Transferwise vs Currencies Direct

When we looked into international transfers, there are loads to choose from. Here’s the two we used

Transferwise vs Currencies Direct

Currencies Direct – www.currenciesdirect.co.uk

Signed up as they were offering an Amazon gift card worth £75. Had to speak to someone upon signing up, why do you need to speak to me? just give me the check out code!

Anyway, here are the screen shot’s of the complete transaction for the sum of £10,000 GBP on the 16th July 2015

transferwise vs currencies direct

This image is from the home page however, once you click get started the quote changes. This is due to the constant movement of the real price of GBP/NZD and is only an estimate

transferwise vs currencies direct

a difference of £279.90 from the previous page and Currencies Direct rate is 2.3620

The current rate according to XE.COM was 2.39137.

 

transferwise vs currencies direct

Switching over to Transferwise.com I found a better rate

transferwise vs currencies direct

Continuing to the second page the rate stayed the same


transferwise vs currencies direct

It wasn’t till the final payment page the amount changes to incur the commission Transferwise takes. Still the difference is only £15.47

 

 

transferwise vs currencies direct

In situations like these where sums more than £500 are involved, I’m looking for two qualities when choosing a company.

Reputation;

I found good reviews on both services Trust Pilot : https://www.trustpilot.com/review/www.currenciesdirect.com

https://nz.trustpilot.com/review/transferwise.com

Ease of Use

If I have to click too many things or go to another page, then I start to lose interest. I begin to start doubting whether I’m doing the right thing. It’s a weird feeling that I suffer from, it something takes too long to complete I get buyers remorse. Tranferwise for me was the better deal not only with the rate I got but also their ‘one page’ style site

 

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Nicholas Manarangi

After 10 years away Nick and his family are returning to New Zealand. Leaving their busy London lives behind and exchanging it for new challenges in Auckland. Motivated by family and a change in lifestyle.

Nick's Dutch wife is mostly concerned about the quality of NZ chocolate and cheese.Hope we don't disappoint.
connect here

Nicholas Manarangi

After 10 years away Nick and his family are returning to New Zealand. Leaving their busy London lives behind and exchanging it for new challenges in Auckland. Motivated by family and a change in lifestyle. Nick's Dutch wife is mostly concerned about the quality of NZ chocolate and cheese. Hope we don't disappoint.