Living Abroad Tips

Send pounds to dollars the wise way

Wise

30.09.20 (updated more than 1 year ago)

Read time 1 minute

Want to save money when you send pounds to US dollars? There’s a smarter, cheaper way to send money internationally.

When you convert currencies with traditional providers, such as a bank, a broker or PayPal, you typically pay a lot more than you expect. On top of fees they charge, they use an exchange rate with a mark-up, which often ends up costing you more than what you thought you’d pay.

Wise is different. We’re on a mission to build faster, cheaper and fairer international payments. Our fees are completely transparent and they’re a fraction of what banks or brokers usually charge. We use the real exchange rate with no mark-up, so you know exactly how much you’re paying every time. It's international banking built the right way.

How Wise works:

Our transfers are fast, fair and low cost – the fee is typically below 1% of the total amount you're sending plus a small fixed fee.
You always get the real exchange rate for your pounds - with no costly mark-up.
You can make GBP transfers straight from wise.com, or from our iOS and Android apps.
You can send money with Wise directly to other bank accounts or to the Wise borderless account, which lets you spend, send and receive money in multiple currencies.

Try our calculator to see how much your transfer will cost:

All your international banking needs in one account. Your Wise account also lets you:

Hold over 50 currencies in your account, and convert between them instantly.
Get paid from abroad for free with local bank details for 6 major currencies.
Spend internationally with our debit card when you shop online or travel.

8 million people already save using Wise - and they're all pretty cool.

Meet Moses Chan, nomad and international diver who has made a successful career travelling all over the world doing what he loves.

“Wise is helpful when it comes to securing contracts around the world, too: you have to make yourself easy to hire, and part of that is making it easy to get paid. Wise’s multi-currency account has been great for that. Maintaining money between separate accounts used to be a nightmare, but the Wise multi-currency account lets me convert between currencies and keep everything in one place.”

Want to read more about how our customers save? Check out our Lives Without Borders series.

Wise is proud to help people living international lives. We're there to help you manage your money across borders. Join our 8 million customers at wise.com, or through our Android or iOS app app.

*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.