Working internationally, general traveling often, or having to pay consultants in other currencies, we always come up to this question: what is the best way to send money abroad?
How to transfer money internationally
Working internationally, general traveling often, or having to pay consultants in other currencies, we always come up to this question: what is the best way to send money abroad?
WISE (formerly TransferWise): The smarter way to send money internationally
WISE: transfer money abroad, good conversion rate and cheap fee, the best online money transfer services app.
WISE the best way to send money abroad
How to transfer money overseas
Having used over time several tools, including Western Union, bank transfers, or Paypal, they all have 2 main issues. They are expensive, and complicated to use.
Many steps required, the transaction fee and final rate aren't very clear, a lot of information is required to set up the account or the transfer.
Western Union remains the best (or more like the only...) way to send money to somebody which doesn't have a bank account.
However, if the recipient do have a bank account, the best option is now WISE!
What is the cheapest money transfer app? WISE takes close to no commission and has transparent fees
Using the service for more than 3 years, with great satisfaction. The rate is always transparent, the interface is user friendly, the fee is minimal, and it is processed on time (4 business days with a bank transfer, or only 1 day with the recent credit card payment option). You can even choose to send a defined amount in the origin currency, or in the target currency (i.e., you want to send exactly 400 AED to UAE the next day, paid with your credit card in EUR regardless of the current rate).
How to use TransferWise?
WISE the best way to send money abroad
It also supports numerous currencies – at the moment, you can send (and receive) in all of these currencies:
- Australia AU Australian Dollar AUD,
- Bulgaria BG Bulgarian Lev BGN,
- Brazil BR Brazilian Real BRL,
- Canada CA Canadian Dollar CAD,
- Switzerland CH Swiss Franc CHF,
- Czech Republic CZ Czech Koruna CZK,
- Denmark DK Danish Krone DKK,
- European Union EU Euro EUR,
- United Kingdom UK British Pound GBP,
- Hungary HU Hungarian Forint HUF,
- Japan JP Japanese Yen JPY,
- Norway NO Norwegian Krone NOK,
- New Zealand NZ New Zealand Dollar NZD,
- Poland PL Polish Zloty PLN,
- Romania RO New Romanian Leu RON,
- Sweden SE Swedish Krona SEK,
- Singapore SG Singapore Dollar SGD,
- United States US US Dollar USD.
How to use Wise (formerly TransferWise)?
Cheapest money transfer
You can also receive in the following currencies – not send yet, but it is probably only a question of time:
- UAE United Arab Emirates AE UAE Dirham AED,
- Bangladesh BD Bangladeshi Taka BDT,
- Chile CL Chilean Peso CLP,
- Georgia GE Georgian Lari GEL,
- Hong Kong HK Hong Kong Dollar HKD,
- Indonesia ID Indonesian Rupiah IDR,
- India IN Indian Rupee INR,
- South Korea KR South Korean Won KRW,
- Sri Lanka LK Sri Lankan Rupee LKR,
- Morocco MA Moroccan Dirham MAD,
- Mexico MX Mexican Peso MXN,
- Malaysia MY Malaysian Ringgit MYR,
- Philippines PH Philippine Peso PHP,
- Pakistan PK Pakistani Rupee PKR,
- Russia RU Russian Ruble RUB,
- Thailand TH Thai Bhat THB,
- Turkey TR Turkish Lira TRY,
- Ukraine UA Ukrainian Hryvnia UAH,
- Vietnam VN Vietnamese Dong VND,
- South Africa ZA South African Rand ZAR.
To start, the login process is simple – only use your Facebook or Google account for example, you can then login with a single button click.
Therefore, if you need to proceed to an international money transfer, don't wait to use their awesome service!
International money transfer
For example, I successfully use it every month to transfer my money from my Swiss bank account to my French bank, as I have a better credit card there for the daily use.
I also used WISE for transfer payments to buy a Brazilian bikini in MI MorenaBeachwear's shop in Dubai, payment was even easier than a bank transfer.
Mi Morena beachwear on Facebook
Only had to get the contact bank details, setup a transfer for a fixed target amount, and start the transfer.
Money transfer credit card
Go even further by ordering a BorderLess credit card with your WISE account, a free debit card with which you will be able to pay in all currencies opened on WISE, after having setup a currency account, or any currency in the world with their cheapest international conversion fee.
WISE International Money Transfer A...
WISE how it works?
The cheapest international money transfer service is WISE, a money transfer solution for international money transfer, with both a mobile application for cheap money transfers, and a website that also does cheapest money transfers.
It makes cheaper international money transfers than traditional solutions such as bank wire transfer, PayPal or WesternUnion, because it works differently.
How does WISE works? First of all, they have no physical location, taking the prices down. Then, in order to use WISE, you will transfer money in a local account to their own local account, with a fee close to zero as it stays in the same currency. Then, WISE will use their local account in the money transfer destination currency to make another money transfer to the recipient, thus not converting any money using traditional transfer system, but simply using their own local bank accounts in different currencies, with two money transfers that have virtually no cost.
How to send money with WISE? Simply register using the given link, create an account, and setup a money transfer from your local currency to the recipient’s currency… and follow the instructions. That’s all!
Best international money transfer app
One of the best international money transfer app is WISE, with fees on average 8 times lower than banks.
What is even better, is not the very low fee, but the great market conversion rate. This is where you will really actually pay less, as most banks and conversion services are hiding their fees behind high transfer rates, thus not telling about the real fee they are taking.
That's right, when sending money abroad with a bank, they usually charge a high fee, and apply crazy transfer rates, which are usually far away from market value.
By using WISE, you will save a lot of money on your international transfers. Simply register using below link, download the app, and start sending money internationally.
Android Best international money transfer app
iPhone Best international money transfer app
How to make a cheaper international money transfer
The best way to make cheaper internationalmoney transfer is to use WISE service, which will take close to no conversion fee on your international money transfer.
For example, as per checking date, a cheap international money transfer of 1000 New Zeland Dollars will get you 507 British Pound; a cheap international money transfer of 1000 USD will get you 761 GBP, a cheap international money transfer of 1000 EUR will get you 1135 CHF, a cheap international money transfer of 1000 AUD will get you 938 CAD, a cheap international money transfer of 1000 GBP will get you 1766 SGD, a cheap international money transfer of 1000 GBP will get you 375000 HUF.
International money transfer comparison
Let’s take an example of an International money transfer comparison of 1000GBP British Pounds to Euros:
- 1120EUR will be received by the recipient with WISE,
- 1078.83EUR will be received by the recipient with WesternUnion cash deposit,
- 1092.59EUR will be received by the recipient with TransferGram, plus a 25GBP transaction fee to pay,
- 1113.33EUR will be received by the recipient with WorldRemit, plus a 3GBP transfer fee to pay.
At the end of this International money transfer comparison, it is more interesting to use WISE as first choice, and WorldRemit as second choice.
However, depending on exchange rate, currency pair used, and amount converted, the cheapest service might change, therefore it is always a good idea to compare for yourself what works best in each case, and use the cheapest one – after all, there is no subscription to pay, so you can switch service every time to take advantage of the cheapest money transfer for each one!
WorldRemit, second best result of an International money transfer comparison
Frequently Asked Questions
- Is Wise a good way to send money?
- Wise is a great way to transfer money abroad with good conversion rates and cheap fees. According to reviews, this is the best application for online money transfer.
- What advantages does the WISE International Money Transfer App offer, and how does it compare to traditional methods of sending money abroad?
- WISE offers advantages like lower fees, real exchange rates, and user-friendly interfaces. It compares favorably to traditional methods by providing faster, cheaper, and more transparent international money transfer services.
