Indians sending money abroad lose thousands to hidden bank fees. Banks charge 3-5% markup on exchange rates plus flat fees. Wire transfers take 3-5 business days. Corporate forex services require minimum amounts. Students paying tuition, freelancers receiving payments, families supporting relatives abroad — everyone pays too much. Wise uses the real mid-market exchange rate with transparent fees. You see exactly what you pay before sending. Money arrives in hours, not days. Trusted by 16 million people worldwide.
Transfer Service Comparison
| Service | Exchange Rate | Fee | Speed | Best For |
|---|---|---|---|---|
| Wise | Mid-market | Low, transparent | Hours | Best rate |
| Banks | 3-5% markup | ₹500-2000 | 3-5 days | Large amounts |
| Western Union | Markup | Variable | Minutes | Cash pickup |
| PayPal | 4% markup | High | Days | Online only |
Start Saving on Transfers
Send with Wise — real exchange rate, transparent fees, fast delivery. Learn forex on Udemy — finance courses from ₹449.
Why Indians Choose Wise
- Real exchange rate: Mid-market rate — the one you see on Google. No hidden markup
- Transparent fees: See exact cost before sending. No surprises on arrival
- Fast transfers: Most transfers arrive within hours, not days like banks
- Student tuition: Send tuition fees abroad at best rates. Save lakhs over degree duration
- Multi-currency: Hold and convert 50+ currencies. Perfect for freelancers earning in USD/EUR
Frequently Asked Questions
RBI compliant?
Yes. Wise is fully authorized by RBI for outward remittances under LRS scheme.
How much saved?
Typically 3-5x cheaper than banks. On ₹5 lakh transfer, save ₹15,000-25,000.
Student payments?
Perfect for tuition. Direct to university accounts. Proof of transfer for visa.
Receiving money?
Yes. Get USD/EUR/GBP account details. Clients pay as if you're local.
Related: Transfers | Earn Money | Freelancing