What is the cheapest way to send money abroad?

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The more you send, the more you save

Many banks add 3% or more in hidden fees to the exchange rate — and it quickly adds up on large transfers. Worst of all, this fee is hard to spot unless you know to look.

With Wise, the price you see is the price you pay. No hidden fees. We lower our percentage fee on large transfers too — so the more you send, the more you save.

Safeguarded at leading banks.

We keep your money with leading financial institutions like JP Morgan Chase, Deutsche Bank, and Barclays.

Dedicated support team.

We know that sending large amounts can be stressful, so you can reach a specialist for support whenever you need it.

Extra secure transactions.

We use two factor authentication to protect your account. That means only you can get to your money.

Find the cheapest international money transfer

At Wise, we never hide extra fees and charges in the exchange rate. We just use the exchange rate – independently provided by Reuters. That means fair, cheap money transfers, every time.

Compare Wise exchange rates and fees with some of the biggest money transfer and remit services, such as Barclays, MoneyGram or WorldRemit.

How to send a cheap money transfer in 3 easy steps

Choose your payment method
1

Choose your payment method

Funding your money transfer with a bank transfer is usually the cheapest way to send money abroad.

Get the cheapest rate possible.
2

Get the cheapest rate possible.

Wise always gives you the real and fair mid-market exchange rate. If the rate is not good right now, sign up for Rate alerts to receive an email notification when the rate changes.

Money is locally delivered.
3

Money is locally delivered.

The recipient gets money in their currency directly to their bank account.

We have a 4.6 out of 5 rating on Trustpilot

It's your money. You can trust us to get it where it needs to be, but don't take our word for it. Read our reviews at Trustpilot.com

This is by far the best and cheapest way to send money to my family overseas. Thank you Wise!
Yvonne Bartley
Published 3 hours ago

The whole service was correct, fast and good value for money. Continue in the future.
Zsolt
Published 3 hours ago

Excellent. Money transferred in matter of minutes. Good communication and great value.
Barbara Richardson-Todd
Published 4 hours ago
Reviews from:

The best ways to send money abroad

Choosing the right way to send money with Wise will depend on where you’re sending money from and to, and your payment method. Some payment methods are faster than others. Some can be instant, while others are cheaper.

Here are the best ways to transfer money abroad with Wise:

  • Bank Transfer

    Bank transfers are usually the cheapest option when it comes to funding your international money transfer with Wise. Bank transfers can be slower than debit or credit cards, but they usually give you the best value for your money. Read more how to use bank transfers as a payment option here.

  • Debit Card

    Paying for your transfer with a debit card is easy and fast. It’s also usually cheaper than credit card, as credit cards are more expensive to process. Read more about how to pay for your money transfer with a debit card here.

  • Credit Card

    Paying for your transfer with a credit card is easy and fast. Wise accepts Visa, Mastercard and some Maestro cards. Read more about how to pay for your money transfer with a credit card here.

  • PISP

    PISP (Payment Initiation Service Provider) payments are instructions you give Wise to make a bank transfer directly from your bank account — without having to leave our app and log in to your online banking. This option is as cheap as a manual bank transfer, but it isn’t supported by all banks yet.

  • Swift

    Using SWIFT to fund your transfer usually means that your transfer will take longer and be more expensive, as your bank will charge a fee. You should also bear in mind that other correspondent banks in between may also deduct their handling fees. Your bank should be able to advise on those fees.

Wise is easy

How to make a cheap money transfer internationally

Wise makes cheap international money transfers a breeze.

  1. Just tap in how much, and where to.
  2. Then make a local payment to Wise, whether it's with a bank transfer, swift or your debit or credit card.
  3. And that's it.

Wise converts your money at the 'inter-bank' rate – the real rate – so you save big time (even versus the guys saying there's 'zero' commission). On Wise, there's no room for sneaky bank surcharges or creeping hidden charges.

Available payment methods
  • Bank Transfer
  • Debit Card
  • Credit Card
  • PISP
  • Swift

Things to consider to find a truly cheap way to send money abroad

  • Fees

    Many businesses state low fees or even offer consumers fee-free transfers, but most of the expense of sending money abroad is hidden. The bulk of consumer costs can be concealed in poor exchange rates.

  • Exchange rates

    A quick Google search will show you an exchange rate. But if you compare it to the exchange rate offered by banks and traditional money transfer services, you’ll find their rate is often much worse.

  • Transfer time

    Traditional banks and international money remittances often take several working days. Wise is often much faster: a lot of transfers are completed within 1 business day. Many of our transfers are even instant.

  • Security and financial protection

    Wise is an Electronic Money Institution independently regulated by the Financial Conduct Authority (FCA). With Wise, you’ll know where your money is every step of the way.

Wise is safe and secure

Wise is an authorised Electronic Money Institution independently regulated by the Financial Conduct Authority (FCA) in the United Kingdom.

This means we're required by law to keep your money safe by storing it in a low-risk financial institution - in Europe this is in our UK account with Barclays, in the US this is in our US account with Wells Fargo.

We're trusted by 10 million people and counting.

Are you ready for the cheap way to transfer money abroad?

Send your money abroad with Wise, today.

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