3 ms·
I did a quick comparison with Wise (previously TransferWise) This is cheaper for GBP->EUR transactions over £800, but a lot slower (arrives "Friday" instead of
by sparsely 5y ago
I did a quick comparison with Wise (previously TransferWise)
This is cheaper for GBP->EUR transactions over £800, but a lot slower (arrives "Friday" instead of within 5 hours. In practice I've found that Wise transfers are normally nearly instant). It's quite substantially cheaper for large transfers (e.g. about £2000 for transfering near their max) and possibly faster. I can't tell if you can lock in a rate like with Wise.
- wdaareg 5y agoWe also support instant transfers into EUR - but transferring money across borders instantly requires capital buffer to be held somewhere, which is a true variable cost that the business can't cover with a fixed fee. So there's an additional 0.05% fee for instant transfers. With Wise you're effectively forced to pay that fee. With us, you just pay if you need the urgency, which people don't always need.
- TedDoesntTalk 5y agoI’ve never had a wise transfer complete in anything like 5 hours. I’ve done dozens to Russia.