Content begins

Foreign Money Transfer Service

Cheap Money Transfer. Send Money abroad at a very low cost

Send Money abroad for less

Did you know that banks and other money transfer businesses charge you with up to 5% when sending money abroad? Well, TransferWise doesn't.

This is why Money Expert has teamed up with TransferWise, the cheapest money transfer service in the world to offer you a completely free of charge money transfer between GBP, EUR and PLN, CHF, NOK, SEK, DKK and USD.

Send money abroad now
Send money abroad for less with TransferWise

Why use TransferWise?

TransferWise uses real exchange rates to help expats, foreign students and businesses wire money securely, conveniently, and at a very low cost. Finally, a financial service built for people, not banks.

What exchange rate is used to exchange money?

TransferWise always uses the mid-market rate to convert your currency. Mid-market rate is the rate that is between the BUY and SELL rates you usually see, it is the rate that is used in the global financial markets. Most banks and brokers hide this from you by marking it up significantly (sometimes its also called the interbank rate or spot rate). Hidden commission on the exchange rate is how our competitors make the most of their money.

Are you really cheaper than high street banks and other currency exchange services?

We believe so. Our competitors are hiding their fees in two places - the currency exchange rates and the transaction fee. Often you are promised no transaction fee, but then the exchange rate they use will be take that into account. In total you lost on average 5% that way. To avoid that always be sure to check both the exchange rate and the transaction fee and ask how much money you will receive in the end. TransferWise always makes the exchange at mid-market rate and charges a simple fee for the service.

Can I use TransferWise for business transfers?

Yes. Business transfers work in the same way as personal transfers. You can set up your Business profile on your account page.

Latest Financial News

  • 3 Jul 2015

    Calls to 0800 and 0808 numbers now free on all phones

    As part of an effort by Ofcom to sort out phone charges to different types of number, 0800 and 0808 freephone numbers are now totally free on both landlines and mobiles.

  • 3 Jul 2015

    Savings Accounts See Two Year Interest Rate High For Short Term Fixed Rate Deals

    New banks are now offering interest rates of around 2%, levels that have not been reached for the past two years. These accounts are aimed at people who are willing to manage their accounts by post, internet or phone.

  • 1 Jul 2015

    5 Steps to Mortgage Success

    Taking out a mortgage isn’t as simple as just picking the best deal and immediately borrowing at great rates – there are always obstacles (financial and otherwise) in the way.

  • 30 Jun 2015

    Ofgem Call for Cuts to Costs of Prepayment Meters

    The regulator for the gas and electricity markets in the UK, Ofgem, has recently carried out some research into the number of energy companies that charge for the installation of prepayment meters. The findings of this research revealed that 40% of providers charged for this service and another 5% charged for the removal of the meters.

View full news section


Simply Switch

© MoneyExpert.com 2015

MoneyExpert Limited Registered in England. Registered Number 04765843. Registered Office: MoneyExpert Limited, Huxley House, Weyside Park, Catteshall Lane, Godalming, GU7 1XE. Consumer Credit Licence Number 662105. Data Protection Licence Number Z8204138. MoneyExpert Limited is an appointed representative of MoneyExpert Insurance Services Limited which is authorised and regulated by The Financial Conduct Authority FRN 557120.

Terms & Conditions Privacy Policy Cookies Site Map Complaint Handling