Low costs: for most countries, a transfer fee is calculated
by adding a flat amount under $1 to less than 1% of the transfer
amount. The fee is higher when a credit card is used, transfers
from a bank account or using debit card are usually cheaper.
Your bank may charge significant fees for international SWIFT
/ wire transfer to your Wise account.
banks and other international money transfer providers, for
currency conversion, Wise (Formerly TransferWise) does not charge markups and
uses the mid-market exchange rates.
The Wise website is very convenient. Right on the home
page you can find a calculator that allows you to immediately
determine the commission for an international money transfer,
the site has the
mid-market currency exchange rate tracker
, the FAQs section
is well organized and useful.
The account settings are simple and straightforward, there
are several ways to sign up: register with Wise (Formerly
your email address or using your Apple, Google or Facebook account.
After setting up a transfer,
the transfer rate is guaranteed and won't change for a specified
period of time; unpaid and unconverted transfers can be cancelled.
is the possibility to open the
Wise multi-currency account
, which allows its user
to send and receive international money transfers at the average
market exchange rate and get Australian account number and BSB
code, UK account number, sort code and IBAN bank code, Euro
bank code and IBAN, the US account, wire transfer and routing
numbers and even more; these bank details will enable you to
receive payments from Australia, Eurozone, USA, UK at a very