CurrencyFair VS Wise

CurrencyFair

No bank rip-offs transferring money internationally

Wise

Currency exchange Banks and other providers could charge you up to 5% in hidden costs when sending ...

Landing page //
2021-09-22

Landing page //
2023-09-02

Transferwise vs CurrencyFair - Which One Is Better

Wise videos

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TransferWise Review - 3 Must Knows (2020)

Category Popularity

0-100% (relative to CurrencyFair and Wise)

Wise

Online Payments

2 2%

Online Payments

98% 98

Money Transfer

3 3%

Money Transfer

97% 97

Finance

100 100%

Finance

0% 0

Billing & Invoicing

0 0%

Billing & Invoicing

100% 100

User comments

Share your experience with using CurrencyFair and Wise. For example, how are they different and which one is better?

Reviews

These are some of the external sources and on-site user reviews we've used to compare CurrencyFair and Wise

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).

Source: transumo.com

Wise Reviews

Best money transfer apps of 2021

TransferWise does also offer Business pricing, which adds in extra features that are free, including the ability to receive money in EUR, USD, GBP, PLN, AUD and NZD currencies without charge. However, this comes with a 0.33%-3.56% fee to convert currencies. The supporting TransferWise debit Mastercard comes free too, with the same currency conversion fee of 0.33%-3.56% plus...

Source: www.techradar.com

Top 7 Wise Alternatives

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).

Source: transumo.com

5 Safe Money Transfer Alternatives to Wise

As a money transfer service, Wise (formerly known as TransferWise) is a transparent and easy to use option. But if you’re making an international money transfer, it can be worth looking at some of Wise’s competitors to see which is the best option for you.

Source: www.exiap.com

Cross-border fintech startup Airwallex raises $100M at a valuation of over $1B

For now, the backing of its investors is allowing Airwallex to grow its business without needing to focus on making money. That’s proven tricky for some fintech companies — such as TransferWise and Europe’s challenger banks — but Zhang is confident that when that changes, his company will have little trouble being sustainable.

Source: techcrunch.com

Social recommendations and mentions

Based on our record, Wise should be more popular than CurrencyFair. It has been mentiond 24 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

CurrencyFair mentions (7)

How to buy US based ETFs from outside of the US (SCHD, JEPI etc)
They only support bank wire transfers or transfers via currencyfair which is cheaper and quicker than a bank transfer. Their conversion rate is really nice (at least for EUR/ USD) but you will be charged an extra 20$ per transaction because of a 3rd party bank that comes into play. Source: over 1 year ago
Foreign conversion rates
Use either Currencyfair https://currencyfair.com/ or Wise https://wise.com/. I have used both and I have a slight preference for Currencyfair for one-off transfer. Source: over 1 year ago
$$$ TOP AFFILIATE PROGRAMS 2022 $$$
CurrencyFair -- Earn €20-200 Per Transfer -- https://currencyfair.com -- Finance. Source: almost 2 years ago
Multi currency account ING
I should be much cheaper for you if you use sites like wise.com or currencyfair.com or other similar. Also change rate in ING might be different for others. Source: over 2 years ago
Soon to be US-expat for the first time. Looking for any and all advice.
In the Netherlands, many places do not accept credit cards. They accept Dutch debit cards, or cash. Cash is not commonly accepted either. It's weird, it's annoying, but I recommend applying for a debit card ASAP upon arrival. ING or ABNAMRO are the primary options, both suck, but it is what it is. The best rate for transferring money has been https://currencyfair.com/ imo. Source: over 2 years ago

Wise mentions (24)

Which bank in vietnam have the lowest fee for overseas remittance?
I don't think you need to be a holder of both. I put my mom on my Wells Fargo account and she sent to my account. There is also https://wise.com/us/ . This one I have used to send to someones account in Vietnam. It does have slightly higher fee. But it goes straight into their account. From Wells Fargo I would have to go and get USD then exchange it to Vietnamese currency. Source: 10 months ago
We are happy to welcome you to Auction 88 — Coins of The World.
They invoice in Euros (Czech Republic) so also be aware of fees on payments. I've successfully used TransferWise (https://wise.com/us/). Source: 10 months ago
Recommend me a first credit card with 0 foreign tx fee
It's not a credit card. It's just a way to convert currency w/o a fee. https://wise.com/us/. Source: about 1 year ago
Renting an apartment without a US Bank account?
Get a Wise account. Open one in your local currency, and one in US currency. I was doing that for the first few months. Source: over 1 year ago
My New Client Is Asking Me For My Bank Info
I’ve used Wise for bank payments from international clients before: https://wise.com/us/ that way you’re not giving them your actual bank info but the process is similar on the client’s end. Source: over 1 year ago