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

1 GBP = 1.16887 EURMid-market exchange rate

less than a minute ago

GBP

ProviderExchange rate(1 GBP → EUR)Transfer feeRecipient getsSending 1,000 GBP
1.166770.00 GBP1,166.77 EUR
Money transfer comparison | Compare best exchange rates - Wise (2)1.16887Mid-market rate [?]4.49 GBPTransparent fee [?]1,163.62 EUR-3.15 EUR

Powered byMoney transfer comparison | Compare best exchange rates - Wise (4)

1.16887Mid-market rate [?]4.49 GBPTransparent fee [?]1,163.62 EUR-3.15 EUR
1.160350.00 GBP1,160.35 EUR-6.42 EUR

Powered byMoney transfer comparison | Compare best exchange rates - Wise (7)

1.16887Mid-market rate [?]7.47 GBPTransparent fee [?]1,160.14 EUR-6.63 EUR
1.158360.00 GBP1,158.36 EUR-8.41 EUR
1.158250.00 GBP1,158.25 EUR-8.52 EUR
1.16856Mid-market rate [?]9.50 GBP1,157.46 EUR-9.31 EUR
1.155900.00 GBP1,155.90 EUR-10.87 EUR
1.152821.99 GBP1,150.53 EUR-16.24 EUR
1.147220.00 GBP1,147.22 EUR-19.55 EUR
1.16865Mid-market rate [?]20.00 GBP1,145.28 EUR-21.49 EUR
1.148092.99 GBP1,144.66 EUR-22.11 EUR
1.136810.00 GBP1,136.81 EUR-29.96 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 (17)

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.

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 (18)

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 (19)

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 (20)

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

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

FAQs

Which money transfer has the best exchange rate? ›

Use a specialist provider

There are many specialist providers that offer better exchange rates and lower fees than traditional banks. Specialist providers include companies such as Veem, XE, and OFX. These providers typically have lower overhead costs and can pass on the savings to their customers.

Is Wise cheaper than bank transfer? ›

Wise international payments can usually be arranged for a lower fee compared to regular banks, and may arrive much faster too. If you'd rather make your payment in person in a branch then your bank might be right for you – otherwise, you may be able to save with Wise.

Does Wise have better exchange rates? ›

In a word: yes! With Wise, you get the real exchange rate (the one you see on Google and Yahoo), and you pay a small fee. The service is fair, transparent, and costs far less than high street banks and other currency exchange services. But I don't usually pay a transaction fee!

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

If you need to transfer money to friends, family or businesses overseas (or even to your own overseas account), don't just do it blindly via your bank. Instead, find an online specialist currency transfer firm – these almost always have better rates, making your transfer much cheaper.

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

What is the least expensive way to transfer money internationally? ›

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.

Why use Wise instead of bank transfer? ›

Wise always uses the mid-market exchange rate (that's the one you'll find on Google), with low, transparent fees for international transfers. That means you can enjoy the speed and security of sending an international wire, but costs that can be significantly lower than regular bank SWIFT charges.

What is the disadvantage of TransferWise? ›

But its services might come at a considerable cost, as it charges higher transfer fees than some of its competitors. Two other drawbacks: There are no options for delivery of cash to a home or business, and there are fewer than 100 countries where money can be sent.

Is Wise or Western Union better? ›

Wise and Western Union are both great options for sending payments overseas. Western Union offers a broader range of pay in and pay out options compared to Wise – but Wise has multi-currency accounts and cards, which aren't available from Western Union.

What is better than Wise? ›

Overview: Which Wise Alternative To Choose? Instarem: Best In Fast and Cost-Effective Transfers. OFX: Best In Personalised Support. Revolut: Best In Affordable Money Transfers.

Is there anything better than Transferwise? ›

Remitly. Remitly is an international payments company that leverages digital channels, including mobile phones, to send money internationally. Remitly's digital products are fundamentally faster, less expensive, and far more convenient for customers to send money across borders.

Is Wise or Travelex better? ›

Both cards are intended for foreign currency spending when you travel or shop online. Wise cards support 40+ currencies, while Travelex has 10. Travelex lists few fees, but uses an exchange rate markup, while Wise uses the mid-market exchange rate and splits out the costs of currency conversion.

Is Wise safe for large amounts? ›

Your money is safeguarded

We're licensed to hold your money and follow strict rules to keep it safe. As we're not a bank, your money isn't FSCS protected – we safeguard it instead. That means we hold it with established institutions, separate from our own accounts.

Is Revolut or Wise better? ›

Revolut Card

These include travel insurance, airport lounge access, accommodation cashback, and more. So when it comes to comparing the Wise card vs Revolut card, the first offers more savings to use abroad, while the latter gives more convenience and extra benefits tailored to travel needs.

What is the best day of the week to transfer money? ›

Typically, the least busy times of the week are Mondays, mid-week and the weekend (excluding Friday). These days have the lowest number of transfers in the week, so you might expect to see less fluctuation in the mid-market rate.

Who has the highest exchange rate for USD? ›

Kuwaiti Dinar (KWD)

The Kuwaiti dinar is the strongest currency in the world, with 1 dinar buying 3.26 dollars (or, put another way, $1 equals 0.31 Kuwaiti dinar). Kuwait is located on the Persian Gulf between Saudi Arabia and Iraq, and the country earns much of its wealth as a leading global exporter of oil.

Which app has the best exchange rate for USD? ›

9 Best Currency Exchange Apps For Your Business In 2024
  • Xe Currency Converter – Best App Overall. ...
  • Currency Converter Plus – Exceptional User Experience. ...
  • Easy Currency Converter – Convenient App For Quick Conversions. ...
  • Currency Foreign Exchange Rate – Currency Converter App For Investors. ...
  • All Currency Converter.

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