excellent product and my limited experience of it has left me a very happy customer.
- Danieru 6y agoTransferWise is incredible. It was cheaper for me to take USD in my account, forex it to Yen, send the Yen to transferwise when paying a co-creator in USD. Sending a USD swift transfer would skip 2 forex transactions yet TransferWise is still cheaper.
- HeavenFox 6y agoI'm curious to learn why this is the case. Does your transfer involve non-US account? If both accounts are in the U.S. there are bank accounts that don't charge wire fee, or you can use Zelle / Venmo / FB Messenger / Square Cash and avoid paying altogether if the amount is small.
- Danieru 6y agoIndeed, transferwise is all about international transfers. For domestic sending the US has fedwire. Japan has furikomi. Banking systems have fine domestic systems, transferwise works by bridging those instant systems. By bridging they skip the interbank swift network.