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<p>[QUOTE=&quot;Andrew McCabe, post: 3197564, member: 90666&quot;]It&#039;s not the only such firm. Recently I&#039;ve used</p><p>- Xoom</p><p>- CurrencyFair</p><p>So far as I can see, they all do the same thing. You send a bank transfer in your currency to a local bank in your country or currency area. In turn they send a transfer to the recipients, in the recipients currency, from a bank local to the recipient. Because of this structure, there are no &quot;wire&quot; or other transfer costs because everything is done local bank to local bank (and Xoom or CurrencyFair or TransferWise do the big currency swaps in the background at beneficial rates).</p><p><br /></p><p>It&#039;s worth shopping around though. Don&#039;t get hung up on &quot;TransferWise&quot;. Maybe you would save a lot more with &quot;Xoom&quot; or someone else. &quot;CurrencyFair&quot; charge me a fix fee of 4 euros per transfer, and after that I get the best money market rate which is typically 0.1% or better off the XE central rate, which actually sounds better.[/QUOTE]</p><p><br /></p>

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