&gt; Transfers with TransferWise aren&#x27;t instant, they wait<p>Do note that if the market moves a long way while they are waiting they will cancel the entire transaction.<p>This is a very different product to the one offered by your bank.  Your bank takes some risk (and they charge a huge premium which more than covers it); TransferWise makes you keep the market risk.<p>Most days this makes no difference.  On a day when everybody is trying to move money in the same direction, you will notice.