Which is less expensive in the US, Wise or TorFX

Wise is generally cheaper than TorFX in the US for most transfers. Here are some reasons why:

•  Wise uses the mid-market exchange rate with low, transparent fees, and can have faster delivery times compared to TorFX. Wise fees are also on the low side, so it could cost you as little as a few dollars to make a transfer.

•  TorFX doesn't charge any transfer fees, but it is possible that receiving or correspondent banks may charge their own feeshttps://wise.com/us/blog/wise-vs-torfx. TorFX also adds a margin to the exchange rate, which varies depending on the amount and currency of your transfer. TorFX may offer better rates for large transfers or exotic currencies, but Wise may still be cheaper for smaller or more common transfers.

•  Wise offers a multi-currency account, which allows you to hold, send, spend and convert 40+ currencies with low fees and mid-market rates. You can also get a Wise card for a one-time fee of just $9, which you can use in 150+ countries. TorFX doesn't offer a multi-currency account or a card, so you may have less flexibility and convenience with your money transfers.