[Mr.Coffee]

Originally Posted by Jimmy Stang

I'm a pretty happy customer of Wise. If your cousin is willing, if you both have a Wise account set up, you can actually send money in the same currency for free between Wise accounts. You only pay the exchange, which is lower than the banks, when you change currencies.

Of course, Wise is just a middle man between your two banks. You'll still need to create a link between each bank (you and your cousin) and Wise to get money in and out. But they are a much more affordable middle man than PayPal, and comes with a bunch of other benefits.

Wise also provides you with banking details in different currencies. Bank account number, Swift, IBAN, etc. So suppose someone wanted to pay you in a different currency - you could provide them with your Wise account details in that currency and you get paid by direct deposit. No fees to receive money like that.

Some added benefits of Wise is that they issue you a Visa debit card. If you are travelling abroad, you can spend in the local currency (or let Wise do the conversion on the fly for you). You'll get a better exchange rate than the credits cards and banks. And no word of a lie, I went to Scotland and Ireland recently and took ZERO cash with me in Euros or Pounds, and relied entirely on Wise. Granted, I was in a group with other family members, so I had a backup. But my Wise debit card was accepted in every single place that needed it.

It also came in handy when splitting bills with the others in our group. If I owed someone some GBP or EUR, I could transfer it to them instantly using Wise for free (they also had Wise accounts). Much easier than converting to CAD while sitting in a pub somewhere. Here's £15. Done.

I’d never heard of Wise before this thread but it sounds literally exactly what Dunbridge is.