Here's how much it actually costs to send £50,000 to euros with TransferWise, along with two high street banks. As you can see, you have to look at the exchange rate and fee in tandem.
Data collected from providers' websites on 19th of December. Learn more
To make extra money, banks often add a spread to the exchange rate. It's like a big, hidden fee.
Our smart tech and lower costs let us give you the real rate, like the one you'll see on Google. Combine that with our transparent, upfront fee, and more of your money gets to the other side.
And if your transfer is over £100,000, your fee will be 0.1% less on the amount that's over that threshold.
We have very high transfer limits, but your bank might not. Ask them how much they'll let you send per day or per transfer. If they have limits, our support team can help you plan your transfer.
Send us your ID and proof of address in advance to save time on verification later. See how verification works with TransferWise.
When you set up a transfer, your rate is guaranteed for 24–48 hours, so you have time to take advantage of a good rate. Sign up for our rate alerts, and we'll let you know when the rate is best.
TransferWise is an authorised Electronic Money Institution, independently regulated by the Financial Conduct Authority (FCA) in the UK, the Financial Crimes Enforcement Network (FinCEN) in the US, and many other regulators around the world.
To safeguard your money, we keep it in low-risk financial institutions including JP Morgan Chase, Deutsche Bank, and Barclays.
We're also happy for you to judge us by our over 5 million customers. See what they have to say on Trustpilot.
We want to make it as easy as possible to send large amounts of money abroad.
If you have any questions or something's not clear, just reach out. Our specialist can walk you through the entire process.
Once you’ve opened your TransferWise account, we’ll need to verify your identity, usually with some photo ID, proof or address, and/or a picture of you holding that ID.
The way we verify you depends on a few things:
The amount you send:
The currency you send:
How many transfers you've made:
A valid ID document can be:
A valid proof of address document can be:
If your money comes from your salary, we might ask for:
If your money comes from investments, we might ask for:
If your money comes from selling property, we might ask for: