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Wise is not a bank, despite sharing many features of one.Ā
They're a multi-currency financial service that,Ā during the age of incumbent banking, earned successĀ with their radical transparency.
In short: they make international transfers easier, and often cheaper.
But the world has moved on, and Wise now face fierce competition from services like Revolut and Starling.
To demonstrate my point, here are the comparativeĀ costs of sending Ā£10, Ā£100 and Ā£1,000 to the USĀ (including any FX markups).
Note: for a deeper dive on international payments, read the UX of Banking.
Sending Ā£10 (fee + FX)
Written by Peter Ramsey
Published
Last edited
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