Whats is TransferWise?
TransferWise is a global technology company that’s building the best way to move money around the world. More than 5 million people and businesses have stopped using banks, and traditional providers, because TransferWise is cheaper, faster, and easier.
Huge companies and banks use TransferWise technology too, an entirely new cross-border payment network that will one-day power money without borders for everyone, everywhere. Over five million people use TransferWise, which processes over £4bn in payments every month, saving customers over £1bn a year.
The mission Money without borders - instant, convenient, transparent, and eventually free. TransferWise is powering money for people and businesses in their increasingly global lives - to pay, to get paid, to spend, in any currency, wherever you are, whatever you’re doing.
Is TransferWise safe?
Naturally with any situation where you are trusting your money with a company you want to know it is in safe hands especially when that company is purely web-based. The above idea of sending money to a company and them promising on sending it to you from a different account can cause a little anxiety but Transferwise does not actually hold your money themselves they are held in reputable banks in the countries they operate so you have the same protection as if you were living in that country yourself.
How does TransferWise charge such low fees?
Because they don’t actually transfer the funds across borders there are far fewer fees for them which means far fewer for you!
Is Transferwise Cheapest Way To Transfer Money Between Countries?
Yes probably, of all the options I have seen it wins in a straight head to head comparisons.
- Create your account FreeHold 50+ currency balances - Free
- Get a UK account number and sort code - Free
- Get a U.S. routing and wiring number - Free
- Get a European IBAN - Free
- Get an Australian account and BSB number - Free
- Get a New Zealand account number - Free
- Receive money in EUR, USD, GBP, AUD & NZD - Free
- Transparent with fixed fees
- No monthly/subscription charges
- Safe and credible
- Easy to use interface
- Fast transfers
- The payer doesn’t need a Transferwise account
TransferWise Rates & Fees
Unlike most banks/money exchange services, Transferwise are actually totally transparent with their fees. They charge a percent of the transfer amount and a flat fee for certain currency exchanges. The fees and percentages are calculated on currency exchanging. Here is an example as shown on their website.
"Transferwise has low fees, a transparent pricing structure, and is stripping all the complexity out of international money transfers."
Want to enjoy the benefits of access sing TransferWise from an easy, limitless, low-cost neon account? Get yours here.