![]() ![]() ![]() Some of the most common countries to send money to are the US, UK, Australia, Canada, Mexico, Brazil, Hong Kong, Kenya, and the Philippines. TransferWise supports money transfers from 43 countries, and transfers to a total of 71 countries. Of course, we will also cover security and customer reviews as well. We will explore the different options it offers, as well as its exchange rates and fees. In this review, we will take an in-depth look at Wise and all it has to offer. Of all the TransferWise reviews, Transferly aims to provide the most comprehensive reviews of money transfer options in one place. This is clearly reflected in the quality of the service they provide, from purely technical aspects to customer support. Overall, we can see that the people at Wise are very pleased about what they do. Employees praise the corporate culture, customer-focused methods, and dedicated team working at the company. It is described as an amazing place to work, judging from the company’s page on the employer review website Glassdoor. Today, Wise has offices all over the world and employs more than 1,000 people from 60 different nationalities. The community likens its growth to a revolution in the field of money transfers. Avid fans of the service define it as an invaluable tool for people who make international money transfers.ĭue to its quick rise to popularity and its approach to money transfers, Wise is regarded as a game-changer in the industry. Overall, Wise has more than 50,000 positive customer reviews, which is quite impressive. For example, its mobile app is doing great on Apple’s App Store (4.5 stars based on 19,300 users) and the Google Play Store (4.4 rating based on around 80,000 users). The community refers to Wise as “the Robin Hood of the money transfer industry.” The service currently has over 7 million customers and enjoys overwhelmingly positive reviews. ![]() This is in stark contrast to banks who usually exchange at an above-market rate, using the margin as a fee. That is right - exchange rates at Wise come with a 0% markup. Bank transfers come with low and transparent fees and currency conversion is done at the actual mid-market exchange rates. The service stands out from its competitors by aiming to be more affordable for its users. Wise, formerly TransferWise is an innovative money transfer service that has become rather popular since its launch in 2011. Recurring transfers – Wise, formerly TransferWise is a fantastic option for sending recurring money transfers all over the world.This allows you the ability to initiate the exchange when the rate is in your best interests. Their multi-currency account allows you to hold money in several different types of currencies and convert them at the mid-market exchange rate at your convenience. Multi-currency account – Wise, formerly TransferWise offers a multi-currency account which they call a borderless account.If you have the Wise, formerly TransferWise mobile app, you can also use Apple Pay or Google Pay. Several payment options – Pay the way it suits you best - with a credit card, debit card, or bank account with wire transfers or ACH.However, that cap is lower when you’re sending money from an unlicensed location or using certain payment methods. High daily transfer limits – You can send up to $1,000,000 through Wise, formerly TransferWise if you live outside of the US or in one of the licensed US states.That means your money will be exchanged using the fairest, most transparent rate available without hidden fees. True mid-market rate – Wise, formerly TransferWise uses the mid-market rate for all its transfers.Wise, formerly TransferWise does ask for a fee, but it’s tiny compared to a bank. Affordability – Banks can charge ridiculously high transfer exchange rates and fees.Once you make a transaction for the first time, save the details to make the process faster next time. Easy to use – Signing up for a Wise, formerly TransferWise, account and initiating a transfer shouldn’t take more than a few minutes. ![]()
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