Traditional bank wire transfers are expensive. Learn the cheapest ways to send money internationally in 2025, with specific recommendations for popular transfer corridors.
A traditional bank international wire transfer has two hidden costs most people miss:
On a $5,000 transfer, this can mean $175-250 in total fees. Do this monthly and you're paying $2,100-3,000/year just to access your own money.
Wise — consistently offers the lowest total cost for most currency pairs. Uses real mid-market exchange rate + transparent fee (typically 0.4-1.5%). On $5,000, fees are usually $20-75.
Revolut — excellent rates within plan limits. Premium/Metal plans get unlimited fee-free transfers. Good for regular smaller transfers.
Remitly — best for transfers to developing countries (Philippines, Mexico, India, Pakistan). Often offers special rates for first transfers and high receive volumes.
WorldRemit — covers many countries Wise doesn't, including many African and Asian destinations.
Cryptocurrency — sending USDC stablecoins on cheap networks (Solana, Polygon) can be near-free. Recipient needs a crypto wallet. Good for tech-savvy recipients.
US to Mexico: Remitly, Wise
US to Philippines: Remitly, WorldRemit
US to India: Wise, Remitly
Europe to Southeast Asia: Wise
US to Europe (EUR): Wise, your bank (if fee-free for SEPA)
UK to anywhere: Wise
Transfer less frequently but in larger amounts: A $500 transfer at $25 flat fee = 5% fee. A $2,500 transfer at $25 fee = 1%. Batch transfers when possible.
Convert at mid-market hours: Rates are slightly more stable during European business hours (08:00-17:00 CET).
Use the recipient's bank directly: Some banks have partnerships with foreign banks for free or cheap transfers.
Get a Wise account in both countries: Wise to Wise transfers are instant and often free.
Free to start. No bank connection. No KYC. Works in 20+ countries.
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