Bank payments to UK from other EC countries
Thread poster: liz green

liz green
Local time: 12:14
Member (2005)
French to English
Feb 8, 2014

French clients are reporting increased bank charges when paying my invoices from their French accounts to my UK account and I have been looking into alternatives to the traditional bank transfer route. Has anybody used TransferWise to transfer money? They offer a peer-to-peer style system of arranging transfers and are very cheap and, apparently, reliable. However, it appears they are not covered by compensation through the FSCS and therefore transferring money presents a certain risk. Has anyone used TransferWise, or can you recommend other means of obtaining payments from other EC countries (apart from the excessively expensive PayPal)?

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Hazel Underwood  Identity Verified
United Kingdom
Local time: 12:14
Member (2005)
German to English
+ ...
Who do you bank with? Feb 8, 2014

I thought SEPA transfers which are pretty much common practice throughout the EU now were relatively cheap these days.

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Bank payments to UK from other EC countries

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