Wise

Wise, formerly known as TransferWise, is an online money transfer service with low and transparent fees. Wise uses a peer-to-peer system, matching users sending in one currency with those receiving in another, which helps minimize currency conversion costs.

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Key Benefits and Features

• Transfers to 160 countries
• Available for personal and business
• Real exchange rate with no markup
• Multi-currency account for easy management of funds in different currencies
• Integration with various banking and financial platformsFast or even instant global payments
• Earn 4.33% APY with their interest feature (USD balance account)

Fees

• Monthly fee: $0
• Annual fees: $0
• Transactional fees: vary by currency, from 0.43%
• Exchange rates: mid-market exchange rate
• ATM fees: no fees for withdrawals over $100 USD per month per account, $1.50 USD per withdrawal thereafter'
• Account funding transactions: 2%
• Getting the Wise debit card: $9 USD
• Converting money: fee varies by currency, from 0.43%
• Holding money in your account: free

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Sources: Transumo, Exiap