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Bank for international transfers

Finance

P B Admin at KYD Posted 5 years ago

Hi
Wondering if anyone can advise which bank would be best for me to use for my charity trust?
I need good service for making international transfers from the uk charity to the parent organisation abroad. and good online banking.
Is TransferWise a good idea?
Any advice or information would be much appreciated!
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Mary Morris

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at 5 years ago

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Hi,
We both send and receive money internationally.  We use one of the big international banks for our main bank account, but recently we have started using both TransferWise and FairFX for international transfers.  These routes are more cost effective than direct international bank transfers.
A lot depends on which country you are sending money to (which is why we are using both TransferWise and FairFX for different purposes).  Experience with both has been positive so far.  Neither provide a full banking service, so you would need to think of them as an "add-on" rather than a replacement for your main bank.
If you would like to message me directly I could give you a little more detail.
 

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P B

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Admin at KYD 5 years ago

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Mary Morris   many thanks vey helpful

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