TransferWise – Cheaper international transfers

I recently needed to transfer $1,000AUD to an account in Australia. I had a look at my Bank of Ireland account to work out how much it would cost. There was a fee of €5 for the transfer and ‘foreign exchange margin’ to do the transfer. I couldn’t find any particular percentage for the foreign exchange margin on the fees page. Bank of Ireland do publish their daily currency exchange rates on their website. Using this I could see on the day the transfer would have cost me €736.79 which included the €5 fee. XE.com said that the mid market…

Linked Finance – P2P lending in Ireland

Peer-to-Peer lending has grown in popularity over the last few years. P2P lending is when a individual lends to companies or other individuals directly. There is a market place where the borrowers and lenders are matched together. P2P lending allows the lender to receive higher interest rates then they would get in a savings account. The best interest rate available in Ireland today for a lump sum savings account is less than 1% while with P2P lending interest rates of over 10% is not unheard of. With P2P lending there is more risk involved then a normal deposit account but…

RevolutCard – The must have travel card

Revolut advertise themselves as the ‘Global Money App’ allowing instant transfers between currencies at mid-market rates. This allows you to save big versus the rates offered by banks. This post will concentrate on their RevolutCard which is a prepaid MasterCard designed with currency exchange in mind. I’ve used Revolut since August 2015 and have saved at least €400 using it versus my Irish debit or credit card abroad. How much does Revolut cost? Revolut have a very simple fee scheme: Cost to get a Revolut Card – €0 Each ATM Transaction – €0* Each POS Transaction -€0 Currency Exchange Fee…