Top 7 Wise Alternatives

1

Wise

Wise’s Multi Currency Account (review) and associated Wise card (review) (which works great as a travel money card) are especially useful to expats who need banking features in a new country to pay rent, buy groceries, or receive money like a local (Wise offers international bank details in 10 currencies).

#Online Payments #Money Transfer #International Money Transfers 24 social mentions

2

Remitly

In terms of fees and exchange rate, Remitly is comparable to Wise (although we have found Wise to be slightly cheaper generally). However, Wise has a more transparent fee structure where you will see exactly the amount the receiver will get before you hit “send”.

#Money Transfer #Currency Exchange #International Money Transfers

3

Worldremit

WorldRemit beats Wise in terms of the number of countries it supports, speed of transaction, and payout methods. Although WorldRemit’s rates are better than going through the bank, Wise still comes out on top as the cheaper option.

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4

CurrencyFair

Another cost you should be aware of is the receiving bank charges in countries where CurrencyFair doesn’t have a local bank account (they don’t have local bank accounts in Canada and New Zealand yet, so receiving CAD and NZD can be relatively expensive for smaller amounts as the receiving banks charge a fee usually $15 – $30).

#Online Payments #Money Transfer #International Money Transfers 7 social mentions

5

OFX

While “helpful phone support” may not sound like a big deal it is! All services like OFX, Wise and the banks you use have limitations once you start sending above about $7,000. This means each bank has its own limitations and rules on the amounts it will transfer (usually within certain timeframes). Transferring large amounts (over $7000) can mean that issues can occur during a transfer, which without great phone support can become a much bigger problem. With helpful phone support, these issues can be resolved very easily.

#Finance #Online Payments #Payment Platform

6

Currencies Direct

They also support a decent number of currencies (40+), but this is still not as many as Wise. And unfortunately, TorFX is not available in the US and Canada (their sister brand, Currencies Direct, handles that region). TorFX focuses on customers in the Australasia and European regions.

#Online Payments #Payment Platform #Business & Commerce

They also support a decent number of currencies (40+), but this is still not as many as Wise. And unfortunately, TorFX is not available in the US and Canada (their sister brand, Currencies Direct, handles that region). TorFX focuses on customers in the Australasia and European regions.

8

XE.com

Like Wise, XE is very focused on online transactions. So this is best for those who want to perform quick online transfers without personal support from a representative.

#Online Payments #Payment Platform #Business & Commerce 143 social mentions