TransferWise is on a mission to revolutionise traditional money transfers. They think that sending money to another country should be as cheap as sending an email. Luckily, TransferWise were able to bring down their own costs – and yours as well! Effective February 19th, it will become cheaper to transfer USD to EUR.
Cheaper USD To EUR Transfers
The fee used to be 1% on amounts up to $5,000, and 0.7% on any remaining amount over $5,000. Check out how much your transfers will cost, depending on the amount you send.
The new pricing will be as follows:
- $1.00 + 0.75% for direct debit and debit cards
- $1.00 + 0.60% for wire transfers (your bank is likely to charge you $25-50, on top of their fees, for wires)
- $1.00 + 2.45% for credit cards
Also check out their Borderless account if you need a free multicurrency account with local US, UK, AU, NZ, and EU bank details.