My last SWIFT transfer has got "stuck" somewhere but it has typically taken two working days between remitting and receipt. I've heard that some Wise users are saying their regular transfers, typically same-day or "instant" are also taking longer.
Anyone using either method experiencing slower or delayed payments?
Ta
tam
SWIFT and Wise delays?
SWIFT and Wise delays?
'Don't waste your words on people who deserve your silence'
~Reinhold Messner~
'You don't have to be afraid of everything you don't understand'
~Louise Perica~
"Never put off until tomorrow, what you can put off until next week."
~Ian Vincent~
~Reinhold Messner~
'You don't have to be afraid of everything you don't understand'
~Louise Perica~
"Never put off until tomorrow, what you can put off until next week."
~Ian Vincent~
Re: SWIFT and Wise delays?
Wise - depends on time/day/holidays etc
Normal use it's very quick but have noticed if transfer late Friday afternoon it may take to Monday, similar to holidays etc.
The sticking point are the banks this end as the UK does their 'bit' immediately
Wise is cheaper than than SWIFT via banks
Normal use it's very quick but have noticed if transfer late Friday afternoon it may take to Monday, similar to holidays etc.
The sticking point are the banks this end as the UK does their 'bit' immediately
Wise is cheaper than than SWIFT via banks
I was born with nothing and still have most of it left
Re: SWIFT and Wise delays?
Thanks. I am aware that Wise is generally cheaper and faster, just a creature of habit and a bit lazy on finalising my Wise setup. Avoiding holidays at both ends is essential so yes, doing any transactions between Tuesday and Thursday should beat most hurdles.
Now that Bangkok Bank have found my quarter million down the back of the sofa (6 days late), I will get my account configured in Wise and give it a shot next time.
Now that Bangkok Bank have found my quarter million down the back of the sofa (6 days late), I will get my account configured in Wise and give it a shot next time.
'Don't waste your words on people who deserve your silence'
~Reinhold Messner~
'You don't have to be afraid of everything you don't understand'
~Louise Perica~
"Never put off until tomorrow, what you can put off until next week."
~Ian Vincent~
~Reinhold Messner~
'You don't have to be afraid of everything you don't understand'
~Louise Perica~
"Never put off until tomorrow, what you can put off until next week."
~Ian Vincent~
-
Bandung_Dero
- udonmap.com
- Posts: 3763
- Joined: July 10, 2005, 8:53 am
- Location: Ban Dung or Perth W.A.
Re: SWIFT and Wise delays?
Wise = good move.
My monthly 65K+ transfer costs me about 425 Baht above the xe.com rate and usually instant BUT never more than 3 minutes no matter what time or day. And that's over the past 30 months, I have been using them.
The 1st transfer will take up to 2 days as they want to verify your bonifidies.
I use KBank here.
Due again next week, will let you know how it went.
My monthly 65K+ transfer costs me about 425 Baht above the xe.com rate and usually instant BUT never more than 3 minutes no matter what time or day. And that's over the past 30 months, I have been using them.
The 1st transfer will take up to 2 days as they want to verify your bonifidies.
I use KBank here.
Due again next week, will let you know how it went.
Sent from my 1977 Apple II using 2 Heinz bake bean cans and piano wire!
-
Bandung_Dero
- udonmap.com
- Posts: 3763
- Joined: July 10, 2005, 8:53 am
- Location: Ban Dung or Perth W.A.
Re: SWIFT and Wise delays?
Less than a minute to complete a transfer with Wise this morning - AUD against the THB has been crumbling over the past 2 months = that sucks!
Sent from my 1977 Apple II using 2 Heinz bake bean cans and piano wire!
Re: SWIFT and Wise delays?
Same for me, transactions are virtually instantaneous. Only times there is a delay tends to be bank holidays in UK.Bandung_Dero wrote: ↑September 24, 2024, 7:25 amLess than a minute to complete a transfer with Wise this morning - AUD against the THB has been crumbling over the past 2 months = that sucks!
Agree about the Baht, Thailand is almost a busted flush economy but their currency is becoming more valuable?