Transferwise, founded by the people who built Skype and Paypal, is a peer-to-peer money transfer platform that enables people to transfer currencies at the mid-market rate (as they would if exchanged with friends), and thereby allowing you to save up to 90% on money transfers vs. using banks or other money transfer organizations (e.g. Western Union, Paypal).
Here are a few reasons why you should give TransferWise a try:
1. Fast – Transfers take place within 1-3 business days
2. Safe and secure – Regulated by the Financial Conduct Authority in the UK: https://transferwise.com/support/safe-and-secure
3. Best rate guarantee – We promise we’ll provide the best exchange rate, guaranteed: https://transferwise.com/cheapest-money-transfer-guaranteed
4. Amazing customer service – Our customers love us and if you try us, you’ll see why you would never want to make FX transfers through your bank again: www.trustpilot.co.uk/review/transferwise.com
5. Simple and transparent – Flat 0.5% fee on the transferred amount, always. Much lower than what banks charge.