Wise is a new way to send and receive money from abroad while bypassing the banks to avoid huge fees and unfair exchange rates.

Wise uses the real mid-market exchange rate when you transfer money abroad, and they only charge a small service fee that is shown up-front.

Step 1. Create an Account for TransferWise
Step 2. Setup a Transfer
Step 3. Enter the recipient’s info
Step 4. Pay for the transfer
Step 5. Track the status

How does it work?

Step 1. Create a Wise Account - Click Here
The first step is providing your transfer details — how much money you wish to transfer, which country you’re sending it to and who will receive the funds. Click on “Get Started” and Sign up for "Wise". You can do this by connecting with your email address or via your Facebook or Google account.

Step 2. Setup a Transfer
Now, Choose the country you want to send money to and enter the amount who want to send. The amount in recipient what you see is the amount that will be delivered. Click on “continue:” and Fill out your personal information for an account which is required only first time.

Step 3. Enter the recipient’s info
Fill out your recipient’s information, name, mobile number and bank details.

Step 4. Pay for the transfer
Next, you’ll pay for your transfer. You can send your money directly from your bank account using Sofort or by using your debit or credit card or sending money via bank transfer to Wise's bank account or other payment options too. You will also receive an email when it is sent and when it is received.

Step 5. Track the status
In Activity Tab, You can track your transfer details, status & can download the PDF receipt.

TransferWise Overview: 

Attribute	Value
Min. Transfer Amount	Nil ( i.e. More than transfer fee )
Exchange Rate Updates	Best ( realtime mid-market rate )
Transfer Fee	Up to 0.9% ( Varies based on currency n amount )
Transfer Methods	Bank Deposit
Transfer Speed	1-2 business day
Payment Options	Bank deposit, Sofort, Credit/Debit card ( Visa, MasterCard ), PayPal, Amex, etc.
Customer Service	Phone, Email, Chat

 

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