Mid-market exchange rates Competitive and transparent fees Excellent user experience
TransferWise acts as a secure intermediary in an international bank to bank money transfer. They charge a low and transparent transfer fee and convert your money at the true mid-market exchange rate. You can pay with a bank transfer, debit and credit card, or even with Apple Pay with the TransferWise iOS app in the UK. In most cases, the money will arrive within 1-4 working days on your recipient’s bank account.
TransferWise is a top choice for international money transfers between bank accounts, as evidenced by the dozens of thousands of excellent TransferWise reviews on Trustpilot. They can send 38 different currencies to 72 countries, and are one of the very few companies who can offer the true mid-market rate. Their low and transparent transfer fees make them extremely competitive.
The cherry on the cake? The TransferWise website and mobile apps offer a spectacularly great user experience, which make everything from signup to transfer simple and efficient.
5 hours ago
by Amit B.
Great service. It is better than expected. Highly recommended to all professionals to transfer money. Fastest + Safest + No headache = Transferwise
5 hours ago
I was unable to transfer my money due to bugs in their software. I don't trust them with access to my money. Luckily their software broke in setting up...Read more
I was unable to transfer my money due to bugs in their software. I don't trust them with access to my money. Luckily their software broke in setting up the ACH payment, and they were never able to access my money. I can't imagine what would happen if the money would have left my account but never arrived, I doubt I would ever see that money back. Issues can happen in building software, I know from experience how difficult it is to make reliable software that talks to that many banks. So I started patiently and submitted a support question through the website with detailed screenshots, stacktraces, request info, etc,etc. One of their support engineers was quick to respond, that support person was fine to interact with. But 5 attempts later I'm still getting the exact same problems, they are ignoring the problems and information that I shared and instead and I'm being told to 'reset my cache', use a different browser without them fixing anything on their side. If I'm already struggling with those obvious broken features, I don't even want to know how the back-end is that actually handles my money. They are clearly not testing well enough. If it takes me that long to convince them that something is broken, I wouldn't trust them anymore with access to my bank account.
5 hours ago
by Maximilien authier
Pay 200frs to the Brazil not arrive. Naked
1 day ago
by Jose Reid
Amazing solution to a common nuisance. I constantly need to move money across 3 countries and TransferWise has been a blessing. Too bad for the monthly...Read more
Amazing solution to a common nuisance. I constantly need to move money across 3 countries and TransferWise has been a blessing. Too bad for the monthly caps, though. Would love to have those raised.
1 day ago
by Noe Isasi
Very efficient with no hidden costs, beats every bank and broker I've tried before.
2 days ago
This company is scam. They have scam and fake companies asking for money and they transfer them quick to their account. They have no option to stop...Read more
This company is scam. They have scam and fake companies asking for money and they transfer them quick to their account. They have no option to stop payment and report scam companies operating in their system. No grievance. Have reported to the government of Australia to ban this money transfer company. I called them and reported that I have lost my money with the scam firm and on their website it said that the money will be transferred in next 3 days they said money has been wired already. I told them how is it possible as it show clearly on my account details that the money is on its way and you can still stop the payment and refund. They said we will look into it and call back but no call back was received.
2 days ago
by Mahesh Makvana
TransferWise is a really great and affordable way to send and/or receive money. It has the least fees possible for sending money and the exchange rate is...Read more
TransferWise is a really great and affordable way to send and/or receive money. It has the least fees possible for sending money and the exchange rate is really great. I would highly recommend anyone wanting to transfer money to use TransferWise as it'll save you a lot of money that you would otherwise have to spend on fees.
3 days ago
Easy to use and trustworthy
3 days ago
Good...but then it went wrong. I had an account with Transferwise for a couple of years. I used it to pay for goods I manufactured in Europe mostly....Read more
Good...but then it went wrong. I had an account with Transferwise for a couple of years. I used it to pay for goods I manufactured in Europe mostly. Absolutely excellent service, until recently I logged in to see my account had been deactivated. I wasn't informed about this. I contacted customer support twice, and they said that the account had been deactivated and I was no longer able to use their services. No more explanation as to why and no way of appealing. Also most annoying is I can no longer access a record of my transactions for my accounts. If Transferwise no longer want to do business with my company, then fair enough - but it's not acceptable to just cancel an account without any prior explanation nor a full reason as to why it was cancelled in the first place. Back to bank charges for me.
3 days ago
It's the quicker way for international money tranfer I found, easy as well as secured.
5 days ago
by Christopher Del Negro
I used TransferWise to send US money to Denmark. It was easy to setup, transparent, and my transfer was completed in 24 hours. Moreover, it cost me less...Read more
I used TransferWise to send US money to Denmark. It was easy to setup, transparent, and my transfer was completed in 24 hours. Moreover, it cost me less than $4 (USD), whereas my local bank would have charged me $50. I am 100% satisfied and would use the service again.
6 days ago
by Ryan McBain
Really easy, fast & low fees. Best transfer service I could find that didn't involve a huge faff or high fees. I transferred 480 euros from UK to...Read more
Really easy, fast & low fees. Best transfer service I could find that didn't involve a huge faff or high fees. I transferred 480 euros from UK to Spain, the rate was excellent and the fee was only around £2. Transaction done around 8pm at night and had confirmation by 06.30am next morning the money had been delivered. During the day they estimate only 4 hours.
6 days ago
by Leon Degney
I have just read some negative reviews about experiences with Transfer Wise.I have written a review previously but, after reading the negative reviews I...Read more
I have just read some negative reviews about experiences with Transfer Wise.I have written a review previously but, after reading the negative reviews I felt I had to return to tell people that events such as were mentioned in the bad reviews would have to be very, very rare indeed. From the 16 May 2016 to 04 August 2017 I have successfully completed 38 transfers via Transfer Wise almost without a hitch. The only problem I have encountered was an internet problem here in China absolutely nothing to do with Transfer Wise. These days transfers are completed inside 30 minutes. I doubt that would happen with an interstate bank to bank transfer in Australia let alone an international transfer to China where everything is topsy-turvy in comparison. I can guarantee that any transfer will be completed well within a day and as previously stated can occur within 30 minutes. In fact, I have had transfers completed within 24 minutes. The fees are something else. My average bank transfer and foreign exchange fees through my bank were ranging from around $40 to $60 Australian per transfer, with Transfer Wise my fees are now around $11 to $14 Australian per transfer. I transfer funds on a two week or sometimes monthly basis depending on the exchange rate. I reiterate, bad experiences, in my opinion, are very rare and in my experience zilch. My advice is to give Transfer Wise a go!
SWIFT AND SIMPLE
Simple et efficace. L'argent disponible en moins de 24h.
Avoid at any costs! Had a horrible experience sending money through this company recently. The advertised exchange rate was really good compared to some...Read more
Avoid at any costs! Had a horrible experience sending money through this company recently. The advertised exchange rate was really good compared to some of the companies I use on a regular basis so thought to give TransferWise a go, however I was proved wrong very quickly as it was a nightmare dealing with them, money was stuck with them for 10 days!! After I made the bank transfer to them the process was showing that my GBP is being converted to Indian rupees and then it changed to GBP converted to Indian rupees successfully and then that's it! It did not move forward, contacted the VERY RUDE customer services and was told no further documentation/proof/id is required and I should just wait and then had the confirmation after 2-3 days that my transfer has been cancelled. Went to TransferWise online login to check what was going on to see that my account has been suspended as well so I could not even log in to see where my money was now and when and how will I get this back. Absolutely ridiculous. Rang them various times to get the money back and to complain and to speak to a manager and was told that they DO NOT HAVE MANAGERs!!!!! Yes I could not believe my ears, such a big organisation and they do not have managers. Would not ever even think of doing any business with TransferWise and will ACTIVELY warn others to refrain from using them as I am doing right now through this review. Also let me say I am not paid by any company to write such a review, I actually don't write reviews, however on this occasion I genuinely had a worst nightmare experience so I have taken time out specially to give them a zero!
If you do not want your wire transfer to get to its destination in a timely manner then you should use this service. Transferwise is so unorganized it...Read more
If you do not want your wire transfer to get to its destination in a timely manner then you should use this service. Transferwise is so unorganized it just becomes humorous after their second and third email asking for more information (that they should have asked for when you signed up for the site) verifying your identity, like a pic of your drivers license. They take 3 days for the transfer and if you want to cancel it at anytime on the phone the guy I got on the phone was rude and told me it takes up to 3 dayd to go back into my account for me to be able to access my funds again. I do not recommend this app and I will never use this app again in the future.
by Khiet Anh Nguyen
Used it twice to transfer from NL-USA, and the experience is just exactly as expected. Precise timing, sufficient updates and super favourable exchange...Read more
Used it twice to transfer from NL-USA, and the experience is just exactly as expected. Precise timing, sufficient updates and super favourable exchange rate.
Easy, safe and fast.
Easy to do the transaction. Reliable service. Very quick transfer of money.
by Wan Husni Wan Mokhtar
The service is very easy to use, in particular the mobile app. The exchange rate is excellent with relatively low fee.
Easy and secure. Good community action with every step of the process.
by M Tigchelaar
I had to make two transfers from the Netherlands to the USA. One small and one fairly substantial - for my doing at least. After reading up on...Read more
I had to make two transfers from the Netherlands to the USA. One small and one fairly substantial - for my doing at least. After reading up on TransferWise and verifying their various licenses to operate on the financial market I decided to give it a try. I have not been disappointed. Money was transferred quickly and for a good fee. Perfect. Served my needs - and yes, I will be using them again.
The transfer was fast, the payment was paired on the partner side of the transaction, the exchange rate was very good and the fee much lower than other...Read more
The transfer was fast, the payment was paired on the partner side of the transaction, the exchange rate was very good and the fee much lower than other means of transfer - so I am pretty sure with 5/5 rating.
Very easy to use and reliable!
by John Cameron
Excellent rates and very speedy!
by Kevin George
Transferwise sends money across the world faster than most banks do to a local account. I use them for both my personal transfers and business transfers,...Read more
Transferwise sends money across the world faster than most banks do to a local account. I use them for both my personal transfers and business transfers, having made several transfers I have never been disappointed. They provide all of this for such a tiny fee it is a no-brainer, I haven't used my bank to transfer funds for the last two years. On a side note, they integrate seamlessly with N26.
by Artur Eduardo
Has worked perfectly for me twice. Definite YES!
by Jan Harald
Brilliant service. Express transfer, literally within 25 minutes, great transfer rate and very well priced. Highly recommended.
by Nicholas Scott
Used it twice so far with no problems what so ever. Very transparent, fast and reliable. Will recommend to friends and family and use again!
TransferWise has excellent customer reviews on Trustpilot, with close to 90% of the over 29’000 customers who have given their feedback rating the company 5 stars. Here’s a summary of what TransferWise customers have to say:
Our users often ask us, is TransferWise safe? Like all the companies on our site, they must meet several safety criteria which make them 100% safe and trustworthy.
TransferWise is a licensed Authorised Electronic Money Institution, and are therefore regulated by the Financial Conduct Authority (FCA) and Her Majesty's Revenue and Customs (HMRC) in the United Kingdom. They offer institutional grade security for their service, including 256-bit SSL encryption with a 2048-bit signature.
As per FCA regulations, clients’ funds are held completely separate from TransferWise’s own business accounts, in so-called segregated accounts. Should the company have any financial difficulties, your money will therefore be safe.
TransferWise employs 600 people across its seven offices around the world. Employees give the company a close to 5 star rating on the employer review site Glassdoor, and describe team as a “great company that is doing an awesome job” full of “smart and motivated people”, a company that is “super customer-focused” with an “excellent culture” that is “something special, something different”. One employee wrote: “The product is honest so there's no trying to cheat customers -- it's work you can feel good about doing.“ Overall, it’s clear that employees love working there and that they feel that they are on a mission to make sending money as cheap and convenient as possible.
TransferWise has raised over $115M dollars from world-famous investors such as Richard Branson and Andreessen Horowitz, which has helped the startup sustain its phenomenal growth rate of approximately 15%... per month!
So, is TransferWise safe? Absolutely, we wouldn’t hesitate to trust them even with transfers of large amounts. In fact, we have used them ourselves for a lot of our own international payments.
1. Create an account: Sign up for TransferWise in just a few moments. You can do this by connecting with your Facebook or Google account.
2. Set up your transfer: Enter how much you're sending and where you’d like the money to be received. You can send to your own account abroad, or to another person or business.
3. Send the money: Send your money to TransferWise with a local bank transfer, by paying with a debit or credit card, or by using Apple Pay.
4. Conversion: TransferWise converts your money at the mid-market rate and, when possible, matches you with people sending in the other direction. That's why it costs so little.
5. Money on its way: The converted money is sent to the recipient’s bank account. Everyone gets notified by email, so you always know where the money is.
|Time to open an account||A few minutes|
|Type of service provider||Online money transfer operators|
|Headquarter||London, United Kingdom|