Since 2011, TransferWise have offered a money transfer service to their customers. They aim for their transfers to be safe, quick and as low-cost as possible.
It is very easy to send money overseas with TransferWise. You simply sign up for an account via the company website or their app. This process is free of charge. After giving some information about yourself and the name and bank account details of the person you are transferring the money to, you simply pay for your transfer and then it is made.
You can place your trust in TransferWise, given that the company is heavily regulated by various countries and authorities globally, by the Financial Conduct Authority in the United Kingdom, for example.
The company keep the cost of their transfers low by avoiding bank fees and by using the actual exchange rate. The fee that you pay consists of a token fee and then a percentage of the amount you are transferring.
If you are transferring from the United Kingdom, you can transfer to a wide variety of countries including in Africa, Asia and Europe. A comprehensive list is available on the company website.
The company offer a particularly innovative ‘borderless account’ complete with the TransferWise debit Mastercard. This account offers customers the chance to have just one account which they can use to complete transactions worldwide. The card allows them to save on bank fees by spending at the current exchange rate. A fantastic service which helps you to track the exchange rate is available, in addition to interesting options for business customers.
The company website is particularly ergonomic and instructive. It can be viewed in a variety of languages. The TransferWise blog covers a wide range of general topics from studying abroad, to living abroad and global finance. Targeted advice and information depending on your specific location is also offered. There is a currency converter available to help you and you can also compare exchange rates.
If you need assistance, you can contact the TransferWise team by live chat and email. You can also give them a call.
You can learn more about TransferWise and also keep up to date with the latest happenings of the company by following their social media accounts. These include Instagram, Twitter and Facebook.
TransferWise has been mentioned by various leading media outlets, including the BBC, Forbes and The Economist.
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