Dutch challenger bank bunq has teamed up with TransferWise to let its customers make fast, low-cost international payments.
Bunq has integrated with TransferWise's API, enabling customers to send money in 15 currencies straight from the bank's app.
Users will be able to send money abroad at the real exchange rate, paying a "small" upfront fee, making bunq "up to eight times cheaper than its biggest competitors".
"Our mission is to free our users from borders and barriers in traditional banking, such as hidden fees. We think TransferWise is a valuable addition to solidify that mission," says Ali Niknam, CEO, bunq.
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