We promise transparent and cheap wire transfers. When comparing banks and other similar services,
you deserve to know how much the recipient can expect for the money you send.
To make the picture clearer than a banker’s monocle, on April 9th, 2012 we took a snapshot of exchange
rates and transaction fees at commonly-used banks and other money-transfer services. And compared them
to ours. This is all very self-serving, but TransferWise is the cheapest way to send money abroad.
| Margin |
Rate |
Fee |
Total cost |
|
0.00%
|
1.1739
|
£ 4.98
|
£ 4.98
|
|
2.50%
|
1.1446
|
£ 1.45
|
£ 26.41
|
|
3.50%
|
1.1328
|
£ 0.20
|
£ 35.19
|
|
2.90%
|
1.1399
|
£ 15.00
|
£ 43.57
|
|
2.75%
|
1.1416
|
£ 17.00
|
£ 44.03
|
|
6.39%
|
1.0989
|
£ 48.00
|
£ 108.83
|
| You receive |
Difference |
|
€ 1,168.05
|
|
|
€ 1,142.89
|
€ 25.16
|
|
€ 1,132.59
|
€ 35.47
|
|
€ 1,122.76
|
€ 45.29
|
|
€ 1,122.21
|
€ 45.84
|
|
€ 1,046.14
|
€ 121.91
|
The big print giveth and the small print taketh away. Not with us. We don’t cheat. We think it’s why
armies of smart people are choosing TransferWise for their international money transfers.
To see the real mid-market exchange rate please go to
Reuters or
CNN Money
