France Price Comparison Research 2024

Wise

23.08.24

Read time 3 minutes

An independent research team compared Wise to five French bank accounts as well as PayPal, Revolut, Western Union and Xoom by PayPal. They fo6nd that we’re on average 5x cheaper for spending abroad. Wise is also on average 4x cheaper to send 250€ abroad. Our fees to withdraw 250€ from an ATM abroad are on average 4x cheaper.

This is based on the prices offered by Wise Europe S.A during the research period.

Research methodology

The competitor research was collected in July-August 2024 during a 5 day period (29/07/2024 - 02/08/2024).

The team looked at data across multiple countries, currencies, and price points to make sure any price claims we make are fair and accurate. The data was collected by simulating a transfer using live accounts on the providers website, during standard trading hours and at the same time every day, whenever possible, to ensure consistency across the comparison.

The research scope looked at the following, across AUD, CHF, GBP, MAD and USD using 250€ as the transaction value:

The cost to send money abroad from an account

The cost to spend money abroad using a debit card

The cost to withdraw money abroad from an account via an ATM

The costs collected for sending money abroad are made up of both the foreign transaction fee and any exchange rate markup. The exchange rate markup is a percentage added to the mid-market exchange rate by a provider when they sell you a currency. The costs collected for spending money abroad and withdrawing money abroad from an account via ATM are only made up of foreign transaction fees.

The research and results

1. Total cost to send 250€. Overall, Wise is 6x cheaper

EUR > AUD: Wise is 6x cheaper

Wise: 2.31€
La Banque Postale: Not offered
BNP Paribas: 0.01€
Société Générale: 39.38€
Credit Agricole: 40.88€
Caisse D'epargne: 2.24€
PayPal: 15.22€
Revolut: 0.82€
Western Union: 2.58€
Xoom by PayPal: 6.12€

EUR > CHF: Wise is 4x cheaper

Wise: 2.75€
La Banque Postale: 19.00€
BNP Paribas: 2.43€
Société Générale: 34.99€
Credit Agricole: 36.00€
Caisse D'epargne: 2.75€
PayPal: 13.86€
Revolut: 0.81€
Western Union: 2.47€
Xoom by PayPal: 7.12€

EUR > GBP: Wise is 6x cheaper

Wise: 2.17€
La Banque Postale: 20.15€
BNP Paribas: 2.52€
Société Générale: 34.57€
Credit Agricole: 37.80€
Caisse D'epargne: 2.18€
PayPal: 14.98€
Revolut: 0.91€
Western Union: 2.49€
Xoom by PayPal: 6.91€

EUR > MAD: Wise is 7x cheaper

Wise: 9.10€
La Banque Postale: 20.06€
BNP Paribas: 3.22€
Société Générale: 36.95€
Credit Agricole: 40.08€
Caisse D'epargne: 9.05€
PayPal: 15.26€
Revolut: 3.08€
Western Union: 1.73€
Xoom by PayPal: 9.05€

EUR > USD: Wise is 6x cheaper

Wise: 2.70€
La Banque Postale: 19.97€
BNP Paribas: 2.47€
Société Générale: 34.58€
Credit Agricole: 36.44€
Caisse D'epargne: 2.69€
PayPal: 14.83€
Revolut: 0.89€
Western Union: 2.46€
Xoom by PayPal: 6.97€

2. Total cost to spend 250€. Overall, Wise is 5x cheaper

EUR > AUD: Wise is 5x cheaper

Wise: 1.08€
La Banque Postale: 5.75€
BNP Paribas: 8.15€
Société Générale: 7.75€
Credit Agricole: 6.25€
Caisse D'epargne: 7.00€
PayPal: Not offered
Revolut: 0.00€
Western Union: Not offered
Xoom by PayPal: Not offered

EUR > CHF: Wise is 5x cheaper

Wise: 1.08€
La Banque Postale: 5.75€
BNP Paribas: 8.15€
Société Générale: 7.75€
Credit Agricole: 6.25€
Caisse D'epargne: 7.00€
PayPal: Not offered
Revolut: 0.00€
Western Union: Not offered
Xoom by PayPal: Not offered

EUR > GBP: Wise is 4x cheaper

Wise: 1.20€
La Banque Postale: 5.75€
BNP Paribas: 8.15€
Société Générale: 7.75€
Credit Agricole: 6.25€
Caisse D'epargne: 7.00€
PayPal: Not offered
Revolut: 0.00€
Western Union: Not offered
Xoom by PayPal: Not offered

EUR > MAD: Wise is 4x cheaper

Wise: 5.11€
La Banque Postale: 5.75€
BNP Paribas: 8.15€
Société Générale: 7.75€
Credit Agricole: 6.25€
Caisse D'epargne: 7.00€
PayPal: Not offered
Revolut: 0.00€
Western Union: Not offered
Xoom by PayPal: Not offered

EUR > USD: Wise is 4x cheaper

Wise: 1.15€
La Banque Postale: 5.75€
BNP Paribas: 8.15€
Société Générale: 7.75€
Credit Agricole: 6.25€
Caisse D'epargne: 7.00€
PayPal: Not offered
Revolut: 0.00€
Western Union: Not offered
Xoom by PayPal: Not offered

3. Total cost to withdraw 250€. Overall, Wise is 4x cheaper

EUR > AUD: Wise is 4x cheaper

Wise: 1.95€
La Banque Postale: 11.75€
BNP Paribas: 10.25€
Société Générale: 9.75€
Credit Agricole: 9.25€
Caisse D'epargne: 9.45€
PayPal: Not offered
Revolut: 1.00€
Western Union: Not offered
Xoom by PayPal: Not offered

EUR > CHF: Wise is 4x cheaper

Wise: 1.95€
La Banque Postale: 11.75€
BNP Paribas: 10.25€
Société Générale: 9.75€
Credit Agricole: 9.25€
Caisse D'epargne: 9.45€
PayPal: Not offered
Revolut: 1.00€
Western Union: Not offered
Xoom by PayPal: Not offered

EUR > GBP: Wise is 4x cheaper

Wise: 2.08€
La Banque Postale: 11.75€
BNP Paribas: 10.25€
Société Générale: 9.75€
Credit Agricole: 9.25€
Caisse D'epargne: 9.45€
PayPal: Not offered
Revolut: 1.00€
Western Union: Not offered
Xoom by PayPal: Not offered

EUR > MAD: Wise is 4x cheaper

Wise: 5.99€
La Banque Postale: 11.75€
BNP Paribas: 10.25€
Société Générale: 9.75€
Credit Agricole: 9.25€
Caisse D'epargne: 9.45€
PayPal: Not offered
Revolut: 1.00€
Western Union: Not offered
Xoom by PayPal: Not offered

EUR > USD: Wise is 4x cheaper

Wise: 2.03€
La Banque Postale: 11.75€
BNP Paribas: 10.25€
Société Générale: 9.75€
Credit Agricole: 9.25€
Caisse D'epargne: 9.45€
PayPal: Not offered
Revolut: 1.00€
Western Union: Not offered
Xoom by PayPal: Not offered

Monthly account fees*

Wise: 0.00€
La Banque Postale: 1.00€
BNP Paribas: 2.60€
Société Générale: 2.00€
Credit Agricole: 8.08€
Caisse D'epargne: 1.55€
PayPal: 0.00€
Revolut: 0.00€
Western Union: 0.00€
Xoom by PayPal: 0.00€

Assuming that waiver criteria has not been met.

This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from Wise Limited or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.

*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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