TransferWise was established 2 years after CurrencyFair and appears to be heavily inspired by the CurrencyFair model. Although the two services fit and perform equally for smaller transfer amounts, the larger the amount of money you transfer — the more CurrencyFair is taking the lead, thanks to only charging a fixed small fee. Transferwise charges a percentage of your transfer, meaning larger transfers attract significantly higher fees. CurrencyFair also allows you to transfer an unlimited amount, while TransferWise limits your transfer to $200K.