Which? recommends avoiding the banks when sending money abroad

Wise

20.09.16 (updated more than 1 year ago)

1 minute read

####New research by Which?, the UK's largest consumer rights body, shows that it pays to shop around when sending money abroad.

The below table shows the stated cost of sending £1,000 to a US Dollar account through various providers, based on Which?'s findings:

The research, conducted over a three week period in October and November 2015, shows that there are big differences in what's offered by banks and new, tech providers.

In this example, by using Wise, consumers could save up to $78. For both comparisons featured, banks came in bottom of the rankings. You can read the full report here.

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.

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