Forums › Payment cards › Other payment cards › Cost effective International Money Transfers › Reply To: Cost effective International Money Transfers
Revolut Premium is as low as you get (average spread is 0.18%) so if it’s a large amount, upgrading a free account for a month is easily the cheapest. Much more so than even Wise or TorFX.
On your first large transaction you will probably need to go through a proof of funds dance. Wise will be no different.
Even with a premium account the rate for 10k is right between Wise and Zing, before the costs of premium are added on top.
It happens rarely, but I’m always bemused when people say Revolut is ‘easily the cheapest’ – I wonder what combination of currency/amount they are converting, or if they don’t understand that the total amount that reaches the recipient is the key number here.
A colleague looked at live rates every few minutes over the course of a day with Revolut and the range was 0.16%-0.18%. My last exchange was 0.18%. The OP was asking about AUD 100k and one person mentioned AUD 1M, so small variances matter.
In my case, the difference between 0.4% with Wise and 0.18% with Revolut was easily enough to be interesting and a tenner on fees was massively irrelevant.
New to Head for Points?
Welcome! We’re the UK’s most-read source of business travel, Avios, frequent flyer and hotel loyalty news. Let us improve how you travel. Got any questions? Ask them in our forums.
Latest Forum Posts
-
davefl on Chat thread – Monday 7th July
-
Michael C on BA soon to be charging for cabin bags
-
AndrewT on End of Railcard rate in 2025?
-
BA Flyer IHG Stayer on Chat thread – Monday 7th July
-
BA Flyer IHG Stayer on Chat thread – Monday 7th July
-
masaccio on Nairobi to London – 4 x Premium Economy with companion voucher
-
Indy500 on Chat thread – Monday 7th July
-
ExExpat on Pacific Northwest – Seattle & Vancouver
-
Stu_N on Pacific Northwest – Seattle & Vancouver
-
JDB on BA soon to be charging for cabin bags
Check reward flight availability instantly for free!
Booking a luxury hotel?
Our luxury hotel booking service offers you GUARANTEED extra benefits over booking direct. Works with Four Seasons, Mandarin Oriental, The Ritz Carlton, St Regis and more. We've booked £1.7 million of rooms to date. Click for details.