OceanBeach92107 wrote:Peeweeaz1 wrote:I have frequently used Sharemoney to transfer money from my US bank account to an individual in VN for pick up at a local SACOM bank. Easy peasy.
That's an incredibly expensive solution for large sum transactions.
Their online fee is 2.99% and the maximum transaction is $2,999.00
At that rate, it would cost $89.67 for a $2,999.00 transfer, not including any fees by the receiving bank in Vietnam.
Charles Schwab Bank (for example) charges a $25.00 flat rate fee.
Not sure what Transferwise would charge for that same transaction from the USA to Vietnam, but I seem to recall that it's cheaper than Sharemoney and more expensive than Schwab.
There is another thread on here where we discussed that specific subject 'ad nauseam'.
I think he's talking about cash withdrawals without having a local bank account.
That would have to be compared to WesternUnion.
TransferWise does not offer such a service, and I don't think Schwab does either.
