TransferWise is one of the fastest ways to send money abroad as fast as possible and for as little as possible.
When sending money abroad with your banks, they could charge you up to five percent in hidden costs without giving you reasons for these deductions.
TransferWise is up to eight times cheaper than using banks. And they are pretty transparent about this.
In the words of a TransferWise user, Jen Eckardt, “I was pleasantly surprised at how easy it was to send Pounds to England from the USA. It took seconds using my debit card. The fees were cheap and clearly stated. So, much easier than using my bank.”
To see the associated fees with your transfer, open the TransferWise widget (click the link to open in new tab) to see the live breakdown of the fees with time estimate of your fund transfer and compare it with other services online.
With TransferWise, you get the real exchange rate
Most banks and currency exchange companies will tell you that their transfers are either free, zero commission or really cheap.
This is not true.
Banks and other providers add sneaky markups to the exchange rate which means you could be paying more than you should. This could translate to huge hidden charges for you.
TransferWise is different.
“I love how quick and efficient the process of opening this account was. I have saved thousands in commission from currency exchange. I have recommended TransferWise and will continue to recommend it to others”. – Lydiabkn
“I was a little bit apprehensive about sending money through a company that I only recently heard of. But, they have been fast, efficient, and most importantly for me, keep you informed every step of the way.
I will definitely be using them a lot more in the future. Thanks guys”. – Slobhan Collins Aldred
“Amazing. Never using a bank or western union again.” – David
According to another TransferWise user, Anwar Shariff, “good company to send money. They are reliable and pay the receiver instantly with m-pesa mobile or the account of your choice. TransferWise is better than Wave Africa or Western Union. And no one asked me to send money with TransferWise. I discovered it. Tried it and I love it. And to all out there, you’ll love TransferWise with good rates”.
TransferWise use the mid-market rate, independently provided by Reuters, similar to what you’ll see on Google. You’ll pay exactly the lowest possible fee clearly shown upfront which they will deduct before conversion.
This method is smarter than the old world banking system and completely transparent.
TransferWise is trusted all over the world
TransferWise has bank accounts all over the world linked together by smart technology.
For example, if you want to send Pounds to Germany, simply logon and pay Pounds to TransferWise UK account. Then, TransferWise Germany account sends Euro to the recipient. The money actually never crosses any borders.
A TransferWise user, Joanne Heywood use TransferWise to send money to her son in Australia.
“Easy and very quick. Great knowing I can get money to my son in Australia in an emergency”.
TransferWise is shaking up the old system and changing how money moves around the world.
Mike Hunt have this to say about TransferWise: “Smooth transfer of funds into my Euro account!”
According to another user, Lovelyne Chile Kinika “TransferWise is real. Any easy way to transfer your money to any country of your choice. It has helped me a lot”.
Just like Skype is built on low cost of calling and Airbnb let us travel for less. TransferWise is easy, fast, with topnotch security and many people to talk to in case you have any questions. A quick email to their customer service will answer your questions.
Send money abroad cheap and fast
With over four million customers worldwide transferring over 800 million pounds every month, there are no tricks and no hidden charges.
Just money transfer as it should be.
In the words of Paul Chapman, “Excellent value and service. Sending a Christmas present to my granddaughter in Perth. My bank would send 170 AUD for the same Sterling TransferWise sent 188 AUD and it arrived on time. Will always use them in future”.
Vanessa Chilton have this to add “Every step of the way was done with ease and simplicity. Excellent medium for making money transfers effectively. Will use no other in future”.
Carole Gibbs didn’t believe her friend.
“I did not believe my friend when she told me how transferring cash to my account here in Malta would be so quick and easy if I used TransferWise.
I had always used my bank and had to wait three days for the transfer and not get such a good exchange rate. Now, it is a matter of hours with TransferWise. The rate is excellent and charges minimal. I will continue to use this service for as long as I need to. Well done.”
To find out how TransferWise is up to eight times cheaper, just use the TransferWise price widget (click this link) to see your fees breakdown.
Then, use the Compare price tab to compare the price with other services.
Get the TransferWise App
Get all your financial transfers at your fingertips.
With the TransferWise app is similar to a regular banking mobile apps. You can track your transfers on the go, and make new ones in a couple of taps anywhere with an internet connection.
You can see all your recipients with their details and make repeat transfers without repetition.
“I highly recommend TransferWise to anyone especially if you’re in the global niche market and have a need to provide quality services and or products and an excellent way to move funds back and forth to create value and reduce cost like bank transfer fees.
Also the GUI graphical user interface is simple to navigate and less stress to the newbies”. – Ralph in Texas.
“Just started to use this company. Very quick with transfers and the best exchange rates one can get (we live in France).
On the app, I would suggest a balance page just showing the remaining balance in your account as well as the activity tab we have now”. – Simon Parkinson
The TransferWise mobile apps are available for iPhones, iPads and Android devices.
Download the iOS version on the Apple Store and the Android app on Google PlayStore. Don’t forget to always update the TransferWise app on your devices for the latest version.
A honest negative TransferWise Review
I decided to drop this here for new TransferWise users. This is from Rayne, a struggling foreign student.
I made an account with TransferWise less than two weeks ago.
Naturally, I went through their various verification processes to legitimize my account. However, I was surprised to find that my account had been deactivated for “suspicious activity” while I was trying to verify one of my banks.
I am just a student studying abroad, so I know that transferring money from one bank to another foreign bank could not be against TransferWise’s guidelines, so I opted to appeal my deactivation through email.
The conversation I had with the entity’s representatives was straight-forward and respectful. And after a couple of days of dialogue, not only did they apologize and reactivate my account, but they also whitelisted me 3000 pounds worth of money I could transfer without any fees.
Needless to say I was able to get all of my business handled within a day, no extra fees included.
As a struggling uni student, TransferWise is easy and safe. Sometimes, too safe to use, which makes it all the more desirable to use for people who need a company that values safety for its consumers.
I originally chose this company because their representatives took the time to reply in detail to pleading Google Play reviews, and after my small pow wow with them, it is clear they seem to go the extra mile to ensure user safety.
Thus, I am giving them four stars. If you plan to use TransferWise, try to plan your transfer in advance, as the process may be lengthy.
Click here to join TransferWise for free.
If you have questions about TransferWise, use the contact form to reach. I typically respond to my emails in 24 hours.
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