Banks hide a lot. Especially their fees to transfer money overseas. Now there's a clever new way, with nothing to hide. Digitalization has enabled online (non clandestine fee) money transfer service TransferWise.
The burdensome process of sending money abroad to families has historically left low-income migrants vulnerable to the high fees and transaction costs required for cross-border money transfers. Banks, the oldest players in the industry, continue to charge the highest fees […]