Alternatives to Wise (TransferWise)

Compare sites like Wise with set fees, better exchange rates and more tools to transfer your money for less.

Wise supports bank-to-bank transfers only and doesn’t send money to some of the more exotic locations, so it won’t be convenient for all transfers. Its fees also depend on the amount of money you’re sending, which can get expensive fast. Here are some sites like Wise offering features that it lacks.

A closer look at these services

TorFX logo

1. TorFX

TorFX (visit site) is a broker, so it scours popular forex providers to find the best rate it can for your transfer. That means that while Wise supports transfers to 53 currencies, TorFX can tap into the currency support and distribution network of a whole range of transfer services. Both platforms let you pay by debit card or bank transfer but Wise additionally supports credit card payment. TorFX also offers "forward contracts" (locking in a rate today for a transfer in the future) and "limit orders" (setting a target exchange rate at which your transfer is triggered).

Transfers to a bank account take a similar amount of time with TorFX or Wise but the transfer speed will depend on the country you're sending to.

TorFX is running a special offer – Get a £50 Amazon voucher for each friend you refer who transfers £5,000 or more. T&Cs apply.

WorldRemit logo

2. WorldRemit

Next up, WorldRemit (read review) has been around for 1 year longer and supports transfers to 9 more currencies than Wise (including Tunisian dinar, for example). Both apps let you pay by debit/credit card or bank transfer. With WorldRemit your recipient can pick up cash, so no bank account is needed (that facility's not available through Wise). Like Wise, WorldRemit has an app you can use to arrange and track your international transfers.

Transfers to a bank account take a similar amount of time with WorldRemit or Wise but again, this varies by destination.

Atlantic Money logo

3. Atlantic Money

Newcomer Atlantic Money (visit site) supports transfers to 42 fewer currencies than Wise. Like Wise, Atlantic Money has an app you can use to arrange and track your international transfers, but Atlantic Money's is only available for iPhone.

Transfers to a bank account take a similar amount of time with Atlantic Money or Wise.

Atlantic Money is running a special offer – Pay no fees on your first Atlantic Money transaction with this link.

Remitly logo

4. Remitly

Remitly (visit site) supports transfers to 78 more currencies than Wise (including Tunisian dinar, for example). Both platforms let you pay by debit/credit card or bank transfer. With Remitly your recipient can pick up cash, so no bank account is needed (that facility's not available through Wise).

Transfers to a bank account take a similar amount of time with Remitly or Wise.

PassTo logo

5. PassTo

PassTo (visit site) supports transfers to 21 fewer currencies than Wise, but major remittance currencies including euros, Philippine pesos and Indian and Pakistani rupees are supported. Both apps let you pay by debit/credit card or bank transfer. With PassTo your recipient can pick up cash, so no bank account is needed (that facility's not available through Wise). Like Wise, PassTo has an app you can use to arrange and track your international transfers.

Transfers to a bank account take a similar amount of time with PassTo or Wise.

PassTo is running a special offer – No fees on your first transfer. Refer 3 friends to PassTo and earn £50 once they each make a transfer of at least £200. They'll earn £5 too. T&Cs apply.

Western Union logo

6. Western Union

Western Union (visit site) has been around for 160 years longer and supports transfers to 89 more currencies than Wise (including Namibian dollars, for example). Both apps let you pay by debit/credit card or bank transfer. With Western Union your recipient can pick up cash, so no bank account is needed (that facility's not available through Wise). Like Wise, Western Union has an app you can use to arrange and track your international transfers or to set up recurring payments.

Transfers to a bank account take a similar amount of time with Western Union or Wise. Western Union generally doesn't have market-leading fees. Instead it trades on its status as a household name with a massive global network.

Paysend logo

7. Paysend

Finally, Paysend (read review) supports transfers to 64 more currencies than Wise (including Serbian dinar, for example). Both apps let you pay by debit/credit card or bank transfer. With Paysend your recipient can pick up cash, so no bank account is needed (that facility's not available through Wise). Like Wise, Paysend has an app you can use to arrange and track your international transfers.

Transfers to a bank account take a similar amount of time with Paysend or Wise.

Learn more about Wise in our review.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

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