[FredFS456]

From my own comparisons, when converting, say, $1000 USD with Wise the spread+fee is about half of any of the banks that I have accounts with. Where Wise takes a huge cut is if you convert $10 at a time.

[energy123]

Then I suppose it depends on the FX pair and the bank. I was looking at $8k USD equivalent and the bid offer was worse than my retail bank