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TransferWise - Sending Money Overseas |
Typically, U.S. banks impose fees as high as 12% per international transfer, while money transfer juggernauts like Western Union and MoneyGram’s average fees of 9% of assets sent.
TransferWise, a UK-based startup that opened its first U.S. office earlier this year, uses a clever loophole to make it possible to send money to other countries.
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