Originally Posted by
deniah
For large amounts, nothing beats the security and pricing of a "traditional" bank transfer. I've had to do this many times, eg for sums required to buy property. Bank beats Revolut beats Transferwise. But for small every day purchases and transactions, Revolut/Transferwise is much more convenient.
I think this depends on the country, plus on your setup/leverage with the given “traditional” bank. Here in Canada banks charge the proverbial arm and a leg in their spread. Wise charges a % fee, which effectively works like the spread, but in my experience is still significantly lower than traditional banks. Bottom line: Shop around. The nice thing with Wise is that one can easily do an on-line simulation of what the costs will be.