Monday, February 24, 2020

Banks vs Money senders : fees and exchange rates.

Banks are not transparent : they reveal a transfer fee but they also take money from the exchange rate. 

With a bank our client paid 6436.08 plus fee 15, plus Thai bank fee about 17 and transfer in 3 days

With TransferWise it would have been only 6276.68 fee included, no Thai bank fee, transfer in 24 hours 

PayPal takes even more, see on a real example :

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