Currency brokers can save you money when converting and transferring large amounts of money abroad for property purchases or business because they offer better exchange rates than banks and advice on when best to convert currency.
Online money transfer and investment group Wise has learnt a hard lesson about life as a public company this week, as leading US bank published research on the stock. What happened? US Investment bank Citi, downgraded Wise on Monday citing excessive long term growth expectations in the stock, as the reason for the markdown. Citi […]
Wise walks into a downgrade Read More »
Wise, the recently floated payments and currency transfer company, listed on the London Stock Exchange, has published its half-year report which covers trading up until the 30th of September. What were the Wise results like? The company put a positive spin on the numbers highlighting some of the achievements made, and milestones reached by the
Wise continues to grow with a 46% leap in gross profits Read More »
Wise, the online money transfer and investing platform that was recently listed on the London Stock Exchange posted its second-quarter trading update this morning. The Wise (LON: WISE) share price sliped -2.90 on its second quarter trading update. It’s the first since it made its stock market debut in early July, with a share price
Is it worth buying Wise’s shares after the recent trading update? Read More »
One of the founders of money transfer provider Wise (formally Transferwise) Kristo Kaarman’s fine comes after he was found to have deliberately defaulted on more than £700,000 worth of tax. The co-founder of one of the world’s leading online money transfer sites is in trouble with HMRC. A £365,651 fine is on the cards, but
Wise Chief, Kristo Kaarman, Fined for Defaulting on Tax Bill Read More »
UK fintech Wise (formerly known as TransferWise) has launched a new service in conjunction with fund management giant BlackRock. Wise which started life as a peer-to-peer payments and currency transfer platform, that sort to disrupt and undercut the existing market for international payments business, was founded back in 2011 has grown quickly, and today has
Wise partners with BlackRock to launch a new investing service Read More »
Founded in 2012 by entrepreneur Michael Kent, Azimo with the aim of using technology to ‘democratise overseas currency transfers’. It is faster, cheaper, secure and promises a saving of 90% over traditional money transfer providers. Using its website or mobile app, you can transfer funds to more than 200 countries in more than 80 currencies.
How does Azimo compare Wise and Western Union? Read More »
A user has asked: I wish to receive euros from a house sale in Bulgaria but I need it to go into a euro account. What’s the best way to get this set up. Answer: If you are converting a large amount of Bulgarian Lev into Euros, you should be able to save a significant
How can I get the best rate when receiving Euros from abroad from a house sale? Read More »
A reader has asked: Can I open a business euro account online? The good news here is that yes you can. In fact, you can open most business accounts online, although depending on your requirements you will be better off with a challenger bank like Starling or Revolut. Both of those challenger banks offer slick
Where can I open a business Euro account online? Read More »
The FCA has released a fairly interesting occasional paper titled: “Fair exchange: presenting foreign exchange quotes to improve consumer choice.” The paper was written by Chris Burke, Lucy Hayes, Cherryl Ng and Laura Smart and looks at how and why consumers with an upcoming currency exchange compare exchange rates. Why people don’t understand foreign exchange
A simple solution to opaque currency transfer provider pricing Read More »
A user has asked: I am looking for a service that can handle the conversion of 500,000,000 YEN to USD. The answer to this question is that you really need a currency broker for a large foreign exchange conversion. Using a currency broker for large transactions will give you better exchange rates, more control over
Who can handle a large YEN to USD currency transfer? Read More »