The money transfer service gets transparent with fees - and explains why banks don't do the same. On average, TransferWise saves you 80% on exchange rate.
| less than a minute read
How is TransferWise so much cheaper than the banks?
Banks have a lot of costs that we just don't have. They have to charge high fees or inflate the exchange rate to cover those costs, while we can be open about our low fees – and our fair exchange rate.
