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TransferWise - Up to 8x cheaper than banks

All pricing data was obtained independently by leading market research company TNS through audit phone calls and online research. The fieldwork was carried out between 15th August and 26th August 2016, and shows the quoted overall costs of sending British Pounds internationally from the UK through major UK banks the sums of £100, £1,000, £5,000 and £10,000 via their online and phone services. The routes included in the research are GBP to EUR, GBP to USD, GBP to INR and GBP to AUD. TransferWise has calculated how much its average customer saves based on the pricing data collected by TNS and the profiles of TransferWise's customers.

List of banks included in the research:

Barclays (online banking)
Barclays (phone banking)
Co-op (online banking) 
Co-op (phone banking) 
First Direct (online banking)
First Direct (phone banking) 
Halifax (online banking) 
Halifax (phone banking) 
HSBC (online banking)
HSBC (phone banking)
Lloyds (online banking)
Lloyds (phone banking)
Nationwide (online banking) 
Nationwide (phone banking) 
NatWest (online banking) 
NatWest (phone banking) 
Post Office (online banking)
Post Office (phone banking) 
RBS (online banking)
RBS (phone banking)
Santander (online banking)
Santander (phone banking)
TSB (online banking) 
TSB (phone banking) 
Western Union (online banking)
Western Union (phone banking)

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