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What is the cheapest way to send money abroad?

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You send exactly

0 GBP
3.88 GBPOur fee
–
3.88 GBPTotal fees
=
996.12 GBPTotal amount we’ll convert
×
1.2008

Recipient gets

Should arrive in 3 hours

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Find the cheapest international money transfer

The cost of your transfer comes from the fee and the exchange rate. Many high street banks offer “no fee”, while hiding a markup in the exchange rate, making you pay more.

At Wise, we’ll never do that. We only use the mid-market exchange rate, and show our fees upfront. This table compares the fees you’d really pay when sending money with the most popular banks and providers, or with us.

How do we select providers and collect this data?

Sending 1,000 GBP with	Recipient gets(Total after fees)
	1,196.20 EUR
Transfer fee 3.88 GBP Exchange rate(1 GBP EUR) 1.20086 Exchange rate markup 0 GBP Cost of transfer 3.81 GBP

	1,173.11 EUR- 23.09 EUR
Transfer fee 0 GBP Exchange rate(1 GBP EUR) 1.17311 Exchange rate markup 23.05 GBP Cost of transfer 23.05 GBP

	1,158.08 EUR- 38.12 EUR
Transfer fee 0 GBP Exchange rate(1 GBP EUR) 1.15808 Exchange rate markup 35.56 GBP Cost of transfer 35.56 GBP

	1,158.03 EUR- 38.17 EUR
Transfer fee 0 GBP Exchange rate(1 GBP EUR) 1.15803 Exchange rate markup 35.60 GBP Cost of transfer 35.60 GBP

	1,143.45 EUR- 52.75 EUR
Transfer fee 2.99 GBP Exchange rate(1 GBP EUR) 1.14688 Exchange rate markup 44.89 GBP Cost of transfer 47.88 GBP

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See why customers choose Wise for their international money transfers

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.

No nonsens. Wise act as they promise.

FranCISCUS Rother

Fast and easy to send money, excellent exchanging rates.

Katalin Ezenwa

Wise is an amazing app! It's userfriendly, it works great for travellers, it's safe and secure. I'd recommend it to anyone!

Jordan R G Boyer

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Best ways to send money internationally

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.
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.
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.
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.
Apple Pay
If you’ve enabled Apple Pay on your phone, you can use it to pay for a transfer with Wise. Paying with Apple Pay is a convenient and quick way to send money abroad. If you’re using a credit card, watch out for extra charges. Some banks consider these payments as cash withdrawal, and they may charge you extra fees.
Google Pay
If you’ve enabled Google Pay on your phone, you can use it to pay for a transfer with Wise. Paying with Google Pay is a convenient and quick way to send money abroad. If you’re using a credit card, watch out for extra charges. Some banks consider these payments as cash withdrawal, and they may charge you extra fees.

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 GBP, receive EUR.

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

Create free account now

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.

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.

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.

Online scams are on the rise. Learn how to stay safe.

Sending money is cheap with the Wise app

Looking for an app to send money with low fees? Sending money is easy with Wise app.

Cheaper transfers abroad - free from hidden fees and exchange rate markups.
Check exchange rates - see on the app how exchange rates have changed over time.
Repeat your previous transfers - save the details, and make your monthly payments easier.

Learn more about the Wise app