Wise (ex TransferWise) Reviews

by Fadious

This company took $10k USD from my account and then closed my account without any explanation and customer service does not answer anything on deactivated accounts according to their joke of a customer service line. Don’t get fooled. This is just a scam company.
So now they reply to this review by saying that they will refund my money once they do their ´due diligence’. Why did they not do this due diligence before they took my money. The fact is they did do their due diligence and stole the money. Then you go to their website and it says that they can take up to 90 days to refund the money. So basically, instead of wiring my own money from my account to my other account, they get to keep my cash for three months and I am lucky if I get it back. This is what they have done to all their customers. It is a systematic way. This is the system. This company is the biggest fraud I have personally encountered and hope that people read this review and never use them. I also wish Apple would take this seriously and investigate this fraudulent company.

by DaMarCas

I used wise for over a year, worked good for me. Until two weeks ago when I received a payment with the concept “Payment Venezuela” and they just shutted down my account and retained all my money because no transaction can be made related to Venezuela. And it’s ok that policy, I get it. But didn’t even ask me for an explanation… I am not doing business related to that country, I work as a freelancer currently living in Italy and the transfer was made from a guy in Spain that has a Instagram page about that country. So I don’t know how am I breaking the rules. But as I said, no explanation was asked. So my account was closed and didn’t even receive an email or a call… nothing. None contacted me to inform me that my balance was closed. I had to call and received the notice that was closed and that I can’t appeal to reopen the balance. At that point I just wanted my money back. But, when I tried to fulfill the file to request my money, it wouldn’t let me. So I sent my info via email two weeks ago and the costumer service lady said that the info (my bank account details) would be forwarded to the proper team and up to date nothing has happened. I’ve sent several emails and no answer has been made. I need my money back and it’s impossible…

by I Dont Like Wise Anymore

TL;DR: Don’t use WiseexTransferWise, you’ll simply waste your time. 0 stars if possible

So I opened a TransferWise account a few month ago to send myself money from my USA account to my Thailand bank accounts. I made the mistake to use apple’s hide my email feature during sign up. Wise deactivate my account without sending me an email. So when I need to send money I wasn’t aware my account wasn’t working until it was too late and I ended up look like an idiot. I might be so who know. Anyways I left a comment and Wise responded saying, I should appeal my account deactivation. Which I did and they kept it shut.

So months later, I’m opening an account with OpenCollective, a site where my company can publicly receive donations and contractors can request payments from set donations. Turns out that they use Wise to transfer the funds from my company account to my contractors account. I begrudgingly opened a Business account knowing how last time went…. And guess what? My business’ account has been shut down and I don’t know why and I needed to pay my contractors today. Also no email. I’ll go back to using Remitly. They have helped me for the past few months and I haven’t had any issue with them. I’m not endorsing Remitly and this is not a paid add, just look at the review on App Store, Remitly has more downloads and 5 stars, wise is slowing loosing the 5 stars.

All in all I’m done, gotta go pay some hardworking men and women. Good day.

by Nickname_nicknamerson

If you need to send money abroad, especially to someone in Ukraine who is a war refugee and desperately needs funds to cover basic needs, do not bother to do business with this company. You input all the info, they initiate the transfer, then they decide to verify you without giving any specific reason why, instruct you to look for that info + how to fix it in an email that never arrives, give you unreliable estimates for how long it may take to verify you and then, after a few days of keeping you waiting, they simply cancel the transfer. No reason given whatsoever. Meanwhile your money has been taken out of your account and it will take several business days for it to be returned. Oh, and don’t bother calling because you will grow old waiting on the line. You may be luckier via chat but the representatives will be absolutely useless and will only give you standard answers that they probably copy and paste from some communication manual they’re given. Absolute garbage.

by Navyman21

When you call their phone number, you get a rep in a foreign country that has very limited ability to do anything !! Basically, they’re just incompetent script readers. They’re technology doesn’t work !! I can’t even get simple “push notifications” on my phone and their own reps confirmed my notifications are set up correctly. And I have a BRAND NEW IPHONE 13 !! So it’s not like I have outdated technology or something ?? Called 3 times over a week and 1/2 requesting their I.T. department reach out to me for help and nothing !! No follow up, no email, and no phone call !! One of their reps didn’t even know that “push notifications” was an option ?!?! Seriously Wise ??? If I can’t get something as SIMPLE as a push notification to work, do you REALLY think I’m going to trust you to hold my money ?? Receive my paycheck ?? Or allow you to transfer money to my bank account overseas ??? DEAR WISE, YOU’RE A JOKE AND A SCAM !!! And no, I’m not going to reach out for help on WiseexTransferWise or social media…. I tried that 3 times and YOU FAILED !!! I’m closing my account and making sure that NOBODY opens an account with you !!! 😡😡 You should NOT be in business !!! You need to be shut down !!!

by Sanbr87

So I have this account for a long time. I got married and I don’t have my marriage name on my passaport a couple monthly ago they asked me to verify that. A send my drive licenses with my my actual married name on it after that a got my account working... a couple of days ago I needed send money to my family in another country and for my surprise I couldn’t get it done because they were asking for me to verify my account again. I call them and send my marriege certificate and other documents. So they send me a email telling image quality wasn’t good enough. Ok! I call them AGAIN! and send the files, the person that was in the call told me that the files was good quality and it shouldn’t be a problem anymore. Couple of hours later I got another email saying that they could not verify my account and I should send my documents AGAIN!.
Look a don’t know what is going on! It looks you guys are holding the accounts for us not to send money right now. It’s is pretty bad! I need to send money for my family that are in need because what’s going on with this Coronavirus.
I don’t see this company is helping us customers go though this. I’m very disappointed.

by Badbluesman

I spent hours over the weekend trying to add a new recipient. However WiseexTransferWise would never accept the person’s street address. After trying 8 or 9 versions of the address, I finally closed WiseexTransferWise and reopened and started all over (a very time consuming process). I finally was about to set up my new recipient. The next roadblock came when I tried to send money to that recipient. I already had a bank account linked to another recipient, but apparently you have to set up your own bank all over again with each new recipient. I did this. The transfer appeared to be underway, but was flagged. An email said that it “needed attention.” When I tried to go to that transfer, I got stuck in an endless merry-go-round in which it would say you must go to TransferWise online to solve the problem. When I did, it just sent me back where I started. After repeating this 5 or 6 times, I tried closing WiseexTransferWise and reopening it to no avail: the merry-go-round continued. And of course THERE IS NO PHONE SUPPORT ON WEEKENDS, so you are completely out of luck. I still don’t know the status of my last attempted transfer. I don’t even know if the money was debited from my account or not! In the future I will be taking my money transfer business elsewhere. I would NOT recommend TransferWise to anyone. There are plenty of other services to choose from.

by Nujabeat

where do I even begin with WiseexTransferWise? I used them for almost 3 years with no issues until recently. Somehow my information got leaked and so I asked to close my account. I was in the middle of a transfer so obviously that didn’t go through so what would you expect next? To get your money refunded back to you, however it has now been almost a week and I have not received my money. I chatted with their “customer service” multiple times, sent many different forms of Identification to prove it was me as well as the statements from my bank showing that they sent the transfer to Wise and yet it’s not enough for them? They also take forever to respond if you send them an email. Their phone service hours are impossible if you live in a different country so you can’t call them. I ask for them to call me and they can’t even give me a specific time on when they will. Absolutely horrendous customer service. I threatened to bring my lawyer into this because it’s a huge sum of money. Once I get it back I’m NEVER using WiseexTransferWise again and I have told all my friends abroad who were using it to quit ASAP.

by Fijiwateryum

I’ve used WiseexTransferWise many times over the few years to internationally send money to family- it has always been great until recently. The “mandatory form” required to sign yearly and to every new recipient is from a 3rd party “Exchange4Free,” which takes forever to actually email the form and this results in complications with the transfer, which of late, has resulted in having to cancel transfers. I don’t think these “Wise” and “Exchange4Free” are in proper communication, which makes me think that wise (to maintain its credibility) has no idea how long the forms really take to reach recipients. When contacting wise, their customer service has always been awfully bad- no real interest in assisting clients and no real help whatsoever, leaving you with no option but to cancel transactions. I really enjoyed using WiseexTransferWise in the past and hope that major improvements are made as I am very tempted to find a different company for my international transfers. It is supposed to be a “quick and easy” way to send money but has taken weeks, which makes one consider using your actual bank- even their steep fees would be worth the hassle.

by Ricky1066

I have used Wise for the past 18 months, and its utility has dropped in the past six months or so. Previously, a transfer from the United States to Thailand would be accomplished within hours, and sometimes within minutes. But now, even the most minor transfer takes days. That is so despite the fact that at each step of the transfer process, the Wise app tells me my money should arrive “in seconds.“ But when all the inputs have been made and you actually hit submit, suddenly you are advised that your money will not arrive for two or three days. It’s like a bait and switch.

Moreover, for many of us living in other countries, it is important that the money be received as a “foreign funds transfer“ for immigration or visa purposes. But using wise you never know whether the money will be received as a foreign funds transfer or a domestic intra-bank transfer. For both of these reasons, I have tended to use a normal wire transfer from my American bank to send money to Thailand because I just cannot rely on Wise anymore.

by TonyShear

So I clicked Apple Pay and the screen glitched and it literally charged my first card which was a credit card. I did notify a representative and he told me it’s possible that I could incur a fee but why should I. The fee is from a US bank but not them. I am disputing this as this wasn’t the card I wanted and it never let me scroll my cards. Charges have been incurred due to a cash advance fee. I refuse to pay the cash advance fee. I would get someone to look at the Apple app feature even thou I would never ever use it again. Other than that everything else seems to work fine. I just connect my card directly now.

Now for WiseexTransferWise and the service of TransferWise I think it’s great and even thou It started on the wrong foot, I think the idea and the service is wonderful. I spoke to Alan and he walked me through everything and made feel very comfortable. Don’t take my three stars as for the service which is 5 stars but take the 3 stars for app. The Apple Pay option made me real nervous.

by Lanni88

I’ve availed TransferWise service for several years now and had great results. Although recently I had an unusually untimely transfer (4 days). In addition I was a bit confused by the overly long estimated time conveyed by TransferWise on a subsequent transfer (6 days) but after submitting the transfer and to my surprise I received the funds in less than two hours, which is about the speed in which I normally receive the funds. I want to clarify my previously poor feedback toward TransferWise. The service I have received is for the most part Great! My only complaint is the recent estimate for the completed transfer. I understand your companies position that it would be better to over estimate the transfer timeframe and deliver the funds earlier than proposed, and I’m trying to wrap my head around that logic because that works great for most people I’m sure. But... in my situation an estimate of 6 days for a Debit/ACH transfer leaves me wanting to initiate my transfer 5 days early, but If the transfer completes in only a few hours it then creates another issue with my billing cycle at my bank and fees. Overall I rate your service as highly recommended. I will just have to cross my fingers and hope the funds arrive as they have in the past.
Thank you,

Lon

by Tomaszy

I have very few complaints with TransferWise and WiseexTransferWise. It generally works as advertised and I have used it for a number of months now with few problems. One glitch is TransferWise’s interface with banks (U.S., at least), which sometimes does not recognize your account has been verified and asks to reverify it by confirming a couple of micro-deposits - a process which can take several days. However, if you cancel the transfer which prompted the request to reverify, then try it again, this has always resulted in a successful transfer on the second attempt for me. Both WiseexTransferWise and desktop version of TransferWise also have trouble sometimes dealing with verification questions used by many banks. One additional feature which would be useful for WiseexTransferWise (essential, in my opinion, for a 5-star rating) is the ability to download a pdf receipt for a transfer, showing all relevant account information and date/time of the transfer events, as you can from the desktop web site. Despite the above issues, I’m satisfied with my experience and TransferWise is an excellent alternative to international bank wires, especially for smaller amounts.

by AndreaD_house_hunter

In the last few years I had no problems at all transferring many larger amounts than this. Two transfers from the US in earlier April went smoothly in about two days — to 2 separate accounts in Turkey. But then the 3rd transfer took forever and is still in limbo today. WiseexTransferWise said on April 19 the money would be transferred (no time mentioned). But the Safari web page on my iPhone said 2 pm local time and then later it said 5 pm that it would be done. The link to my recipient says yet another time — early this morning!

I discovered who the culprit was. It was the Turkish bank. They didn’t like one of the words used in my note about the transaction — yet they never contacted the recipient of the money about why they were putting a freeze on the funds. As a result we had to spend another 5 days in the hotel. Trying to close on a property purchase was impossible until we went to one of their branches and explained the transaction. Then they unlocked the funds.

by Demingfan1

Currently I am using this account for personal finances, not business.
First of all, let me say that I, as a US customer, love having the ability to have an account where I can convert USD to GBP & Euros. AND to now have a debit card for traveling is fantastic. My husband & I are planning to move to the UK part time in retirement and using Wise will provide me the ability to manage our finances wherever we are.

Maybe it’s just me, but I think that because WiseexTransferWise is designed by UK banking, WiseexTransferWise is not as intuitive as my regular US banking app. For some reason, it’s difficult to navigate and find the transaction that i want to make even if I’ve done it before. I find myself going to the help section a lot. In addition, there is no way to create a joint account- I am able to add my husband as a “helper” but he doesn’t have full joint privileges. He will have full inheritance rites and the ability to use the account, however, I’m not certain what his limits in using the account are. I had to contact Wise Banking through the help number and they e-mail the form & directions because actual signatures are required - which is fine as these are regulatory safety steps.

I do highly recommend Wise and Wise was recommended to me my dear friend in the UK. I’m sure I will learn how to negotiate WiseexTransferWise better with time.

by Green1956

I can not praise TransferWise and their AP more and no this is not a fake review. I have been trying to transfer money from Europe to the US for months without any success with regular banks who blamed each other for the problems and would not work with us to find out why the transfer was not working. TransferWise worked the first time and moving funds from one currency to another was so easy. There are fees but the exchange rate with TransferWise is much better than any traditional bank will give you. Every time I sent a question to TransferWise they responded very quickly and also have fast service when you call them as well. The AP is well designed, does not freeze or crash. If you need to work with funds in multiple currencies TransferWise is the way to go.

by Brbarlow

Half of my family lives in Switzerland so as banking services leapt ahead with technology, it was frustrating to see international money transfers stay in the 1990s during the Age of Venmo. $35 wire transfer fees? No thanks. Visiting a branch? Yeah, how about no. Paying crazy fees for currency conversion when sending money? Outrageous. Downloaded Wise and holy cow, my wishes were granted. It’s easy! It saves your info. The transfers are fast. It notifies you all along the process. The fees are a fraction of my old wire transfer days… usually under $10. It was actually so easy that I legit thought I was doing something wrong and sent a small amount as a test and was surprised it actually showed up. Since then, I’ve transferred to various accounts for my family overseas in small amounts and larger amounts and it’s never been anything besides great.

by MPS71717373

I’ve used WiseexTransferWise 6 times over the last 5 months the send money from the US to Thailand. 5 of the 6 times the money was sent within hours of them notifying me they had transferred the money to my account. On the 6th time there was a delay of about 24 hours which is still quite fast.
I would like to add that the notification/receipt they send is based on their bank setting up the transfer. However, that bank my still take some time to actually transfer the money. In my case the first 5 transfers happened within an hour or so of the notifications being sent. The delay on the 6th transfer had me initially concerned. I contacted my bank and the transferring bank and both said the transfer could take up to 7 days based on the banks policies. If you don’t see the money right away after you get the notification/receipt it might take a day or two for the transfer to complete.
Best regards.

by GT-Marenti

I’ll speak solely with what I have used Wise for.
In my case, I found WiseexTransferWise looking for an efficient method to transfer money between my USD and EUR accounts.
I live in Spain, but I used to live in the US. I constantly need to transfer USD to EUR for my everyday expenditures here in Spain, but I also need to transfer EUR to USD because of stuff that I still pay with my US credit cards.
Wise has been my solution for that. And how magnificent has it been.

The interface is great and easy to understand. The pairing with my Bank Accounts was fast and easy. It remembers the previous transactions that I’ve made in case I want to repeat the same amounts, I can do it with just 2 taps. And it ALWAYS gives me the best rates. I often check the current official price of USD to EUR (or viceversa), and Wise’s exchange rate is always extremely close to it. Which is great. It means you save more money.

I’ve also had to contact Customer Support once in the 6 months I’ve used Wise, and my experience was great. I really have no complaints in regards to the customer service experience. I called with a problem, and they gave me a solution on the spot in just 15 minutes. Good stuff!

I’m very much looking forward to recommend and keep using Wise for currency exchange between my accounts in the foreseeable future!
If what you were looking for is a service that allows you to do exactly this, then look no further 👍🏼

by SlickVick82

I waited for nearly 6 months before writing this review to be sure I was 100% satisfied with Transferwise.

I move money from London to Mexico, and from London to USA on a monthly basis. I’m a remote worker who lives between Mexico and the US but work for a London-based company and therefore am paid from London. I use Transferwise (and the London-based account that I’ve setup via Transferwise) to accept my direct deposit and then move my money to my accounts in Mexico or the US, depending on where I am at any given time. WiseexTransferWise works rather flawlessly and it has insanely fast times - faster than a normal bank-to-bank transfer at a very, VERY reasonable cost.

WiseexTransferWise allows me to send money to any of my accounts to ensure I have money to spend, money in savings, and money in other accounts which I use for bill-pay.

This is an excellent tool that I cannot recommend enough. I’ve had no problems whatsoever and when I called customer service once to inquire about certain types of transfers, they were extremely transparent and down-to-earth.

If you need to transfer money between countries - whether to yourself or others, this is a must-have app. Thanks again, your service is cost-effective and highly valuable to me. A great tool that I cannot say enough about.

by 83craig

Be careful. I tried transferring funds internationally with the ach bank wire transfer option. I was repeatedly denied as it said my bank account wouldn’t allow this transfer, though I had transferred before. So, I decided to use the debit card option and the transfer went through immediately after verification with my bank. So, problem solved right? Wrong! Just got a notification today that my bank account is over drawn over $400. Hmm.. well apparently the transfer went through even though it repeatedly told me it was impossible, which is why I used the debit card option! So now there is a double transfer and I have r to wait weeks before getting my money back from over seas. I’m just lucky I trust the other person who is receiving the money, but it’s still going to take time to get my money back..

Oh but whats even better is that transferwise notified me telling me I need to cover the overdrawn balance soon because if they bank recalls the Payment from transferwise then I’m on the hook for the money from transferwise..?.

Oh but at least they gave me a free transfer up to £500 on my next transfer... yeah right!!

Transferwise Just really screwed up a lot of stuff with their app and really sent a lot of things I had going on now out of place and now I’m going backwards with other things because I have to cover this over drawn amount.

why don’t they get their app right???

Be careful with trusting them..

by Excellent 2018

In many occasion, I’ve tried to send money to relative in Brazil... sometimes successfully but mostly not or long delays... I’ve heard about this from an employee of another company ( competitor) as they could see how desperate I was to find a solution. So I decided to give it a try. Originally they said money was going to be there in 2 days, so I tracked it many time a day with WiseexTransferWise ( very easy) and less than 2 days later money was on my relative bank account... what a relief... if I had doubt before, based on my past experience with others ( bank, WU, money gram), now I’m convince... and I’m not talking about saving... this is another very positive element... we get better guaranteed rates and less fees... what can you ask more.....
Great tool to have

by Onlyvexa

So, I’ve been looking for an easier way to transfer my funds from my Canadian account over to my US bank account. I some how stumbled across WiseexTransferWise and my god, was it such a quick and painless transfer , it costed me around 41 CAD to get 30 USD , which is amazing, money saver for sure, and it only took a few business days! I also ended up messing up my bank details, which I contact the customer support via email, and they switched the information for me THAT DAY! I’m literally not joking when I say that WiseexTransferWise is a life saver, thank you SO much for the easy transfer , and I will be sure to refer as many people to WiseexTransferWise if they are in a pickle about transferring money over seas. Once again, thank you so very much TransferWISE 😍

by Leonardocsouza

I usually transfer money from my bank account here in the US to my bank in Brazil via a wire transfer through my regular bank here. The problem? Hefty fees, often crazy conversion rates, and about a week of waiting until my money arrives there.

TransferWise seemed too good to be true, but I downloaded it anyway to try it out, setup everything and transferred some money to my account in Brazil to see how it would work. It was exactly as promised. They told me the exact fees upfront (waaaaaay cheaper than my bank’s wire transfer) as well the conversion rate. In less than 24 hours the money landed at my account in Brazil, with them keeping me informed of every new step along the way.

Terrific service. Bye bye bank’s wire transfers. Hello TransferWise!

by Tom Bonneau

I use this for my US business to pay non-US vendors plus to send money to my non-US fiance and it is by far the best. Fast transfers and great rates. And the verification process isn't torture like for many other financial services platforms.

How great are they?

You can check to see how their rates compare before transferring. Before my last transfer to my fiance they show me Xoom actually has a better rate and up front say "Hey we like to be honest and right now it seems you can get a better rate elsewhere."

I almost just finished the transfer with them on principle, but I happened to already have Xoom set up and had been wanting to try them out.

Process was easy with them and i deed I was saving like $40. Cut to a few days later the morning my Xoom transfer was supposed to hit. I get an email from Xoom saying compliance flagged this transaction and cancelled it. Email so-and-so if I've think it's in error. No explanation. No we need to validate XYZ. Horrible customer service.

So I pop back over to Transferwire, enter in the transaction and my fiance gets the money SAME DAY. I was blown away.

These guys rock. I'll never use any play from again regardless of rates.

by Risskovianer

As a regular remitter, TransferWise takes care of two common grievances: fees and, if needed, communication with the wire transfer back-office. Using TransferWise, neither delivering nor receiving bank charges a fee. This is particularly valuable when dealing with a small bank that uses a bigger bank as an intermediary. Typically, the small bank offers you - the customer - all kind of free services, but the bigger intermediary bank, which doesn't know or care about you, slams you with fees. TransferWise is both sending and receiving "financial institution" and eliminates the bank fee nonsense. My saving per transfer (not counting the exchange rate) is a whopping 93%. If there is a problem, one can speak with a service rep - in effect someone in the wire back-office - which is impossible in the banking world.

by Omorillon

I first started using TransferWise a year ago and the experience was ok to say the least. It was difficult to setup a recipient’s account number (my bank is in Mexico, it will be different for your country) and it asked for all kinds of numbers. I finally gave up and stopped using WiseexTransferWise .

A year later I decided to give it another try and I couldn’t be happier with the experience. I was able to setup the account with a single number. The money was deposited sooner than the original estimated 3 days.

I have compared this service to a few others and this is by far the best and cheapest way to send money overseas. I’ve already saved about 25 USD in my first 2 transactions. It might not seem like a lot but over time it does make a difference.

WiseexTransferWise is so much fun to use, I love that I can use Apple Pay to send money and I only see what I need to see, no more, no less.

One thing to keep in mind is that money doesn’t get to your account right away, that’s not an issue for me. If you’re having emergency you may want to use a different service. Again, this will depend on which country you’re sending money to.

Kudos to you guys for making TransferWise such a joy to use.

by Steller Man

My son goes to to uni in Scotland and I need to regularly send money to him from the States. This service is awesome. I've been using it for about a year and a half and transfers used to take about three days to complete which was quite acceptable but recently they are just taking about 8-12 hours to complete which it wonderful. Thanks so much for the best money transfer service out there!!

Some people claim Bitcoin is better for such money transfers. I totally disagree. TransferWise shows you exactly how much it costs and the other side gets exactly the amount you wanted to send. The small service charge is cheap for the peace of mind you have. Also transfers can be easily proved to the IRS if needed and since I'm transferring money for legitimate reasons from legitimate sources, this is a big plus.

by OzzieMBL

Honestly this is my first ever review for any sort of application. Like most people I was skeptical about Transferwise. At first I could not believe how insanely low conversion fees were and that I was getting a really great conversion rate. I got my borderless debit not too long ago and I still can't believe how convenient it has been. I currently go to medical school in México and my tuition is priced in pesos. I used to use Xoom and before that Western Union. Both charge an arm two legs plus the currency exchange rates are extremely horrible. The problem with those services is that they tack on another $5 dollars or more and I have to be carrying cash. That exposes me to more risks such as robbery, extortion, sequestration, death, etc... Also some places don't always carry what one sends... The borderless account allows me to safely carry money, in several currencies, which gives me peace of mind. There exists no other service that I would use. Why get ripped off when traveling?

by Dr. Alec Harvey

I did quite a bit of research into money transfer apps and platforms and TransferWise seemed to meet all my needs. I opened a Borderless account and have now used it to make several transactions—moving funds between various onshore accounts and converting between currencies. Unless I’m missing something, the platform, the process and WiseexTransferWise all work flawlessly.

With just a few clicks my money is moved into my Borderless account in one country, converted from one currency to another, and moved into an external account in a different country. The fees are low and I get the forex spot rate not some 5 or 6 pt spread between buying and selling that pays criminally high broker fees; I’ve saved literally hundreds of USD on one transaction alone.

With some platforms you pay more to get an easy process; with others the cost is low but you have to jump through a lot of hoops. TransferWise is that rare situation where the process is easy AND the cost structure is low. I love it, easiest 5-stars I’ve given in a long while.

by Monster_486289

I live in Detroit and my boyfriend lives in Toronto, so with all the back and forth I decided to open up a bank account there. Turns out it was going to cost me an extra $40-50 to transfer funds from my Chase account here to my RBC account there. Using TransferWise I believe it was only around $5 and I had the money converted & deposited in my Canadian account within 24 hours when the estimate was 3 days. I'm obsessed with WiseexTransferWise for making it so affordable and easy to convert my funds. After all, it's MY OWN money that I'm sending back and forth! From me to me! I shouldn't have to lose 50 bucks with every transfer. Thank you TransferWise for your fair prices and SUPER EASY user interface!! I friggin love WiseexTransferWise.