Indians sending money abroad face excessive bank charges and hidden exchange rate markups. Banks charge 3-5% markup on the exchange rate plus flat fees. NRI families receiving remittances lose thousands annually to poor rates. Freelancers earning in dollars or euros lose significant income to conversion fees. PayPal charges high currency conversion fees on international payments. Wise uses the real mid-market exchange rate with transparent, low fees — up to 8x cheaper than banks. Send money to 80+ countries or receive international payments at the best possible rate.
International Transfer Comparison
| Service | Exchange Rate | Fee | Speed | Countries |
|---|---|---|---|---|
| Wise | Mid-market | Low & transparent | 1-2 days | 80+ |
| Indian banks | Marked up 3-5% | ₹500-2000 | 3-5 days | Variable |
| Western Union | Marked up | Commission | Minutes-days | 200+ |
| PayPal | Marked up 3-4% | Fees | 1-3 days | 200+ |
Transfer Money Smarter
Send with Wise — real exchange rate, transparent fees, fast delivery worldwide. Learn finance on Udemy — personal finance courses from ₹449.
Why Indians Choose Wise
- Real exchange rate: Mid-market rate — save 3-5% compared to Indian banks
- Transparent fees: See exact cost upfront. No hidden charges on arrival
- Freelancer payments: Receive international client payments at the best rate
- NRI remittances: Family receives more money with better conversion rates
- RBI authorized: Licensed and regulated for Indian transactions
Frequently Asked Questions
RBI approved?
Yes. Wise is authorized by RBI for international money transfers from India.
How much saved?
Up to 8x cheaper than banks. Save ₹1000s on each international transfer.
Speed?
Most transfers arrive in 1-2 business days. Some currencies within hours.
Freelancers?
Yes. Receive USD, EUR, GBP payments and convert at the best rate to INR.
Related: Transfers | Earn Money | Freelance Payments