Money transfer comparison | Compare best exchange rates - Wise (2024)

1 USD = 0.917000 EURMid-market exchange rate

less than a minute ago

Money transfer comparison | Compare best exchange rates - Wise (1)USD

ProviderExchange rate(1 USD → EUR)Transfer feeRecipient getsSending 1,000 USD

Powered byMoney transfer comparison | Compare best exchange rates - Wise (3)

0.917000Mid-market rate [?]4.28 USDTransparent fee [?]913.08 EUR

Powered byMoney transfer comparison | Compare best exchange rates - Wise (5)

0.917000Mid-market rate [?]5.27 USDTransparent fee [?]912.17 EUR-0.91 EUR
Money transfer comparison | Compare best exchange rates - Wise (6)0.917000Mid-market rate [?]7.06 USDTransparent fee [?]910.53 EUR-2.55 EUR
0.9098000.00 USD909.80 EUR-3.28 EUR
0.9084450.00 USD908.44 EUR-4.64 EUR
0.9045030.00 USD904.50 EUR-8.58 EUR
0.9023000.99 USD901.41 EUR-11.67 EUR
0.9008400.00 USD900.84 EUR-12.24 EUR
0.8987300.00 USD898.73 EUR-14.35 EUR
0.8974551.99 USD895.67 EUR-17.41 EUR
0.8888010.00 USD888.80 EUR-24.28 EUR
0.8798884.99 USD875.50 EUR-37.58 EUR
We’re always honest with our customers. And honestly, we’re not the cheapest this time. But we don’t have comparison data for transparency or speed at the moment. So while there are cheaper options, they might not be the fairest or the fastest.

The above information applies when you pay in via bank transfer.

Money transfer comparison | Compare best exchange rates - Wise (16)

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. 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

1

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.

2

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.

3

Next, Wise’s account in your recipient’s country pays the money straight into their account. Your money never crosses borders.

Money transfer comparison | Compare best exchange rates - Wise (17)

How to spot unfair money transfers

  • Exchange rate
  • Free transfers
  • Total cost

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.

Money transfer comparison | Compare best exchange rates - Wise (18)

Why you can trust us

Over 16 million happy customers trust Wise to move over $10 billion dollars of their money, every month. And they’ve given us 155,400+ five-star reviews on TrustPilot.

Wise uses smart technology, from the people who built Skype. It means your money never crosses currency zones. And because that’s cheaper to do, we pass the savings on to you.

Unlike banks, we don't loan your money out to other people and businesses. We safeguard it instead. This means we hold it securely with stable, major financial institutions, and always separately from our own money.

Money transfer comparison | Compare best exchange rates - Wise (19)

Mathu from India

I live abroad & also have my connection back to India by sending money to my family.

Mathu's story

Frequently asked questions

Get started now

Money transfer comparison | Compare best exchange rates - Wise (2024)

FAQs

Which money transfer gives the best rates? ›

Wise* is the first provider we'd try as it's always had consistently top rates when we've checked, plus good feedback from those who use it. It does charge fees, but we've found the total amount of currency you get for your money is still competitive.

Does Wise have better exchange rates? ›

Wise always gives you the real exchange rate, just like the one you'll see on Google. So when you make an international money transfer, you'll know exactly what you're getting. No nasty surprises — just the best US dollar rate, with a fair, transparent fee upfront.

How to get the best exchange rate when transferring money? ›

In conclusion, getting the best exchange rate on international money transfers requires some research and planning. By comparing rates, looking for low fees, choosing the right time to transfer, using a forward contract, and using a specialist provider, you can save money and get a better deal.

Is Wise cheaper than bank transfer? ›

Between the transfer fee the bank shows upfront, extra intermediary costs and an exchange rate markup, the overall costs can ramp up pretty quickly. Wise transfers work differently, which can mean you get lower overall fees and a faster delivery time.

What is the cheapest way to send money on Wise? ›

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.

Which international money transfer is best? ›

8 Best International Money Transfer Apps in 2024
  • Wise.
  • Revolut.
  • OFX.
  • Western Union.
  • Xoom (a PayPal Service)
  • Remitly.
  • Xe Money Transfer.
  • WorldRemit.
Jan 26, 2024

Is Wise a good way to transfer money internationally? ›

Here are some key points about sending a Wise international payment: All Wise currency conversion uses the mid-market exchange rate with no extra fee added. Wise has low transfer fees which are split out for transparency and which start from just 0.43% Wise payments are fast – 50% are instant and 90% arrive in a day.

Does Wise use real exchange rate? ›

Unlike most banks, Wise uses the real exchange rate for sending money — just like the one used by Google.

Who gives the best currency exchange rate? ›

It's always worth shopping around for a range of quotes, but an international money transfer specialist is generally the best place to exchange currency because it deals in huge volumes of money every day, meaning it has the economies of scale to offer the most competitive FX rates.

How do I get the best exchange rate for money? ›

Local banks and credit unions usually offer the best rates. Major banks, such as Chase or Bank of America, often offer the added benefit of having ATMs overseas. Online peer-to-peer foreign currency exchanges. Online bureaus or currency converters, such as Travelex, provide convenient foreign exchange services.

How trustworthy is Wise? ›

Wise is a safe provider to send international money transfers with. As well as being FinCEN registered in the US, Wise has a range of security measures in place to protect customer funds and ensure payments are safe.

Does Wise charge a fee? ›

It's free to create a Wise account, and there are never any monthly fees or minimum balances to worry about. For businesses, it costs a small one-time setup fee of 3,000 JPY to get your own international bank details, which you can use to receive money for free.

What is the disadvantage of TransferWise? ›

Limited availability of card services: Users in certain countries have voiced complaints about the lack of availability of card services on TransferWise. This limitation restricts their ability to make payments using cards on the platform, causing inconvenience for those affected.

Why is Wise so expensive? ›

Comparing the transfer fees of global payment services can get complex. It really comes down to what you want to do with your account, types of transactions, how you transfer funds, and the volume of payments. Wise makes its profit through added fees since customers are always given the exact, mid-market rate.

Is the Wise exchange rate better? ›

Wise always gives you the real exchange rate, just like the one you'll see on Google. So when you make an international money transfer, you'll know exactly what you're getting. No nasty surprises — just the best Malaysian ringgit rate, with a fair, transparent fee upfront.

Which money transfer method is cheapest? ›

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

Which money transfer has lowest fees? ›

Lowest fee money transfer options and the pros and cons of each
  • Venmo. Venmo doesn't charge fees to send or receive personal funds via a Venmo balance, connected bank account, or debit card, but they do charge 3% to send money via credit card. ...
  • Cash app. ...
  • Zelle. ...
  • Bank transfers or wire transfers. ...
  • Cenoa Super Wallet.
Aug 17, 2023

Which type of money transfer is best? ›

The faster form of payment depends on the urgency and the amount of your transaction. If you have a transaction above Rs. 2 lakh, RTGS is a faster and more effective mode of payment. However, for any payments which are of lower amounts, NEFT is a more efficient mode of payment.

What money has the best exchange rate? ›

The highest currency in the world is none other than Kuwaiti Dinar or KWD. Initially, one Kuwaiti dinar was worth one pound sterling when the Kuwaiti dinar was introduced in 1960. The currency code for Kuwaiti Dinar is KWD.

Top Articles
Latest Posts
Recommended Articles
Article information

Author: Reed Wilderman

Last Updated:

Views: 5289

Rating: 4.1 / 5 (72 voted)

Reviews: 95% of readers found this page helpful

Author information

Name: Reed Wilderman

Birthday: 1992-06-14

Address: 998 Estell Village, Lake Oscarberg, SD 48713-6877

Phone: +21813267449721

Job: Technology Engineer

Hobby: Swimming, Do it yourself, Beekeeping, Lapidary, Cosplaying, Hiking, Graffiti

Introduction: My name is Reed Wilderman, I am a faithful, bright, lucky, adventurous, lively, rich, vast person who loves writing and wants to share my knowledge and understanding with you.