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UK High Amount Transfer Price Comparison Research 2026

A dedicated comparison research team in Wise compared Wise to 4 UK standard banks. They found that we're on average 6x cheaper to send £50,000 and £100,000 abroad. This is based on the prices offered by Wise Payments Limited during the research period.

Research methodology

The competitor research was collected in January 2026 during a 5 day period (05/01/2026 - 09/01/2026).

They looked at data across multiple 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, EUR, USD using £50,000 and £100,000 as the transaction value:

  • The cost to send money abroad from an account

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.

How did we calculate our price claims?

Comparing fees

For each currency pair — such as GBP to AUD, GBP to EUR, etc. — our team compared the fees charged by Wise to the average fees charged by competitors.

When you send larger amounts with Wise, you benefit from our volume discounts. For example, when sending over £20,000, our fee drops from 0.33% to 0.27%. This means the more you send, the more you save.

Calculating savings

The following formula was used to show how much you save with Wise compared to competitors:

  • % saving = cost of using Wise against a competitor’s average fee × 100
  • This formula tells you the percentage you’d save by using Wise instead of the average competitor.

What does that look like?

If a GBP to AUD transaction shows a 80% saving, it means Wise fees are up to 80% lower than the average competitor fees for that particular currency pair.

What about the average savings?

After calculating the savings percentage for each currency pair, the average represents the overall savings claim for Wise across different services like sending, spending, or withdrawing money.

The research and results

Total cost to send £50,000. Overall, Wise is on average 6x cheaper.

GBP > AUD: Wise is on average 7x cheaper

Sending £50,000 to another country? Wise will cost up to 85% less compared to how you’re doing it now.

  • Wise: £130.35
  • Barclays: £991.25
  • HSBC: £439.63
  • Lloyds: £1,288.92
  • Halifax: £1,260.72

GBP > EUR: Wise is on average 6x cheaper

  • Wise: £135.21
  • Barclays: £888.86
  • HSBC: £313.61
  • Lloyds: £1,228.87
  • Halifax: £1,228.84

GBP > USD: Wise is on average 6x cheaper

  • Wise: £150.61
  • Barclays: £888.53
  • HSBC: £316.69
  • Lloyds: £1,232.94
  • Halifax: £1,239.52

Total cost to send £100,000. Overall, Wise is on average 6x cheaper.

GBP > AUD: Wise is on average 6x cheaper

Sending £100,000 to another country? Wise will cost up to 80% less compared to how you’re doing it now.

  • Wise: £240.10
  • Barclays: £1,373.74
  • HSBC: £831.65
  • Lloyds: £2,205.54
  • Halifax: £2,201.44

GBP > EUR: Wise is on average 6x cheaper

  • Wise: £249.94
  • Barclays: £1,460.92
  • HSBC: £594.33
  • Lloyds: £2,158.62
  • Halifax: £2,159.45

GBP > USD: Wise is on average 5x cheaper

  • Wise: £280.27
  • Barclays: £1,462.07
  • HSBC: £603.54
  • Lloyds: £2,167.26
  • Halifax: £2,164.24

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.