Introduction
In today's digital age, when people go abroad to study, work or do business, one of the biggest needs is to send money quickly and inexpensively. Wise (formerly TransferWise) was created with this need in mind. It is an online platform that allows you to send money to any corner of the world in a cheap, transparent and secure way.
What is Wise?
Wise is a fintech company that makes international money transfers easy and affordable. Wise charges much lower fees than traditional banks and transfers money at the real exchange rate. Meaning, you don't have to pay hidden charges or additional margins.
How Easy is Sending Money?
The process of sending money on Wise is very simple and user-friendly. All you need to do is create an account on the Wise website or Wise app, enter the details of the person you want to send money to and then enter the transfer amount. That's it! In just a few clicks, the money is sent abroad — fast, trackable and hassle-free.
How Safe is Wise?
This question comes to the mind of many, and rightly so. Wise is regulated by financial institutions in many major countries of the world, such as FCA in the UK and FinCEN in the US. Meaning, your money and information are completely safe.
Why Choose Wise?
Low Fees
Very low transfer fees compared to banks.
Real-Time Rates
You get the same rate as shown on Google.
Fast Transfer
Sometimes money reaches within a few hours.
Transparency
No hidden charges, everything is explained clearly.
Service in 150+ Countries
It is possible to send money to almost every corner of the world.
For Whom is Wise beneficial?
Wise is ideal for all those people:
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Those who send money to children studying abroad.
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Those who are freelancers or remote workers and have to receive payments.
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Those who send financial aid to family or friends abroad.
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Those who run global businesses and send payments to clients or vendors.
The Bottom Line
If you want to send money abroad in a fast, secure and cost-effective way, give Wise a try. The interface is simple, the service is great and most importantly — it saves you money. Today when everything is online, why not money transfer? So, the next time you need to send money abroad, skip the long bank queues and hefty fees, and be smart with Wise!