Transferring money is not as easy as it seems, especially if you want to send some money abroad. Most companies charge fees, rooor simply give you a very bad exchange rate and pocket the rest. It's generally best to shop around rather than simply trust just any currency transfer provider. Maybe TransferWise is one company that can be trusted. But how easy will it be to send money abroad via their website? Will they send your money safe and sound to the account of the recipient or will they lose it somewhere in the process? And if that happens, will there be a TransferWise customer service department to assist you whenever you need some help? Only people who have already transferred money via TransferWise can tell you a bit more about this money transfer provider and their services. Read their reviews to get an idea of what transferring money via TransferWise really means. Their ratings, experiences, comments and opinions will let you know if TransferWise might be your best money transfer option.
About TransferWise TransferWise is a company that offers money transfer services, that is part of the generation of FinTech companies upsetting this niche industry. The company was founded by Taavet Hinrikus and Kristo Kaarman. They believe that sending money abroad is often deceptively expensive. This deception comes from the fact that there are hidden charges that all of us are forced to pay. The claims of “free money transfers and “0% commission” might sound like money is already flowing freely, but that’s not always the case. TransferWise wants to change that. Of course, you can’t change the fact that there is no global currency, but you can make transfers easier and cheaper. Therefore, they welcome you to “ money without borders”. According to TransferWise, companies should be honest about the real exchange rate. Via TransferWise’s website, you can send money to any other country. Maybe you have some relatives living in Australia or some friends in the USA that you would like to send some money to. TransferWise makes it possible for a cheap price.
The TransferWise borderless account.
Services of TransferWise You can use TransferWise’s website to send money abroad to any country of your choice. You can enter the amount of money that you want to send. Select your own currency for that purpose. Also, select the currency of the recipient. TransferWise will show you exactly how much the recipient will receive. They also have a TransferWise debit Mastercard that you can use to send money around the world. This debit card offers low conversion fees and zero transaction fees. If you need some assistance, the customer service of TransferWise is always willing to help you out.
Complaints, Compliments and Tips for TransferWise Have you ever tried to send money via TransferWise? If so, you are the perfect person to tell us more about your experience with this money transfer provider. How easy was it to send money abroad via their website and service? Did the money end up at the designated account? Were they really as cheap as they claim? And in what way could TransferWise’s customer service assist you when you asked for help? Please add a review and tell us whatever you want to share about TransferWise.
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Stopped using Transferwise a few years back for various reasons but thought I would give them another try - simple platform, should be really good. Truth is, they've got too greedy. You won't get the rate they agree - they'll change it after you've sent your money. You won't get it when they say - they'll use it for a few days, mine took a week
So, you get suckered in that you will pay less than using your bank for International transfers. You wait 3 days for verification of your account (it actually took 5 working days) and then when you come to make a transfer little boxes keep pooping up saying, this is an expensive way to transfer money (debit card) and in the case of a Swift (charges will be made by your bank and the recipients bank and Tom, Dick and Harry in between). Cue a phone call for clarification. The phone I am sure is iff the hook as I have tried continually for 4 hours. By the way, you still havre to go online to your bank to transfer money to them, which means going online, setting up a new recipient, which all in all means I'd have been quicker allowing my bank to process the payment at their cost in the first place... as much just as a chocolate fireguard.
Negative review. I had the most unprofessional experience with Transferwise. I arranged a transfer of funds from my USD account to my GBP account. At the time of setting up the transfer, I was quoted a certain rate. With the transfer taking an extra wo days to get to Transferwise(due to a US holiday), I kept getting an email advising that my USD account was required to send back the amount as it did not match the original rate quoted. I had a series of phone calls with the customer service and after almost a week of backnforth, I got an email advising that the GBP equivalent of the amount was going to be credited to my UK account, At this point, the rate I got was not favorable at all. And, this also cost me a business transaction I was meant to have carried out. I am closing my account and looking to register with another online foreign currency exchange firm.
Digital worlds is very useful these days. Transfer of money to any other countries was not so convenient before . I am a regular user of Transferwise services. No issue so far, no extra charges as we pay to banks and some agencies. A trusted service, Though I have limited transfer to some selected countries but I believe they are equally working fantastic .