Compare exchange rates
Get more for your money with Wise
Unlike most banks, Wise uses the real exchange rate for sending money — just like the one used by Google or Reuters. Combine that with a low, upfront fee, and you get international transfers that are cheap, fair and transparent.Get my free account
How sending money with Wise works
Enter an amount and tell us where it’s going
Tell us who you’re sending to, and what currency they need. If you’re sending a lot of money, we might need to run a few identity checks.
Pay in by card or make a local bank transfer
Pay into Wise’s bank account in the country you’re sending from. You’ll see the fees upfront, and we’ll convert your money at the mid-market rate.
Your recipient gets paid into their bank account
Next, Wise’s account in your recipient’s country pays the money straight into their account. Your money never crosses borders.
How to spot unfair money transfers
There’s only one fair exchange rate
Banks and other providers often set their own, unfriendly exchange rates. It means that you pay more than you need to, and they pocket the difference.
We do it differently. We always give you the real, mid-market exchange rate — like you’d find on Google or Reuters.
There’s no such thing as a free transfer
Lots of providers offer transfers that are ‘free’ or ‘0% commission’. Truth is, ‘free’ international money transfers don’t exist. Because every time you send money, you pay something. In lots of cases, you lose money on that unfriendly exchange rate — even if there are no fees advertised upfront.
Check the fees and the exchange rate
How much a transfer really costs is made up of two things — the fees, and the exchange rate. So make sure you check both. To see whether you’re getting a good deal, look at how much of your money arrives on the other side.
Mathu from India
I live abroad & also have my connection back to India by sending money to my family.
Frequently asked questions
We always move your money as quickly as possible, and you’ll see how long we think your transfer will take before you confirm it.
When you actually finish setting up your transfer on Wise, your estimate might change. The reason for this is simple – the more information we have about your transfer, the more accurately we can tell you how long it'll take. It all depends on four things:
- The countries you're sending from and to – Every currency and country is different. Converting your money can take a maximum of 2 working days, but it's very rare that it takes that long. How quick your transfer arrives depends partly on how quickly your recipient's bank can process your money.
- How you pay – Some payment methods are quicker than others. For instance, card payments are normally instant, while bank transfers take longer. You'll see how long each payment method takes when you set up your transfer.
- What time you pay for your transfer – We can only handle your money during normal banking hours. And things may take a little longer if the country you're sending to has a national holiday.
- Security checks – We might need to see your ID before you send money. We call this process verification, and it helps us keep you and your money safe. Verifying your ID could add extra time to your transfer. To see whether you're verified, visit your personal verification page.
You can see the full breakdown of fees for your transfer route on our pricing page.
Wise only charges you a low service fee and uses the real, mid-market exchange rate for conversion. The fee is taken from the money that you send to us. The rest is converted and sent to your recipient.More about pricing.
The important thing to remember is that there is only one real exchange rate. Sometimes this is called the mid-market rate, interbank rate, and spot rate, amongst other things.
The real exchange rate is the midpoint between the buy and sell rates on the global currency markets and it constantly fluctuates. It's the rate you find on Reuters, Google, finance.yahoo.com, etc., and it’s the rate that Wise uses.
As we use a peer-to-peer system for many of our transfers, we simply take in rate data from these sites and apply it when converting your money. With some currencies, we offer a guaranteed rate.
You can see more information on our dedicated mid-market rate page.
Your borderless account is a bit like having local accounts all over the world.
It's a multi-currency account that lets you keep money in over 50 currencies, and convert between them at the real exchange rate whenever you need.
That's cool to start with, but on top of that you also get your own personal account numbers and bank codes for a number of currencies. For instance, you get a UK sort code and account number, which anyone in the UK can use to send you pounds. You'll get paid as if you live there, with zero fees.
Oh, and it's completely free to set up.More about borderless
In a word: yes!
With Wise, you get the real exchange rate (the one you see on Reuters, Google and Yahoo), and you pay a small fee. The service is fair, transparent, and costs far less than high street banks and other currency exchange services.
But I don't usually pay a transaction fee!
Unfortunately, this is what many have been led to believe.
But there's no such thing as a free transfer. Your nasty surprise is hiding away in an unfair exchange rate. Whether you've been told it or not, on average you're losing around 5% in fees.
The good news is, we built Wise specifically to free people from those fees.
Finally, transparency and fairness in finance. It's about time!