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0 pointsbufferoverflow5y ago0 comments

It's never .001%. I've done so many international transactions with currency conversion (one of the most liquid pairs - USR-EUR). On the best day a bank will get that 3% difference. I've been using TransferWise in the last year, it's definitely better, but still over 1%.

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vmception5y ago

I get extremely tight spreads closer to .001% with Bank of America wire transfers, Wells Fargo wire transfers, and ATM withdrawals in foreign countries, specifically Mexican Pesos, Swiss Francs, Euros.

It exactly matches the spot FX rate that I would see on my broker's terminals.

Transferwise has not been better for me, except to easily allow me to have Euro bank accounts as an American.

jeltz5y ago

I usually get between 0.5% and 1% spread at my bank and my company is tiny so these are list rates.

j / k navigate · click thread line to collapse

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vmception5y ago

It exactly matches the spot FX rate that I would see on my broker's terminals.

Transferwise has not been better for me, except to easily allow me to have Euro bank accounts as an American.

jeltz5y ago

I usually get between 0.5% and 1% spread at my bank and my company is tiny so these are list rates.

j / k navigate · click thread line to collapse