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I did a quick comparison with Wise (previously TransferWise)

This is cheaper for GBP->EUR transactions over £800, but a lot slower (arrives "Friday" instead of within 5 hours. In practice I've found that Wise transfers are normally nearly instant). It's quite substantially cheaper for large transfers (e.g. about £2000 for transfering near their max) and possibly faster. I can't tell if you can lock in a rate like with Wise.

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We also support instant transfers into EUR - but transferring money across borders instantly requires capital buffer to be held somewhere, which is a true variable cost that the business can't cover with a fixed fee. So there's an additional 0.05% fee for instant transfers. With Wise you're effectively forced to pay that fee. With us, you just pay if you need the urgency, which people don't always need.

I’ve never had a wise transfer complete in anything like 5 hours. I’ve done dozens to Russia.

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