The company says transfers are now cheaper for 76% of its customers
According to its official website, TransferWise lowered the price of money transfers by 15% on average, and in a few cases up to 30%. In particular, fees for sending USD or GBP to anywhere in the world are now lower, as well as from anywhere in the world to some Asian currencies. See the table below for details.
|Send £1,000 to||Old fee||New Fee||Drop|
|INR 🇮🇳||£5.48||£4.77||⬇️ 13%|
|THB 🇹🇭||£7.00||£5.91||⬇️ 15%|
|IDR 🇮🇩||£5.21||£3.62||⬇️ 30%|
|MYR 🇲🇾||£5.57||£5.22||⬇️ 9%|
|PKR 🇵🇰||£9.00||£7.74||⬇️ 14%|
|CNY 🇨🇳||£12.66||£11.35||⬇️ 10%|
|VND 🇻🇳||£9.97||£7.80||⬇️ 21%|
|KRW 🇰🇷||£9.37||£7.85||⬇️ 16%|
|LKR 🇱🇰||£8.13||£5.79||⬇️ 28%|
|BDT 🇧🇩||£12.37||£8.98||⬇️ 27%|
The company says this move is another step on the path to eventually making the use of money across borders free for customers.