Money Transfer Services

Save cash when moving or exchanging currency

Getting your finances in order is vital when beginning your expat life. Cut costs on money moving fees by using a dedicated money transfer provider instead of a traditional bank. With significantly reduced rates, you can easily cover moving expenses in your home country as well as your new home.

Useful for smaller amounts and one-off transfers

  • Uses the real, mid-market rate for conversion without markup, and charges a flat 0.5% service fee (for most currencies)
  • They may charge additional fees when making card payments for some credit cards (e.g. an additional 1.7% fee for using business credit cards*). These charges would be disclosed upfront.
  • Also available as Android and iOS apps
  • Available in 59 countries and 9 languages

Banks and other providers often add a markup to their exchange rate while advertising low fees, which means you could be paying huge hidden charges.

TransferWise displays its fees upfront and deducts it before conversion. TransferWise then uses the mid-market rate, independently provided by Reuters, without markup.

Useful for smaller amounts and one-off transfers

  • Charges 0.15% of the total amount exchanged plus €3 transfer fee (or equivalent)
  • The exchange rates are set by the users, so they can vary from 0.0% to 0.6% (the average being 0.35%*)
  • Also available as a mobile app
  • Available for 18 currencies. English interface only.

CurrencyFair is a marketplace: the exchange rates are set by its users.

CurrencyFair charges 0.15% of the total amount exchanged when customers match each other. In the event that there are no customers providing a competitive rate for your exchange, CurrencyFair will step in and match with you. This results in a charge of 0.4% to 0.6% of the amount exchanged.

* Information valid as of November 4th, 2016