minebit

10 Best International Wire Transfer Rates | Compare Top Services In 2025

10 Best International Wire Transfer Rates | Compare Top Services In 2025

In this post, I will review International Wire Transfer Rates to ensure you the best possible options. Understanding fees, exchange rate markups, delivery options is crucial when sending a large business transfer or a smaller remittance. This will save you money and provide you with fast, safe transfers.

Key Points & Best International Wire Transfer Rates List

Service NameKey Points
WiseLow-cost international transfers with mid-market exchange rates; transparent fees.
OFXNo transfer fees, competitive exchange rates; best for large transfers.
RemitlyFast delivery options; supports cash pickup; tailored for remittances.
Western UnionExtensive global network; supports cash pickup; higher fees and variable exchange rates.
MoneyGramWide global reach; fast transfers; often higher fees than digital-only services.
RevolutApp-based bank with competitive FX rates; great for travelers; limited cash pickup options.
WorldRemitFocus on mobile money and bank transfers; competitive pricing; fast delivery.
CitiBankTraditional bank with global presence; higher fees; slower transfers.
TD BankOffers wire transfers; limited international reach; higher service costs.
Chase BankSupports global wire transfers; secure but expensive and slower than fintech options.

10 Best International Wire Transfer Rates

1.Wise

Wise is a top choice for international wire transfers due to their low fees and use of mid-market exchange rates. Their fee structure consists of a small fixed fee of roughly $1–2 plus a percentage-based fee of 0.3–0.7% depending on the currency pair and payment method.

For larger transfers, especially over £20,000 (around $26,000), Wise implements automatic tiered discounts on variable fees, reducing it to as low as 0.17%.

Wise

Since Wise uses the real mid-market rate without hidden markups, your recipient receives more compared to traditional banks. And all fees are fully displayed upfront, so you know exactly what you’re paying before hitting “send.”

FeatureDetails
Transfer FeesLow, transparent; fixed + variable (e.g. 0.3–0.7%)
Exchange RateReal mid-market rate (no markup)
Speed1–2 business days (can be same day)
LimitsHigh (varies by country and method)
Delivery MethodsBank transfer only
Best ForTransparent, low-cost transfers

2.OFX

OFX provides competitive rates for international wire transfers, particularly for amounts exceeding US 1,000 dollars. OFX stands out from the competition since they do not have transfer fees, and their exchange rates only include a small margin—typically between 0.4% to 1.5%—which is better than most banks.

With OFX’s tiered pricing, the value increases with the amount being sent. With round-the-clock customer service, dedicated dealers for high-volume clients, and 24/7 support, OFX is equally good for personal and business use.

OFX

Although transfers may take 1 to 3 days, the combination of no fixed fees paired with competitive foreign exchange rates makes OFX a good option.

FeatureDetails
Transfer FeesLow, transparent; fixed + variable (e.g. 0.3–0.7%)
Exchange RateReal mid-market rate (no markup)
Speed1–2 business days (can be same day)
LimitsHigh (varies by country and method)
Delivery MethodsBank transfer only
Best ForTransparent, low-cost transfers

3.Remitly

Remitly provides two transfer options: Express which takes minutes, and Economy which takes between 1 to 5 days. These transfers have fees, and exchange rate markups varying depending on the amount, corridor, and speed.

For smaller transfers like $100, markups may reach 3–3.7%. On the other hand, larger transfers of $15,000+ will see margins shrink to 0.8–2.5%. For Economy transfers under $1,000, there is a flat fee of $3.99.

Remitly

For Express, the fee is between $3.99 and $9.99 depending on the destination. For many corridors, fixed fees are waived entirely for amounts over $1,000. Although exchange-markup costs can be higher than mid-market options, for fast, reliable remittances, Remitly is a solid choice.

FeatureDetails
Transfer Fees$0–$9.99 (varies by speed & method)
Exchange RateMarkup of ~1–3.7%
SpeedMinutes (Express) to 3–5 days (Economy)
LimitsDaily/monthly caps based on verification
Delivery MethodsBank deposit, cash pickup, mobile money
Best ForPersonal remittances

4.Western Union

Western Union has swift international money transfer services, but their “best” rates are determined by the destination, how the payment is made, and the amount to be transferred. Western Union frequently claims that there are no or very low fees for payment through online banking.

However, they recover their costs through exchange‐rate markups which are usually 1 to 6 % above the mid-market rate .

Western Union

For exotic currencies or cash pickup, markups may raise to around 7 to 10 % . In some areas such as US to Mexico, users report no fees and around ~2 % rate spread . Western Union is best for urgent location-dependent transfers instead of trying to minimize costs.

FeatureDetails
Transfer Fees$0–$15+ (varies by method)
Exchange RateMarkup of 1–6% (up to 10% in some cases)
SpeedMinutes to 1–2 days
LimitsVaries by country/method
Delivery MethodsBank, cash pickup, mobile wallet
Best ForGlobal reach and fast cash delivery

5.MoneyGram

7.WorldRemit

Based on the country, amount, and the chosen payout method, WorldRemit charges a fixed upfront fee ranging from $0.99 to $3.99, with cash pickups being more expensive and bank or mobile money transfers being cheaper.

Their exchange-rate markups are mostly 0.5–1.25%, and for less common currencies, they go up to 3%. WorldRemit is fully transparent: both fees and the rate margin are visible at the platform’s interface.

WorldRemit

Transfers are instant to on average 1–2 days depending on the delivery method. With numerous payout options and clearly defined fees, this service is optimal for small and medium remittances.

FeatureDetails
Transfer Fees$0.99–$3.99 depending on corridor
Exchange RateMarkup of 0.5–3%
SpeedMinutes to 1–2 days
LimitsVaries by country and method
Delivery MethodsBank, mobile money, cash pickup, airtime
Best ForMobile-first personal remittances

8.CitiBank

CitiBank has a fee of $35 for international wire transfers done online in USD (waived for account tiers such as Citigold/Private Client), or $25 for Citi Priority.

Transfers done in foreign currency usually have no upfront fee, however, Citi adds 3.5-8% on the mid-market exchange rate as a markup.

CitiBank

Receiving wires incur a $15 fee unless the account holder is a premium account holder. Wires submitted before the ~6 pm ET cutoff take 1-3 business days to process.

While CitiBank has convenience and a global reach, their services for foreign currency transfers are more expensive due to high foreign exchange (FX) markups.

FeatureDetails
Transfer Fees$25–$35 for outgoing wires; some tiers waive
Exchange RateMarkup of 3.5–8%
Speed1–3 business days
LimitsVaries by account
Delivery MethodsBank transfers only
Best ForCiti clients with global accounts

9.TD Bank

TD Bank applies a $50 charge for outgoing international wires and $15 for incoming ones for standard personal accounts.

Transfers are eligible for booking only through branch visits, and TD applies markup rates on exchange rates which adds an additional 1–3% over the mid-market rates increasing the cost exponentially.

TD Bank

Delivery of wires take 1–5 business days based on destination and banking partners used. In conclusion, TD Bank provides secure and trusted international wire services, but they tend to be slower and more expensive than other fintech specialists.

FeatureDetails
Transfer Fees$50 outgoing, $15 incoming
Exchange RateMarkup of 1–3%
Speed2–5 business days
LimitsMust initiate in branch
Delivery MethodsBank wires only
Best ForIn-branch, trusted bank transfers

10.Chase Bank

Chase Bank charges $40 – $50 for outgoing international wire transfers. In‑branch transfers cost $50, while online transfers are $40. For foreign currency wires under $5,000, the fee is $5, and there is no charge for amounts over $5,000.

There is also a $15 incoming wire fee which is often waived. Chase has other fees such as an exchange-rate markup that is 2-7% of the mid-market average rate. They also charge SWIFT and intermediary bank fees of $15-$30.

Chase Bank

Wires take 1-5 business days to process. Overall Chase is secure with integrated services, but their wires are more expensive compared to fintech specialists because of foreign exchange markups and disguised intermediary costs.

FeatureDetails
Transfer Fees$40–$50 outgoing; $5–$0 for foreign currency; $15 incoming
Exchange RateMarkup of 2–7%
Speed1–5 business days
LimitsDepends on account type
Delivery MethodsBank wires only
Best ForSecure, integrated transfers for Chase clients

Conclusion

To summarize this discussion, Wise and OFX emerge as leaders in international wire transfers due to their low fees and minimal exchange rate markups.

Within set plans, Revolut is a strong competitor, while Remitly and WorldRemit excel at quick transfers for low amounts.

For a traditional option, Chase and Citi are reliable, but their exorbitant fees along with high FX markups render them far more expensive than their competitors.

FAQ

What is the cheapest way to send money internationally?

Wise often provides the cheapest option with mid-market exchange rates and low transparent fees. OFX is also cost-effective for larger transfers.

Which service offers the best exchange rates?

Wise uses the real mid-market rate with no markup, making it the most transparent. OFX and Revolut also offer competitive rates, depending on transfer size and plan.

Are traditional banks more expensive?

Yes. Banks like Chase, Citi, and TD Bank typically charge higher fees ($25–$50) and add 2–7% exchange rate markups.
Frank Hamilton has been working as an editor at essay review service Best Writers Online. He is a professional writing expert in such topics as blogging, digital marketing and self-education. He also loves traveling and speaks Spanish, French, German and English.