Is Wise cheaper than a bank for sending money to an overseas brokerage account?

SocialFinance Team 1
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For funding a foreign brokerage account from India, is it cheaper to use Wise or a bank wire with a negotiated forex rate?

wise outward-remittance forex foreign-investment
1 Answers

Yes, it's costlier.
Right now, for the current rate(94.07), it's showing: 143,758
For IDFC at 25p, its (94.32*1500)+217 = 1,41,697

Pankaj Batra5227
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