Travel Guides & Information
Money Transfers with Wise
Wise formerly Transferwise is the new way to move your money around the world, as easily as possible, for as little as possible. A better, cheaper, fairer system for anyone who lives, travels, or does business across borders.
With Wise, you should find that your fees are always fair, and you get the real exchange rate. The same ones big corporations and banks get. But with Wise, you get those rates, too.
How Wise Works
Your Step-by-Step Guide
Create your free account
It’s free to create an account with Wise and your recipient doesn’t need to use Wise for you to send money to them. You can sign up as an individual and, if you have a business, you can add your business to your Wise account – on desktop, mobile, or with our award-winning apps - android and iOS.
Tell wise where your transfer is going
Tell Wise who you’re sending the money to, along with their local bank details. You can send money to yourself, someone else, or a business.
Your recipient doesn’t need a Wise account to get their money. Just a bank account.
Pay for your transfer
Pay by credit or debit card or make a local bank transfer to Wise’s bank account in your country. You don't have to link your bank account to Wise (unless you’re sending from Canada or the US).
Leave the rest to Wise
Wise smart technology links local bank accounts in countries all over the world. So often Wise are able to use money from a Wise user sending money the other way around. Wise will give you an estimate of when your money will arrive – usually it’s much faster than a bank transfer.
If you provide your recipient’s email address, Wise will also give your recipient a heads up to let them know your money is on the way. It will go right into their bank account.
How can Wise be so cheap?
Banks overcharge you when you send money abroad. But you already knew that.
So now you're wondering how TransferWise can be up to 8x cheaper?
Wise made a video explainer, to explain.. just that:
Banks and brokers hide their fees on foreign currency transactions
This means that when you buy holiday money or make an international payment, the bank adds a secret fee by offering you a poor exchange rate.
These hidden charges are on top of the stated charge, which is sometimes advertised as ‘free’ or ‘0% commission’.
Most people have no idea how much they’ve paid to access their own money.
Create a Wise account
Create your free Wise account today, click on the banner below: