For anyone using Transferwise, they are changing their name.

rraypo Serial expat

Member since 01 October 2020

rraypoSerial expat23 February 2021 21:08:10

776

I received this from them today.
"We're changing our name to Wise.
Because we鈥檙e the international account used by over 10 million people to make it easier to live, work, travel and do business around the world."

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English Penguin Contributor

Member since 08 October 2020

English PenguinContributor24 February 2021 13:51:40

123

Was using them for years to send BRL -> GBP and this recent update has been a pain! Can anyone recommend other options that don't take a chunk of the transfer as a fee?

Californian.in.SP Active member

Member since 17 December 2020

Californian.in.SPActive member24 February 2021 13:58:49

English Penguin wrote:
Was using them for years to send BRL -> GBP and this recent update has been a pain! Can anyone recommend other options that don't take a chunk of the transfer as a fee?

I use ria money transfer I'm not sure is it cheaper or not but I聽 can transfer directly from my bank account to bank account in Brazil.

abthree Brazil Expert

Member since 28 December 2017

abthreeBrazil Expert24 February 2021 14:28:03

6389

English Penguin wrote:
Was using them for years to send BRL -> GBP and this recent update has been a pain! Can anyone recommend other options that don't take a chunk of the transfer as a fee?

I use them to send USD to Brazil every month, and haven't seen an increase in fees with the update.聽 There was an increase between November and December, but it was only ten cents US.聽 What kind of increase are you seeing transferring GBP?

English Penguin Contributor

Member since 08 October 2020

English PenguinContributor24 February 2021 17:20:25

123

It's not actually a fee increase, it's that they are fully not supporting the transfer anymore at all from BRL. I get this message

"Sorry, you can鈥檛 make transfers from BRL at the moment. We鈥檙e working to change this as soon as possible. Please check back here for updates"

They did notify me in early January that they'd be temporarily stopping it but they don't have an ETA for when it's going to resume. I know they had a shady split with MS Bank and even MS Bank poaching customers from Transferwise by using their customers emails, but for the moment, I don't really see many other options to send money abroad FROM Brazil other than the expensive bank transfers and SWIFT options, again expensive!

English Penguin Contributor

Member since 08 October 2020

English PenguinContributor24 February 2021 17:21:00

123

Californian.in.SP wrote:
English Penguin wrote:
Was using them for years to send BRL -> GBP and this recent update has been a pain! Can anyone recommend other options that don't take a chunk of the transfer as a fee?

I use ria money transfer I'm not sure is it cheaper or not but I聽 can transfer directly from my bank account to bank account in Brazil.

Thanks for the tip. Unfortunately I am trying to send Reals to Sterling and this site doesn't seem to support that.