Wise – A cheaper way to send money abroad

Transferring money has never been so fast yet so cheap…!!!

Wise is helping over 10 million customers to transfer their money as 4 times cheaper as any banks. It is even cheaper than PayPal which charges 5% of your transaction amount where Wise only charges 1.3% 4 times cheaper than any bank in the world. Wise is easy to understand and use. You can send money anywhere in the world within a few minutes. And there are no hidden fees so you no need to worry about any additional expenses. And if you get stuck somewhere they 24/7 working customer service who will help you in every situation whenever you need.

About Wise

Wise was founded by two youngsters from Estonia in 2011 with the vision of making international money transfers cheap, fair, and simple. Taavet, who was the first employee at Skype, lived in London but got paid in euros. Kristo worked for Deloitte, also lived in London, and got paid in pounds. But he had a mortgage in euros back in Estonia. They both moved their money with their banks — which had expensive fees and bad exchange rates. They knew there had to be a better way. So they put their heads together and invented a beautifully simple workaround.

A better way to move money across borders

Each month, they looked up the real exchange rate on Reuters. Taavet put his euros into Kristo’s Estonian bank account, and Kristo topped up Taavet’s UK account with his pounds. Both got the currency they needed almost instantly, and neither paid an extra cent on bad exchange rates or unreasonable charges.

There was no waiting, no stress, and no extra cost. ‘There must be others like us…’ they thought. So they started a company, called it TransferWise, and hired a team to build the best way to send money between countries.

As they grew, they realised that people needed more than just money transfers. So they added a multi-currency account, a debit card, and a business account, and changed their name to Wise.

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How to send money

It is just a 6 step procedure.

1. Register for free.

Sign up online or in our app for free. All you need is an email address, or a Google or Facebook account.

2. Choose an amount to send.

Tell us how much you want to send. We’ll show you our fees upfront, and tell you when your money should arrive.

3. Add recipient’s bank details.

Fill in the details of your recipient’s bank account.

4. Verify your identity.

For some currencies, or for large transfers, we need a photo of your ID. This helps us keep your money safe.

5. Pay for your transfer.

Send your money with a bank transfer.

6. That’s it.

We’ll handle the rest. You can track your transfer in your account, and we’ll tell your recipient it’s coming.

Benefits

Wise offers the fastest money transfers at a very cheap cost as less as 1.3% where banks charge a hectic fee of 3-4% and Paypal charges up to 5% of the transaction amount .

Wise also has a real-time multi-currency exchange rate so you get the exact equal amount that was decided in your currency.

They’re on a mission to bring transparency to finance. So they charge as little as possible, and always show you upfront. No hidden fees. No bad exchange rates. No surprises.

It is available all around the world, and they add new currencies all the time.

They have 24/7 customer support.

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