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Compare money transfer companies & apps
Pick any two providers. See who delivers more — live rates, fees and features, side by side.
Provider A
Provider B
Sending$to
We don't have live USD→INR data for one of these providers yet. Try another corridor, or compare features below.
Across popular corridors (1,000 each)
Wise 0 · 0 Remitly| Corridor | Wise | Remitly | Winner |
|---|---|---|---|
| USD → INR | — | — | — |
| GBP → EUR | — | — | — |
| USD → PHP | — | — | — |
| USD → MXN | — | — | — |
Feature
Trustpilot rating
4.3 (Excellent)
4.6 (Excellent)
Fee structure
Variable fee from 0.41%
From $0 to $3.99 per transfer
Exchange-rate markup
0% (mid-market rate)
0.5% - 2% above mid-market
Transfer speed
Instant to 2 days
Minutes to 3-5 days
Countries
80+
100+
Currencies
50+
40+
Payment methods
Bank Transfer, Debit Card, Credit Card, Apple Pay
Bank Transfer, Debit Card, Credit Card
Delivery methods
Bank Deposit, Wise Account
Bank Deposit, Cash Pickup, Mobile Money, Home Delivery
Regulated by
FCA, FinCEN, ASIC
FinCEN, FCA
Founded
2011
2011
Want the full breakdown — pros, cons, and our verdict on Wise vs Remitly?
Read the full comparisonHow the comparison works
Every international transfer has two costs: the fee you can see, and the exchange-rate markup you usually can't. The markup is the gap between the mid-market rate — the real interbank midpoint you can check on Google — and the weaker rate a provider actually gives you. Work it out as ((mid-market rate − your quoted rate) ÷ mid-market rate) × 100. If the mid-market is 1.30 and you're quoted 1.26, that's a 3.08% markup, and it's baked into the rate rather than shown as a line item.
That's why a "zero-fee" transfer can cost more than one with a visible fee. On a $1,000 transfer, $0 fee with a 3% markup costs you $30 — worse than a $10 fee on a near-mid-market rate, which costs just $15. And because the markup scales with size, 3% on a $10,000 transfer is $300. The only honest comparison is the amount the recipient actually receives, which already nets out both — the same all-in logic the World Bank uses, where the global average transfer still costs around 6.4% of the amount sent.
Markups vary sharply by provider type. Specialist apps like Wise pass on the mid-market rate and charge a small transparent fee (often ~0.4–0.6%); remittance apps such as Remitly typically add ~1–3% to the rate but win on instant cash pickup, mobile wallets and first-transfer promotions to corridors like India, the Philippines and Mexico. Banks run ~2–4.5%, and PayPal/Xoom sit higher still. Our tool above runs your exact amount and currency pair through current scraped rates so you don't have to do the arithmetic.
Head-to-head
In-depth, hand-written breakdowns — fees, rates, speed and our verdict.
Comparing money transfers: FAQ
How do you decide which provider is cheaper?
By the amount the recipient actually receives — never the advertised fee. The true cost of a transfer is the stated fee plus the exchange-rate markup (markup % × amount sent), and the markup scales with transfer size while a flat fee does not. Our tool takes each provider's live rate (refreshed every 6 hours from provider APIs and calculators), nets out both the fee and the markup, and shows you the single number that matters: what lands in the recipient's account. This is the same all-in logic the World Bank uses in its Remittance Prices Worldwide survey.
What is an exchange rate markup?
It's the gap between the mid-market rate (the real interbank midpoint you can check on Google, the midpoint of the buy and sell prices) and the weaker rate a provider gives you. You calculate it as ((mid-market rate − your quoted rate) ÷ mid-market rate) × 100. If the mid-market is 1.30 and you're quoted 1.26, that's a 3.08% markup. It's the provider's margin on the conversion and it's almost never shown as a line item — it's baked into the rate itself, which is exactly why it's easy to miss.
Why do 'zero fee' transfers sometimes cost more?
Because the cost moves from a visible fee into the hidden exchange-rate markup. On a $1,000 transfer, a provider charging a $0 fee with a 3% markup costs you $30 — worse than a rival charging a visible $10 fee on a near-mid-market rate ($15 total). The markup also scales: 3% on a $10,000 transfer is $300. That's why we rank on the receive amount, which already nets out both.
How do markups compare across provider types?
They vary widely. Wise advertises the mid-market rate with no markup, charging an explicit upfront fee instead (often from roughly 0.4–0.6% of the amount). Remittance apps like Remitly typically apply around 1–3% above mid-market. High-street banks run roughly 2–4.5%. Cash-pickup networks like Western Union are commonly 2–4%, and PayPal/Xoom sit at the higher end (PayPal publishes a 3.5–4% conversion fee). The World Bank's global average all-in cost is about 6.4% of the amount sent — so the spread between cheapest and most expensive is large.
Is the comparison data live?
Yes. Rates and fees are scraped from provider APIs and calculators every 6 hours and merged by source priority (direct API first, then aggregators, then fallback). The receive-amount figures update with each refresh, so the verdict reflects current pricing rather than a static table. We also flag any provider where we don't have fresh data for your chosen currency pair.
Are these affiliate links?
Some are. When you click “Send with” we may earn a commission at no cost to you. It never changes which provider the tool shows as cheaper — the winner is decided purely by the live receive amount. See our methodology for exactly how we rank.