TransferWise

Sign up cost: Free
Available: Online/app
Number of currencies: 40+
Number of countries: 50+
Minimum transfer: No minimum
Transfer fee: Usually around 0.5%
Exchange rate margin: No mark-up – Mid-market rates pegged on US exchange rates
Transfer speed: Can take three to five days to reach the recipient account

Best for: International travelers and digital nomads

TransferWise is more than just a money transfer service – it also offers what is described as borderless banking, allowing users to seamlessly receive money and transfer it between ‘wallets’ – separate pockets of different currencies.

TransferWise also offers a Mastercard debit card so you can make purchases and withdrawals throughout the world in the local currency.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.