For anyone using Transferwise, they are changing their name.

Last activity 24 February 2021 by abthree

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rraypoSerial expat23 February 2021 21:08:10

754

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

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.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 can transfer directly from my bank account to bank account in Brazil.

abthreeBrazil expert24 February 2021 14:28:03

5899

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. There was an increase between November and December, but it was only ten cents US. What kind of increase are you seeing transferring GBP?

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’t make transfers from BRL at the moment. We’re 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 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 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.

abthreeBrazil expert24 February 2021 17:43:38

5899

English Penguin,

Sorry to hear that. I wonder whether it's Brexit-related.

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