If you want to learn how to transfer money with Wise, you are in the right place. Wise is a fast, easy, and low-cost way to send money abroad. Whether you need to pay bills, send money, or shop online, Wise lets you transfer money with the real exchange rate and no hidden fees. In this article, we will show you how to use Wise in a few simple steps.
What is Wise?
Wise is a platform that lets you send money to over 80 countries with low and transparent fees. You can also get a Wise account and a debit card that you can use to spend in any currency at the real exchange rate. No more worrying about conversion fees, ATM charges, or hidden markups. With Wise, you always get the best deal possible.
How does Wise work?
Wise is very easy to use. You just need to sign up for a free account and verify your identity. Then you can choose how much money you want to send, where you want to send it, and how you want to pay for it. You can use a bank transfer, a debit or credit card, or other methods depending on your country. Wise will show you the exact fee and exchange rate before you confirm your transfer. You can also track the progress of your transfer on the app or website. You and your recipient will get notified when the money arrives.
Wise also offers a multi-currency account and a debit card that you can use to hold and spend money in over 50 currencies. You can convert money between currencies at the mid-market rate, which is the same rate you see on Google. You can also withdraw cash from ATMs around the world for free up to a certain limit. The Wise debit card is accepted everywhere Mastercard is, so you can use it to pay for goods and services in any currency.
Registering with Wise
Are you tired of hidden fees and non-transparent exchange rates from your previous providers? It’s time to save cash with Wise. Whether you choose the app or desktop version, registration is a breeze. Download the Wise app from the App Store or Google Play, click “Register,” and complete your account setup. You can also register using Google, Facebook, or Apple ID. Choose between Personal or Business accounts, input your details, and you’re done.
Sending Money with Wise
Sending money with Wise is a straightforward process. Click the “Send” button on the app or the “Send money” button on the desktop. Select your currencies, enter the amount, and get a transparent breakdown of fees and exchange rates. Wise provides mid-market exchange rates without hidden fees, ensuring you know the exact cost of your transfer upfront.
When setting the currencies, add a recipient, providing their account details. If you’re a first-time user, Wise will guide you through a smooth verification process, ensuring compliance with regulations. Choose your payment method, and transfer your money, selecting between cheaper, slower options or faster, slightly more expensive ones.
Payment Methods
Wise offers various payment methods, each with its own advantages. Manual bank transfer is cost-effective but may take longer, while options like debit card or Apple Pay provide speed at a slightly higher cost. Fees for each method are clearly presented, helping you make an informed decision.
FAQ Section
How Long Does a Wise Transfer Take?
Over half of Wise transfers are instant, with ongoing efforts to improve this statistic. However, external factors like your bank’s speed may influence transfer times. Wise may also conduct random security checks to ensure compliance with regulations.
How to Check the Status of the Transfer
Easily check your transfer status on the app or desktop by selecting the desired transfer. All details will be conveniently displayed.
Can I Cancel My Transfer with Wise?
Cancellation is possible if the option is available in your transfer details. Always double-check recipient details before sending money to avoid complications.
What are the fees for Wise?
No subscriptions, no monthly fees. Register for a is free. You’ll always see the fee upfront, and only pay for what you use.
How to send money with Wise
- Register online or in the app with your email address or your Google, Facebook or Apple account.
- Verify your identity with some photo ID, proof of address, and/or a picture of you holding that ID. This usually takes about 2 working days.
- Choose your preferred currency and language, and link your bank account to your Wise account.
- Log into Wise and choose Send. Select where you want to send from and the transfer type (international or same currency).
- Type in how much you’d like to transfer. You can start with the amount you’d like to send or how much you’d like your recipient to get.
- Tell Wise who you’re sending money to. If you have their bank details, add them in and we’ll send money to that account. If you don’t have their bank details, just enter their email address and Wise ask them for their bank details.
- Review the details of your transfer. Make sure everything looks right. You can add a reference for your recipient if you’d like.
- Choose how to pay. There are multiple ways you can pay for your transfer, such as bank transfer, debit or credit card, or Wise balance. Wise let you know the fees for each option, and how long it should take for the money to arrive.
That’s it! After Wise received your money, Wise confirm the transfer via email or in the app. And Wise also let you and your recipient know when the money’s on its way.
Conclusion: Wise – Your Safe and Affordable Money Friend
Wise is a great choice for sending and getting money safely. Trusted by over 16 million people since 2011, it moves more than $6 billion every month. Wise follows rules worldwide to keep your money secure, whether you’re spending internationally, converting currencies, or just holding a balance.
What’s cool is that Wise keeps fees low, especially for big payments over £100,000. Plus, they’re super transparent about it – no sneaky extra costs. You always know exactly how much you’ll pay before clicking that send button