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Transferwise offers fast, reliable and fully transparent money transfers at a small flat fee. It is a simple idea that eliminates red tape and delays around international transfers and allows companies and individuals save in bank transfers.
last updated on 2020-05-26 09:50:51
TransferWise started as a smart new way to transfer money abroad without the crazy bank fees. By building a global network of international accounts, now you can send your money in over 60 different currencies up to 8x cheaper than a bank.
TransferWise guarantees the mid-market rate on every transfer. Instead of using your bank and paying transfer fees plus exchange rate markups
When you use TransferWise, you send money to their account in your country and tell them who you’re sending it to. They then send the converted amount to your recipient from their account in the destination country. The money never actually crosses any borders, which means they can charge the smallest possible fee to convert your money and ensure it arrives safely.
Transferwise try to make is as easy as possible to transfer money overseas. To get started, you’ll need to spend a few minutes signing up online or installing their free app.
Once you’re set up, transferring money is simple. Choose the amount you want to spend, Transferwise will show you their fees up front and tell you when your money should arrive.
Provide your recipients bank details (you may need to verify your identity at this point), then hit send! You can choose to send your money by bank transfer POLi, or use a debit or credit card.
Transferwise will handle the rest. You can track your transfer in your account, and Transferwise will tell your recipient its coming.