France Price Comparison Research

An independent research team compared Wise to three French bank accounts as well as PayPal, Revolut, Western Union and Xoom by PayPal. They found that we’re on average 4x cheaper for spending abroad. Wise is also on average 5x cheaper to send 250€ abroad. Our fees to withdraw 250€ from an ATM abroad are on average 4x cheaper.

This is based on the prices offered by Wise Europe S.A during the research period. 

Research methodology

The competitor research was collected in January 2023 during a 5 day period (16/01/2023 - 20/01/2023).

The team looked at data across multiple countries, 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, CHF, GBP, MAD and USD using 250€ as the transaction value:

• The cost to send money abroad from an account

• The cost to spend money abroad using a debit card

• The cost to withdraw money abroad from an account via an ATM

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. The costs collected for spending money abroad and withdrawing money abroad from an account via ATM are only made up of foreign transaction fees. 

The research and results

1. Total cost to send 250€. Overall, Wise is 5x cheaper.

EUR > AUD: Wise is 5x cheaper

• Wise: 1.63€

• Banque Postale: Not offered

• BNP Paribas: 17.82€

• PayPal: 17.32€

• Revolut: 0.75€

• Société Générale: 12.50€

• Western Union: 2.86€

• Xoom by PayPal: 6.83€

EUR > CHF: Wise is 5x cheaper

• Wise: 1.80€

• Banque Postale: 19.92€

• BNP Paribas: 2.48€

• PayPal: 16.48€

• Revolut: 0.89€

• Société Générale: 12.53€

• Western Union: 2.56€

• Xoom by PayPal: 8.74€

EUR > GBP: Wise is 5x cheaper

• Wise: 1.65€

• Banque Postale: 20.06€

• BNP Paribas: 2.48€

• PayPal: 16.13€

• Revolut: 0.76€

• Société Générale: 12.49€

• Western Union: 2.95€

• Xoom by PayPal: 6.87€

EUR > MAD: Wise is 1x cheaper

• Wise: 5.99€

• Banque Postale: 20.72€

• BNP Paribas: 2.93€

• PayPal: Not offered

• Revolut: Not offered

• Société Générale: 15.57€

• Western Union: 4.84€

• Xoom by PayPal: 9.87€

EUR > USD: Wise is 6x cheaper

• Wise: 1.71€

• Banque Postale: 20.23€

• BNP Paribas: 17.66€

• PayPal: 16.21€

• Revolut: 0.74€

• Société Générale: 12.52€

• Western Union: 2.70€

• Xoom by PayPal: 6.78€

2. Total cost to spend 250€. Overall, Wise is 4x cheaper.

EUR > AUD: Wise is 4x cheaper

• Wise: 1.18€

• Banque Postale: 5.75€

• BNP Paribas: 8.15€

• PayPal: Not offered

• Revolut: 0.00€

• Société Générale: 7.75€

• Western Union: Not offered

• Xoom by PayPal: Not offered

EUR > CHF: Wise is 4x cheaper

• Wise: 1.18€

• Banque Postale: 5.75€

• BNP Paribas: 8.15€

• PayPal: Not offered

• Revolut: 0.00€

• Société Générale: 7.75€

• Western Union: Not offered

• Xoom by PayPal: Not offered

EUR > GBP: Wise is 4x cheaper

• Wise: 1.18€

• Banque Postale: 5.75€

• BNP Paribas: 8.15€

• PayPal: Not offered

• Revolut: 0.00€

• Société Générale: 7.75€

• Western Union: Not offered

• Xoom by PayPal: Not offered

EUR > MAD: Wise is 1x cheaper

• Wise: 3.35€

• Banque Postale: 5.75€

• BNP Paribas: 8.15€

• PayPal: Not offered

• Revolut: 0.00€

• Société Générale: 7.75€

• Western Union: Not offered

• Xoom by PayPal: Not offered

EUR > USD: Wise is 4x cheaper

• Wise: 1.25€

• Banque Postale: 5.75€

• BNP Paribas: 8.15€

• PayPal: Not offered

• Revolut: 0.00€

• Société Générale: 7.75€

• Western Union: Not offered

• Xoom by PayPal: Not offered

3. Total cost to withdraw 250€. Overall, Wise is 4x cheaper.

EUR > AUD: Wise is 4x cheaper

• Wise: 1.57€

• Banque Postale: 9.05€

• BNP Paribas: 10.25€

• PayPal: Not offered

• Revolut: 1.00€

• Société Générale: 9.75€

• Western Union: Not offered

• Xoom by PayPal: Not offered

EUR > CHF: Wise is 4x cheaper

• Wise: 1.57€

• Banque Postale: 9.05€

• BNP Paribas: 10.25€

• PayPal: Not offered

• Revolut: 1.00€

• Société Générale: 9.75€

• Western Union: Not offered

• Xoom by PayPal: Not offered

EUR > GBP: Wise is 4x cheaper

• Wise: 1.57€

• Banque Postale: 9.05€

• BNP Paribas: 10.25€

• PayPal: Not offered

• Revolut: 1.00€

• Société Générale: 9.75€

• Western Union: Not offered

• Xoom by PayPal: Not offered

EUR > MAD: Wise is 2x cheaper

• Wise: 3.75€

• Banque Postale: 9.05€

• BNP Paribas: 10.25€

• PayPal: Not offered

• Revolut: 1.00€

• Société Générale: 9.75€

• Western Union: Not offered

• Xoom by PayPal: Not offered

EUR > USD: Wise is 4x cheaper

• Wise: 1.65€

• Banque Postale: 9.05€

• BNP Paribas: 10.25€

• PayPal: Not offered

• Revolut: 1.00€

• Société Générale: 9.75€

• Western Union: Not offered

• Xoom by PayPal: Not offered

Monthly account fees*

• Wise: 0.00€

• Banque Postale: 1.40€

• BNP Paribas: 2.50€

• PayPal: 0.00€

• Revolut: 0.00€

• Société Générale: 2.00€

• Western Union: 0.00€

• Xoom by PayPal: 0.00€

*Assuming that waiver criteria has not been met.