What is the cheapest way to send money abroad?
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Find the cheapest international money transfer
| Sending 200,000 JPY with | Recipient gets(Total after fees) | Transfer fee | Exchange rate(1 USD → JPY) |
|---|---|---|---|
 Cheapest | 1,516.71 USDSave up to 77.81 USD | 1,577 JPY | 130.825Mid-market rate |
 | 1,504.07 USD- 12.64 USD | 1,750 JPY | 131.809 |
 | 1,489.97 USD- 26.74 USD | 3,500 JPY | 131.882 |
 | 1,470.96 USD- 45.75 USD | 6,000 JPY | 131.887 |
 | 1,438.90 USD- 77.81 USD | 499 JPY | 138.649 |
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Best ways to send money internationally
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.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.
How to send a cheap money transfer in 3 easy steps
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.
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.
Send JPY, receive USD.
The recipient gets money in their currency directly to their bank account.
Wise is easy.
How to make a cheap money transfer internationally
- Just tap in how much, and where to.
- Then make a local payment to Wise, whether it's with a bank transfer, swift or your debit or credit card.
- 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.
Things to consider to find a truly cheap way to send money internationally
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.
Protecting you and your money
Safeguarded with leading banks
We hold your money with established financial institutions, so it’s separate from our own accounts and in our normal course of business not accessible to our partners. Read more here.
Regulated by the KLFB in Japan as Type 2 Fund Transfer Business licensee
We’re regulated by authorities around the world. This includes the FCA in the UK and FinCEN in the US.
Audited regularly
We make sure your money’s secure, and that Wise is financially stable. As we’re not a bank, your money isn’t FSCS protected — instead we safeguard it.
Extra-secure transactions
We use 2-factor authentication to protect your account and transactions. That means you — and only you — can get to your money.
Data protection
We’re committed to keeping your personal data safe, and we’re transparent in how we collect, process, and store it.
Dedicated anti-fraud team
We work round the clock to keep your account and money protected from even the most sophisticated fraud.