Saying No Fee is a bit deceptive. There are different fees, commissions, and forex markup. While it's commision free, any forex company normally charges forex markups. If you look at an exchange office where they say 'no fee' or 'no commission' , selling rate and buying rate are different. That's how they make money. If you exchange...say 100 pounds and got 125 Euros, and sell that Euros back to pounds straight away, you won't get 100 pounds back. My bank charges 2.95 % for foreign exchange as well as ATM transaction fee. Forex company mark up can be something like 5.75% ..just as an example but they may not take any other charges. Having said that, the rate by wise transfer is very reasonable. I didn't open an account with them. Tuitrans has their account. Therefore, when I did bank transfer in GBP, I went to wise transfer website and found GBP equivalent of the bill and transferred through my bank.I