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wdaareg | 4 years ago

I would be interested to learn more about why you're unable to transfer money directly between those two accounts!

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fsniper|4 years ago

I can do it through a Swift transfer. It is costly, as there can be multiple banks in between and each bank applies their own "un advertised" fees. Also it can't be tracked. It's like throwing money to a worm hole. It can arrive at the destination in a few working days or not. No view into what happens in the worm hole. So swift transfers are unpredictable.

There is Revolut, which can do this free or low cost, but lately this service seems to be akin to swift transfers and can be fee deducted by interim banks. Our circle has been using Revolut for similar transfers up until some of us fee deducted by huge amounts.

So this leaves us with Transferwise. And Transferwise only does exchange transfers across borders.

This is not really something we are happy with because there are exchange taxes applied in Turkey to move it into the Euro account back.