France Price Comparison Research 2024

  • Our money transfer costs are up to 3x cheaper than those offered by popular service providers

    Our team looked at the cost of exchanging currencies with 5 traditional French banks (BNP Paribas, Boursorama, Credit Mutuel, La Banque Postale, Societe Generale) and 6 remittance service providers (MoneyGram, OFX, Remitly, Western Union, Wise, Xoom) between 26 January 2024 and 1 February 2024, using their 'standard-equivalent' account offering (the one most comparable to Revolut's Standard account). We found Revolut to be up to 3 times cheaper (and in reality, sometimes even more) when doing an international transfer of 500 EUR from France to 4 different currencies.
  • Research Methodology

    The data for the research was collected between 26 January 2024 and 1 February 2024, using various data sources including: customer accounts in these service providers, which we used to simulate a money transfer and mid-market rates provided by Google Finance. We calculated the 'cost to transfer' 500 EUR and 100 EUR to USD, CAD, CHF, and GBP using each of the aforementioned providers. What are the costs of sending a transfer? The cost to transfer can be broken down into two components: the exchange rate markup, and the transfer fee: ● Exchange rate markup: sending money internationally often involves two different currencies: the currency you’re using to pay for the transfer, and the currency the beneficiary will receive. For this reason, international transfers generally include an exchange rate. The difference between the exchange rate offered by the provider and the market rate (like the one you see on Google Finance) is called the “markup”. ● Transfer fee: this is the fee the Provider charges you to send the money, after any currency exchange has been performed. It’s usually a combination of a fixed fee and a variable fee based on the amount of the transfer. The difference in the final amount transferred to the recipient if a transfer was done at market rates with no fees and the amount received if done through a service provider was calculated as the “cost to transfer”. We then compared the average of the other providers’ “cost to transfer” with our own costs. If a competitor charged fees separately from the transfer amount, the mentioned exchange rates and fees were used to calculate the adjusted transfer amount for a standard comparison.

Cost of transfer for 100 €

The costs are shown in the receiving currencies for a transfer initiated from EUR

EUR - USD
EUR - USD
EUR - GBP
EUR - GBP
EUR - CAD
EUR - CAD
EUR - CHF
EUR - CHF
Service providers

BNP Paribas

$ 1.30
£ 0.96
CA$ 1.81
Fr 1

Boursorama

$ 1.17
£ 0.83
CA$ 1.44
Fr 0.91

Credit Mutuel

$22.73
N/A
CA$ 30.77
N/A

La Banque Postale

$ 21.66
£ 17.06
CA$ 28.99
Fr 18.57

MoneyGram

$ 1.21
£ 1.69
CA$ 2.90
Fr 2.72

OFX

$ 3.04
£ 2.36
CA$ 3.95
Fr 2.53

Remitly

$ 6.25
£ 2.71
CA$ 6.37
N/A

Societe Generale

$ 8.80
£ 5.99
CA$ 9.46
Fr 7.42

Western Union

$ 1.8
£ 1.61
CA$ 2.55
Fr 1.72

Wise

$ 1.18
£ 0.79
CA$ 1.63
Fr 0.99

Xoom

$ 4.21
£ 3.27
CA$ 5.37
Fr 4.39

Revolut

$ 1.20
£ 0.68
CA$ 1.57
Fr 0.98

Times cheaper

5.33X
5.06X
5.12X
4.24X

N/A indicates sufficient data was not available for comparison either due to the currency not being supported by the service provider or the tested amounts were below the minimum transfer limits.

Cost of transfer for 500 €

The costs are shown in the receiving currencies for a transfer initiated from EUR

EUR - USD
EUR - USD
EUR - GBP
EUR - GBP
EUR - CAD
EUR - CAD
EUR - CHF
EUR - CHF
Service providers

BNP Paribas

$ 6.51
£ 4.81
CA$ 9.03
Fr 4.98

Boursorama

$ 5.83
£ 4.12
CA$ 7.22
Fr 4.55

Credit Mutuel

$23.69
N/A
CA$30.61
N/A

La Banque Postale

$ 22.06
£ 17.41
CA$ 29.07
Fr 18.38

MoneyGram

$ 6.06
£ 6.78
CA$ 11.69
Fr 8.06

OFX

$ 15.21
£ 11.77
CA$ 19.73
Fr 12.65

Remitly

$ 18.66
£ 6.82
CA$ 14.68
N/A

Societe Generale

$ 13.19
£ 10.52
CA$ 15.57
Fr 6.71

Western Union

$ 5.10
£ 5.02
CA$ 7.55
Fr 5.25

Wise

$ 3.78
£ 2.41
CA$ 4.69
Fr 2.74

Xoom

$ 12.59
£ 9.67
CA$ 15.45
Fr 10.97

Revolut

$ 3.75
£ 2.53
CA$ 4.81
Fr 2.74

Times cheaper

3.02X
3.01X
2.83X
2.64X

N/A indicates sufficient data was not available for comparison either due to the currency not being supported by the service provider or the tested amounts were below the minimum transfer limits.

Based on transferring €100 and €500, within your plan's fair usage limits. Comparison with selected banks/service providers and currency pairings. Visit URL to verify the comparison. 18+ T&Cs apply