Money Making Megastar!
Aug 7, 2014
Reaction score
Is anyone using this money transfer service? I'm looking at opening a multi currency account to receive payments and Transferwise has been suggested. I work freelance for a company who currently pay their UK operators in GBP from the Netherlands. They have been refunding the international transfer fee when paying earnings, but gave 3 months notice in July that they can no longer continue to do this. They advised that to avoid standing the fee myself, I would need to switch to a Euro account. When they pay me in Euros, I'm assuming there will be a conversion fee, if I then transfer the money to the UK bank account where all my bills are paid. Is this correct and if so will the conversion fee be less than the £7 international transfer fee there currently is. They usually pay me around £150 per month.


Active Member
Jan 15, 2019
Reaction score
Hi, I transfer monies to my 'foreign' bank account 3-4 times a year. I have used Travelex, Transfergo, Western Union, and HiFx (which changed names recently).
Travelex were a bit of a hassle to set up. I had to have a phone conversation with an 'account manager', who sounded like he was from India (not sure whether he was based in the UK or not). I think they're the ones who call you on your mobile to confirm the transfer afterwards, I find that really irritating as there is a bad phone signal where I live, and I don't particularly like making 'financial' phone calls during my lunchbreak at work, or in a cafe, or in a railway station or an airport!
Western Union is the platform I find the easiest to use.
I have been keeping a spreadsheet for several years, where I compare how much I'd get in euros with each provider before making a purchase, and at times Western Union have paid more, at other times Travelex or HiFx have paid more. I still used Transfergo once, as I could get cashback.
With cashback sites, usually, you only get cashback on your first money transfer, when you register as a new client. You don't get usually get cashback on future transfers, except sometimes if you are paying over a certain amount. I generally transfer £300/£400 at a time, to pay bills, so I am not a 'good' client and don't get offers!
I have been badgering PayPal as currently they do not offer people the option to nominate a bank account in your name in more than one country... except if you are American. They told me I would be able to nominate my foreign bank account if it was registered at an address in that country (it is registered at my address in the UK, I can't afford to have a holiday home overseas!). Circle (I got an account with them when I joined Prolific surveys) won't do 'foreign' bank accounts either.



Forum statistics

Latest member

Latest profile posts

Just popped back in as been busy matched betting and loving it. Am just short of £6.5k profit since I started and I am quite lazy lol. Thank you to the Money Shed for fattening my bank balance!
Great to see the sun out at last!
Starting the process of transferring a domain out of GoDaddy...
Think I'm going to relaunch an old domain....
Happy birthday to me!