[briodf]

Great post Jurn, thanks for participating in the effort against hidden exchange rate markups.

If you want to check for yourself how much you could save with TransferWise (or one of their competitors) vs banks or PayPal, we've built a comparison site for international money transfer: www.monito.com which compares live exchange rates and fees for any amount you'd like to transfer between two countries/currencies (e.g. US-Euro https://www.monito.com/send-money/united-states/netherlands/...)

Our initial goal was to help migrants save money when they support family back home, but the tool can be used by businesses/freelancers/travellers as well.

Let me know if I can be of any help in the comments, we've become payment geeks over the years!

[wtmt]

I wanted to provide you feedback as well as alert others reading these comments. Your site doesn’t list anything other than Transferwise for transfers from India to USA, even though options like InstaRem and others exist. Based on this, I’m not sure how comprehensive your service is to compare providers for cross border transfers. I see you have InstaRem and others for some other currency combinations (including the inverse, sending money from USA to India).

[briodf]

Thanks for your feedback. Monito.com strives to list as many options as possible and be the most exhaustive source of information about international money transfer fees worldwide. However, we're not always able to access all data as no worldwide regulations require banks or money transfer services to be transparent about their fees and exchange rates (yet).

That being said, in the case of money transfers from India to the USA: InstaReM temporarily suspended money transfers from India last month. As soon as this is re-activated, they will once again appear in our comparison table on all supported corridors from India.

[wtmt]

Thanks for the prompt response with details. If I may bother you one more time, do you have XE in your list of providers? It provides money transfers for many currency pairs (probably not as broad as Transferwise or InstaRem).

[briodf]

Yes we do. For example, they're the only service we know offering digital money transfers from Mexico to the US: https://www.monito.com/send-money/mexico/united-states/mxn/u...