Quick picks
The best choice for each typical need.
Full comparison
The exchange-rate markup is the hidden fee: the difference between the real (mid-market) rate and the rate you get.
| Service | Transfer fee | FX markup | Speed | Best for |
|---|
💡 Compare the amount that arrives
A transfer with "no fee" can still be expensive if the exchange rate is poor. Always compare how much the recipient will actually receive.
How to choose
1. Look at what arrives
The final amount received is the only fair comparison.
2. Bank or cash pickup?
Remitly, WorldRemit and Western Union can deliver cash in many countries.
3. Speed costs extra
Instant transfers often have a higher fee or worse rate.
4. Avoid bank transfers
Traditional banks usually have the highest fees and markups.
FAQ
What is the cheapest way to send money abroad?
Wise uses the real mid-market exchange rate with a small fee, so it is often among the cheapest. Remitly can be competitive on popular remittance routes.
Is PayPal good for international transfers?
PayPal is convenient but its currency conversion markup is high – often 3–4%.
Why are banks so expensive?
Banks typically charge a fixed fee of £6–£35 plus a 2–4% exchange-rate markup.
How fast are international transfers?
Many services deliver within minutes to 2 business days, depending on the route.