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How to Save 200€ Per Year on Your Money Transfers
Smart tips and strategies to reduce international transfer fees. Start saving from your very first transfer.
In summary
6 practical tips to save up to 200€ per year on money transfers. Use a comparison tool, avoid banks, and bundle your transfers.
Send money to family regularly? You could save up to 200€ per year just by changing a few habits. Here is how.
1. Use a Comparison Tool (free)
Check TransfertCompare before every transfer. Provider differences can reach 5% of the amount. On a monthly 200€ transfer, that is 10€ saved per month = 120€ per year.
2. Avoid Traditional Banks
Banks charge an average of 5% in hidden fees through poor exchange rates. Wise, Remitly and Revolut use the real mid-market rate. The savings are instant.
3. Bundle Your Transfers
One 500€ transfer costs proportionally less than five 100€ transfers. If you send money several times a month, combine them.
4. Use Promotions
Remitly, WorldRemit and Azimo regularly offer 0-fee first transfers or promo codes. Subscribe to their newsletters.
5. Pick the Right Speed
Economy mode (3-5 days) is much cheaper than express. If it is not urgent, choose the slower option.
6. Avoid Weekends
Exchange rates are worse on weekends. Transfer on business days.
By switching from a traditional bank to Wise or Remitly, you save over 150€ per year. With good habits and our comparison tool, you can reach 200€ in annual savings.
Charles Parenteau
Fondateur de TransfertCompare. Expert en transferts d'argent internationaux et en fintech. Je compare les solutions pour vous aider à économiser sur chaque envoi.En savoir plus →