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Transferring Foreign Currency

  • 07-05-2017 11:18am
    #1
    Dublinchick24
    Registered Users, Registered Users 2 Posts: 1 ✭


    Can anyone help, I need to transfer money from my Canadian bank account to my Irish account, a few people have mentioned Transferwise, Im wary about giving my bank details to a website I don't know unless I have some recommendations that it is trustworthy. Id appreciate any help.

    Thank you


Comments

  • #2
    Bob24
    Registered Users, Registered Users 2 Posts: 10,905 ✭✭✭✭Bob24


    As far as I know Transferwise are legit and reliable.

    It was for a small amount but I used them for the first time 2 weeks ago to transfer euros to a UK sterling account - it was very easy to do and worked fine. They also have a partnership with N26 (German online bank available for Ireland customers).


  • #3
    skippy2
    Registered Users, Registered Users 2 Posts: 393 ✭✭skippy2


    Currencyfair also very good use them regularly and Irish as far as i know........


  • #4
    CiniO
    Registered Users, Registered Users 2 Posts: 16,069 ✭✭✭✭CiniO


    It's not your bank details which you should be wary of giving them. There's no risk in that at all.
    It's the fact that you are actually transferring your money into their account.
    Then they do the currency exchange and transfer money back to your account.

    Only real risk is that company goes bust in the meantime while your money is with them.

    However considering how big they are and how many people use their service every day and did for many years, I think that risk in negligible.


  • #5
    gawker
    Registered Users, Registered Users 2 Posts: 285 ✭✭gawker


    Azimo are pretty great, more flexible than Transferwise in my experience.


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