Warren Buffett
in Banking, Insurance & Loans ·
Hi,
I'll soon need to move a larger sum of money (over $900) to cover my rent via a UK account. I think Revolut is great and I've used them for smaller amounts before, but I'm worried they might freeze my account to verify the source of funds—which would be a nightmare since I'm just a student. Transferwise is my backup plan, but I'm wondering about the fees if I move money from a foreign currency account (like a Euro account at Bank of America) to TW. Is it better to send it to a borderless account first and then move it, or should I just go straight for a direct transfer?
I'll soon need to move a larger sum of money (over $900) to cover my rent via a UK account. I think Revolut is great and I've used them for smaller amounts before, but I'm worried they might freeze my account to verify the source of funds—which would be a nightmare since I'm just a student. Transferwise is my backup plan, but I'm wondering about the fees if I move money from a foreign currency account (like a Euro account at Bank of America) to TW. Is it better to send it to a borderless account first and then move it, or should I just go straight for a direct transfer?