What are the cheapest ways to send money from my U.S. LLC to my home country?
I'm spending $40-60 per international wire transfer when you add up Mercury's fee, intermediary bank charges, and the receiving bank fee. I send money home twice a month so this adds up to nearly $1,000-1,400 per year just in transfer fees.
What are the cheapest alternatives? I've heard about Wise, OFX, and Payoneer. Are any of these practical for a foreign-owned LLC? I just need to convert USD to GBP and send to my UK bank account reliably.
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