EasySend is a good way if you wish to transfer or move funds to Poland right on the spot. However, it’s not a great way if you want to send money outside the Euro zone. This review will describe the quality of service that the company provides along with its benefits and drawbacks. We focus on unraveling the significant aspects that include the exchange rate, transfer fees and other costs that you will incur.  We have designed a complete list of money transfer service provider for you to compare. You can check the list HERE.

Finance.co.uk also provides guides and useful information regarding the range of products and services. We suggest that you contact us should you wish to find out more. We can help you determine the best alternatives and ranges of services and products that you can choose from.

About EasySend

EasySend was founded by two polish named Robert Lewandowski and Gniewko Juralewicz in 2006. The two worked in Northern Ireland and had realized they wanted to have a more affordable and efficient way to send money back in their country. This desire brought the founding of EasySend. Since it was established, the business handles over £130 million in trade for more than 100,000 customers. Besides, EasySend boasts its quality customer support and claim to acquire satisfied and loyal customers.

Moreover, they want to devise an efficient way to transfer money across borders. With this in mind, they specialize in European transfers and claim to build the best paths for sending the money between the UK, Poland, and Ireland.

Regulatory Compliance

  • EasySend Ltd is authorized to provide payment services by the Financial Conduct Authority in the UK
  • Authorized to provide money transfer services in Poland within the European internal market with a relevant authorization issued by the Polish Financial Supervision Authority (KNF).
  • EasySend Ltd uses GeoTrust, which is among the recognizable brands in the field of internet security.

The Fees and Costs Of Using EasySend

The first transaction with Easy send doesn’t have any fees at stake. In fact, regular customers who initiate every 10th of their transfer will also be free of charge. This means if you’re regularly sending money overseas, every 10th of your transfer will incur zero fees. Here’s the breakdown of the costs you’ll incur when using the service

Transfer Fees

Transfer fees for first-time users initiating transfer are free. Also, every 10th f your transfer incurs zero fees. Apart from this, it can cost 0.99GBP per transfer, which may differ slightly from one country to the other. Transfers that require currency exchange will cost around 3.5GBP.

If your sending from or to Poland, you can enjoy the benefits as transactions from and to this country are the cheapest or even free of charge.

EasySend Exchange Rate

When performing an international transfer, that needs a currency conversion, there is an added fee to the individual transfer processing costs. They do not boldly state the exact margin in their platform. However, as per research using the online calculator, the exchange rate margin is around 2% of the total amount.

EasySend Limits

If you will send up to 300 GBP, there’s no need to provide additional documents for verification. However, when you surpass this amount, you might need to suffice additional documents. It is a part of their regulatory compliance to ask you for documents that will further verify your identity.

Furthermore, your transaction limit is 1,000 EUR. If you need to send more than this amount within a 90 day period, you have to submit a proof of your address and identity. On the other hand, if the amount you need to send is more than 15,000 EUR, you should contact us for further details and will help you determine the next step. We can also help you identify the available money transfer service providers that can initiate larger transfers. 

Available Currencies

  • EUR euro
  • PLN Polish zloty
  • USD US dollar
  • RON Romanian leu
  • CZK Czech koruna
  • HUF Hungarian forint
  • DKK Danish krone
  • SEK Swedish krona

Pros and Cons

Pros

  • Fees are competitive as they allow first time users to send money for free on their initial transfer
  • Speedy transfer as they claim to transfer funds to Poland in just minutes
  • Has security features that protect your funds and information each time you transfer or use the service
  • Allows cash pickup in some countries and from the Poland Post Office so receiver with no bank account can get the funds through this payout option

Cons

  • Only sends money to the Eurozone
  • Limited coverage and reach
  • There ‘s no live chat available unlike other money transfer providers

EasySend VS. Wire Transfer and Banks

The transfer fees and costs that you will incur in using EasySend in way cheaper than banks. It also allows you to take advantage of the few transactions. Also, the exchange rate they offer is much better to other rivals, especially to high street banks. Besides, money is usually delivered within a day. If you want a more speedy transfer then you can pay additional fees for faster transaction speed. 

How Does EasySend Works?

  1. Sign up for free and enter the essential information that you need.
  2. Enter your email address and create a unique password
  3. Choose the language that you want to use when prompted on the screen
  4. Indicate how much you’ll send, where you’ll send it, and the payout option. Take note that transfers below €1,000 will just require personal details. However, transfers more than that amount requires proof of identity and address.
  5. Complete your details by filling out the required fields (for first-time users). This information is stored on your personal account securely.
  6. Enter the recipient’s details which include their name, address, account details and emails address. You can also indicate additional if you wish to.
  7. Check if all the information is accurate and error-free
  8. Fund your transfer by making an online payment using your debit card, credit card, or bank transfer and send it to your EasySend’s account.
  9. You’ll get a message verifying the transaction and confirming your transfer and a one-time code to input. Once you do, your transfer will be in progress.

Final Thoughts About EasySend

EasySend is a great way to transfer money between Poland and the UK. This is because of the low costs that you can get when transferring from and to these countries. However, sending money outside the Eurozone can be more expensive but still more affordable than utilising your regular bank transfers. In terms of security and layout of the platform, it appears that it is quite developed. Also, their customers state that the transfers are certainly speedy and are often fulfilled within two days.

On the contrary, If you need some more information on how you can get the best deals in terms of money transfer services, check this section on our website.

FAQs About EasySend

How does EasySend make money?

EasySend imposes set fees and added margin to the offered exchange rate. You might wonder the exchange rate between companies such as EasySend and XE varies. To know more about how you can get the best deals on your money transfer, check it here. 

What payment methods does EasySend accept?

It accepts payments by debit and credit cards and by bank transfer to EasySend’s account.

What types of transfers can I make with EasySend?

  • Bank account, wherein your recipient can get the money within two working days
  • Cash pick-up which is available in selected location including Armenia, Moldova, Ukraine and Uzbekistan
  • The post office which is available only in Poland, allowing your recipient to get the money 10 minutes after you transfer it.

How long does a transfer with EasySend take?

Transfers to bank accounts will take a maximum of two business days. But transferring to Poland is said to take in just 10 minutes.


Money Transfer Service Providers To Compare

You can check more of the money transfer companies HERE.

XE

XE is one of the big brands in terms of money transfers. They do not impose charges on personal transfers and hedge funds using limit orders.

TorFX

TorFX allows you to register as in individual or business. It offers no fees for personal transfers and can provide scheduled transfers, stop-loss orders, forward contracts and limit orders. They are great to travel money solutions offered in the UK. They do not have cash pickups and multilingual website.

TransferWise

They serve individuals, businesses and online sellers. You can take advantage of their Borderless Account to hold funds in up to 27 currencies. The cost of a transfer depends on the currencies concerned, the transfer amount, and the payment mode.

CurrencyFair

You can register as an individual or a business. They allow scheduled transfers and offers a low transfer amount of €8. The transfer fee includes €3 plus 0.35% of the transfer amount

WorldRemit

WorldRemit allows you to transfer money to the cash pickup location or bank accounts. Their website is available in several languages with a low minimum transfer amounting to £1.

Frontierpay

The company provides scheduled transfers, market orders, and forward contracts. Their personal transfers are free of charge with the minimum amount you can transfer is at £500.