I built a free tool to compare international money transfer fees—would appreciate your thoughts!
Posted by AustRilic@reddit | expats | View on Reddit | 3 comments
Hey everyone,
I'm a computer engineering student at Carnegie Mellon, and as someone who's had to send money internationally, I got frustrated by how opaque remittance services can be. To address this, I built a simple, free-to-use website that directly compares fees, exchange rates, and transfer speeds across popular money transfer services—just pick your sending and receiving countries, and see clear, real-time comparisons.
Any feedback or concerns are welcomed
Here's the site: www.remit-scout.com (No links to respect the subreddit rules)
Thanks I really hope it helps simplify things for anyone else dealing with international transfers!
elcalvo75@reddit
been playing with it and it looks very nice. One comment I'd have: in the countries I chose, I have not only local currency but also others. Example: in the Dominican Republic the tool defaults to DOP (local) but my account is in USD. I cannot select that to make a comparison
Compliments ! very nice tool
tomorrow509@reddit
Nice Post. I think it might help people decide on the best company to handle their FX needs. I use WISE and was not surprised it was the top value. Even better when you initiate a "push" transfer from your bank to your external wise account. Takes a day longer but no xfer frees, just the quoted rate
AutoModerator@reddit
Based on keywords in your post, it looks like you might be asking for help transferring money between countries. There are a couple of popular options. Wise supports more currencies, but may be more expensive than Atlantic. Both offer reasonable rates and have been used by members of the community to transfer large amounts (in excess of $100K USD). Please do your own research to decide what is best for you. Note that Atlantic also has a comparison tool and is better value the more you are transferring.
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