2 ms·
Yes it is actually cheaper. I started using them in 2012 after my first normal EUR-GBP bank transfer cost ~3% in fees (compared to market rate) and Transferwise
by croemer 3y ago
Yes it is actually cheaper. I started using them in 2012 after my first normal EUR-GBP bank transfer cost ~3% in fees (compared to market rate) and Transferwise was just 0.5%. Never disappointed. Their debit card which keeps multiple currencies with at most 0.5% for exchange is great too - preferentially uses currency you're paying with, only exchanging if it must. Overall a great product, don't have anything to complain and have been a happy user for more than 11 years. They've saved me at least a thousand bucks, probably more.