Cheapest way to receive money from abroad

Find the cheapest international money transfer

At Wise, we never hide extra fees and charges in the exchange rate. We just use the exchange rate – independently provided by Reuters. That means fair, cheap money transfers, every time.

Compare Wise exchange rates and fees with some of the biggest money transfer and remit services, such as Barclays, MoneyGram or WorldRemit.

Start saving now

How to send a cheap money transfer in 3 easy steps

1

Choose your payment method

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

2

Get the cheapest rate possible.

Wise always gives you the real and fair mid-market exchange rate. If the rate is not good right now, sign up for Rate alerts to receive an email notification when the rate changes.

3

Money is locally delivered.

The recipient gets money in their currency directly to their bank account.

We have a 4.5 out of 5 rating on Trustpilot

It's your money. You can trust us to get it where it needs to be, but don't take our word for it. Read our reviews at Trustpilot.com

The best! Fast and reliable. I used this application to transfer my money from one country to another.

Last time taking 8 second to get my money in account overseas. Fabulous!!

Good exchange rate and my money was is the recipient bank in less than a minute. Great service!

The best ways to send money internationally

Choosing the right way to send money with Wise will depend on where you’re sending money from and to, and your payment method. Some payment methods are faster than others. Some can be instant, while others are cheaper.

Here are the best ways to transfer money internationally with Wise:

• Direct Debit

  Direct Debit is a convenient option that lets us take money from your account once you have authorised the payment on our site. It takes a little more time for your money to reach Wise, and it can be more expensive than a bank transfer.

• Bank Transfer

  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. Read more how to use bank transfers as a payment option here.

• Debit Card

  Paying for your transfer with a debit card is easy and fast. It’s also usually cheaper than credit card, as credit cards are more expensive to process. Read more about how to pay for your money transfer with a debit card here.

• Credit Card

  Paying for your transfer with a credit card is easy and fast. Wise accepts Visa, Mastercard and some Maestro cards. Read more about how to pay for your money transfer with a credit card here.

Wise is easy

How to make a cheap money transfer internationally

Wise makes cheap international money transfers a breeze.

1. Just tap in how much, and where to.
2. Then make a local payment to Wise, whether it's with a wire transfer, ACH or your debit or credit card.
3. And that's it.

Wise converts your money at the 'inter-bank' rate – the real rate – so you save big time (even versus the guys saying there's 'zero' commission). On Wise, there's no room for sneaky bank surcharges or creeping hidden charges.

Available payment methods

• Direct Debit
• Bank Transfer
• Debit Card
• Credit Card

Things to consider to find a truly cheap way to send money internationally

• Fees

  Many businesses state low fees or even offer consumers fee-free transfers, but most of the expense of sending money abroad is hidden. The bulk of consumer costs can be concealed in poor exchange rates.

• Exchange rates

  A quick Google search will show you an exchange rate. But if you compare it to the exchange rate offered by banks and traditional money transfer services, you’ll find their rate is often much worse.

• Transfer time

  Traditional banks and international money remittances often take several working days. Wise is often much faster: a lot of transfers are completed within 1 business day. Many of our transfers are even instant.

• Security and financial protection

  Wise is an Electronic Money Institution independently regulated by the Financial Conduct Authority (FCA). With Wise, you’ll know where your money is every step of the way.

Wise is safe and secure

Wise is an authorised Electronic Money Institution independently regulated by the Financial Crimes Enforcement Network (FinCEN) in the USA.

This means we're required by law to keep your money safe by storing it in a low-risk financial institution - in Europe this is in our UK account with Barclays, in the US this is in our US account with Wells Fargo.

We're trusted by 13 million people and counting.

Are you ready for the cheap way to transfer money abroad?

Send your money abroad with Wise, today.

Start now

FAQs

Yes. Wise is an authorised Electronic Money Institution independently regulated by the Financial Conduct Authority (FCA) in the United Kingdom. Learn more

Which is the best way to receive money from abroad?

How can someone from another country send me money?

What is the cheapest way to send and receive money?

How do I receive money from overseas in South Africa?