Below is a comparison between my bank and Wise when wishing to send £1,000 to the E.U. all made at the same time.
As you can see the quote from Wise is significantly better by almost €40. My bank doesn't even charge a fee for payments in Euros so it shows just how bad the exchange rate they use is.
Special Offer
If you sign up using my referral link then Wise will even waive their fee on the first £500 (or equivalent¹) you transfer², saving you even more money. You must use the referral link or you'll miss out, like I did. Oops.
¹ For example: if 100 units of currency A is equivalent to £50 then the fee will be waived for A1,000. If 100 units of currency B is equivalent to £200 then the fee will be waived for B250.
² Same-currency transfers excluded.
Correct at time of writing. Always do your own due diligence. Caveat emptor. Last updated 3/10/2022.