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Efficient currency exchange and overseas transfer

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Elite Member
auckland New Zealand
Trading Experience: Intermediate
Platform: trading Blox, Tradestatio
Favorite Futures: futures
Posts: 5 since Oct 2014
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Possible way to transfer money

Hi Jking556

I am always looking for the cheapest way to transfer money. I believe the banks are making a killing out of transfers.

I have recently come across this one:

The cheapest and fastest way to transfer money - The Local

This is their official website: https://transferwise.com/

They have even a wikipedia entry: https://en.wikipedia.org/wiki/TransferWise

I have absolutely no idea if they are the cheapest. Unfortunately I can't use them (they cant transfer NZD to USD in Peru). But the idea seems to make a lot of sense.

Perhaps someone else has experience with them?

You might want to investigate them. You could transfer a small amount of money with them and at the same time the same amount of money with AMP. That is probably the best test.

Good luck.

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