this post was submitted on 19 Oct 2023
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I've used Wise (formerly TransferWise) for international transfers a couple of times. They use "mid market" exchange rates so tend to be on the cheaper side as far as total loss of value on a transfer (fees + exchange rate losses).
Admittedly it's been a couple of years since I last looked around at these services though!
I'll take a look at their rates. Thanks.
Yeah, my brother uses Wise for all transfers in/out of the US. It's a fairly popular option for larger amounts
I feel like no matter what you do someone is going to rob you blind when using foreign ATMs and foreign currency transfers.
Honestly I was pretty content with the fees involved when I used it for Euros a couple years back. Afaik the fees aren't trivial but at least they're not steep (unlike e.g., using PayPal to do the same thing) - I didn't really feel robbed but it'll depend on what your expectations are!