Before transferring money internationally, it's smart to compare the offerings of different currency companies.

Wise
Amount Received
£ 200.00
EURn/a
USD254.43
CADn/a
AUDn/a
£ 7.29 Avg. Saving vs. Banks ?
Go to site
PayPal
Amount Received
£ 200.00
EURn/a
USDn/a
CADn/a
AUDn/a
£ 0.00 Avg. Saving vs. Banks ?
Go to site
?
Est. 2010
?
Est. 1998
Wise
Fee: ? 0.5% to 1.5%
Bank Partner: ?
Speed: ? 1-5 days
Local Settlement: ? Europe
Transfer Methods ?
Phone and online transfer services
Regulated By: ?
FCA, FinCEN
General Notes Get your free multi-currency account, to pay and get paid around the world with the real exchange rate. Say bye bye to crazy bank fees for good.
Country Notes When you pay by debit or credit card, most banks charge an additional fee. These processing fees vary depending on the kind of card you use and where it was issued.
PayPal
Fee: ? Sending or receiving money between friends and family within the UK (in GBP): Free when funded by the sender’s PayPal balance, bank account or debit card. If you use a credit card to send money, a fee of 3.4% + 20p applies.
Bank Partner: ?
Speed: ? 1-3 days
Local Settlement: ? Global
Transfer Methods ?
Phone and online transfer services
Regulated By: ?
FCA, FinCEN
General Notes It’s free to use PayPal to buy something unless it involves a currency conversion.
Country Notes Sending or receiving money between friends and family within the UK (in foreign currencies): Currency conversion fees apply. If you are using a credit or debit card, a fee of 3.4% + 20p will also apply.

The pros and cons of using Wise

pros

Make transferring on the go simple, with their new Wise bot available through Facebook Messenger

Offers the ability to carry out batch payments to up to 1000 recipients – useful for regular payments to self-employed contractors or freelancers.

The main website is available in: English, French, German, Italian, Japanese, Hungarian, Polish, Portuguese, Russian and Spanish.

cons

Difficult to compare easily to other providers due to the fees, but does make them transparent and details them all at the start, so there are no surprises

Cannot accept out bound payments from Hong Kong

Customers have voiced concerns about the specific point at which Wise verify your identity as this may not be your first transfer. This could impact your transfer timescales, so best to confirm directly with them if you do have an urgent, large transfer due.

The pros and cons of using PayPal

pros

Varying tariff plans available.

Extensive integration.

Developer Tools.

Universal payment system.

cons

Problems with account reliability.

Poor customer support.

Not intended for high-risk business.

The relatively high cost of services.

cons

Difficult to compare easily to other providers due to the fees, but does make them transparent and details them all at the start, so there are no surprises

Cannot accept out bound payments from Hong Kong

Customers have voiced concerns about the specific point at which Wise verify your identity as this may not be your first transfer. This could impact your transfer timescales, so best to confirm directly with them if you do have an urgent, large transfer due.

cons

Problems with account reliability.

Poor customer support.

Not intended for high-risk business.

The relatively high cost of services.

Wise
Amount Received
£ 200.00
EURn/a
USD254.43
CADn/a
AUDn/a
£ 7.29 Avg. Saving vs. Banks ?
Go to site
PayPal
Amount Received
£ 200.00
EURn/a
USDn/a
CADn/a
AUDn/a
£ 0.00 Avg. Saving vs. Banks ?
Go to site

Compare Other Currency Rates

Advanced: compare to quote from your bank ?

Other International Money Transfer Quotes

OFX (US)

Est. 1998

OFX provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates.

More InfoLess Info
Amount Received
GBP £156.27
USD $33.24
saved vs. banks

Average US Bank

Est. 1900

Average of the top US Banks costs as compiled by our own FXC Intelligence group

More InfoLess Info
Amount Received
GBP £152.37
USD $28.30
saved vs. banks

Other Company Comparisons

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FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.