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Wise Reviews and details

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TransferWise Review - 3 Must Knows (2020)

TransferWise in detail

Transferwise Review

Social recommendations and mentions

We have tracked the following product recommendations or mentions on various public social media platforms and blogs. They can help you see what people think about Wise and what they use it for.
  • Which bank in vietnam have the lowest fee for overseas remittance?
    I don't think you need to be a holder of both. I put my mom on my Wells Fargo account and she sent to my account. There is also . This one I have used to send to someones account in Vietnam. It does have slightly higher fee. But it goes straight into their account. From Wells Fargo I would have to go and get USD then exchange it to Vietnamese currency. Source: about 1 year ago
  • We are happy to welcome you to Auction 88 — Coins of The World.
    They invoice in Euros (Czech Republic) so also be aware of fees on payments. I've successfully used TransferWise ( Source: about 1 year ago
  • Recommend me a first credit card with 0 foreign tx fee
    It's not a credit card. It's just a way to convert currency w/o a fee. Source: over 1 year ago
  • Renting an apartment without a US Bank account?
    Get a Wise account. Open one in your local currency, and one in US currency. I was doing that for the first few months. Source: over 1 year ago
  • My New Client Is Asking Me For My Bank Info
    I’ve used Wise for bank payments from international clients before: that way you’re not giving them your actual bank info but the process is similar on the client’s end. Source: over 1 year ago
  • My crappy (u.s.) credit… Building credit while abroad?
    Also, if you want to avoid high wire transfer fees, most people use Wise. I've been using them for years with no issues, usually my money shows up the next business day. Source: over 1 year ago
  • I just got into the Yellow Wall!
    They told me to fill out and email back the membership form (PDF) to them, then they'd send me an invoice. They recommended that I could pay the invoice through Wise. So I filled in and emailed back the form and created a Wise account. Source: almost 2 years ago
  • Opening a bank account
    If you are just needing a bank card that works but not tied to a Finnish bank. Wise allows you to hold multiple currencies at once with little to no fees. I set it up in the US and had my card in less than a week. Its worked on every trip I have been on including my recent trip to Helsinki. Source: almost 2 years ago
  • How to get inherited money from my American bank account to my foreign account? Should I just leave it in my American account?
    To my mind one of the more reputable and affordable services is Wise. Source: almost 2 years ago
  • What's the cheapest way to send money abroad from Israel?
    I have experience with wise. Extremely good rates and trustworthy. Source: about 2 years ago
  • Three Arrows Capital reportedly facing insolvency, crypto bubble is bursting
    As far as I can see, is in all ways a better way to simplify cross-border flows than crypto. When working with overseas teams, it is literally how they ask to be paid. - Source: Hacker News / about 2 years ago
  • Safest way to transport cash internationally?
    It is far safer to use any means of electronic transfer you can. There are services specifically for transferring money electronically internationally. For example (formerly TransferWise) is a good option with low fees. Source: about 2 years ago
  • Studying abroad in Belgium
    You can open an account on Source: about 2 years ago
  • How can I avoid currency conversion fees from Paypal?
    There are some money transfer sites such as Wise, but those also charge fees, for conversion plus for the transfer, so probably aren't any more cost effective. Source: over 2 years ago
  • An update on Cusco’s breeder from Ukraine, Svitlana: How you can help her family & poms (read in comments)
    So, Paysend worked fine for me - but others have had some trouble with it, including my partner. He shared this instructional on his instagram, he used a different service called Wise and got through successfully with that. Source: over 2 years ago
  • The Best FB Groups to join for Freelance Writers (Find gigs on Facebook)
    Other services such as Dwolla, Transferwise, 2CheckOut, and Payoneer offer similar services at lower costs. The terms vary, and one can check for their preference on their sites. Source: over 2 years ago
  • Converting DFI to USD and spending on a debit card - USA Edition
    Download, Install, and register with Wise - sign up for debit card. Source: over 2 years ago
  • Wiring USD to a german bank account (COMMERZBANK)
    Consider using something like transferwise ( as you’ll be paying quite a lot in fees if you transfer usd to a non usd account at Commerzbank (plus any fees you have to pay your US bank). Source: over 2 years ago
  • Needing some help finding details on a brick-wall relative (Germany)
    For the death record of Bertha Stahn, and the marriage record of Helene and Richard, you should be clear of any time restrictions based on the privacy laws if you want to try for civil records from the Wriezen Standesamt (Registry Office). Heck, it can't hurt to ask about August and Bertha's marriage either, just in case it fell within the town's civil jurisdiction. I would email Frau Mix; she will forward to... Source: almost 3 years ago
  • Best way for foreigner to get large amount of pesos?
    Get a travel currency card/account, such asWise. You can get an USD account from them and transfer money to it as you would do to any other USD accounts. They have really good exchange rates so you can skip the conversation at ATM as others have suggested. Source: almost 3 years ago
  • Best option for opening an account while still in the US but moving to the UK in two years?
    Https:// has worked for me really well so far, but it's not a traditional bank. But you'll have a GBP account, be able to set up Direct Debit, etc... Source: about 3 years ago

External sources with reviews and comparisons of Wise

6 Cheaper Payoneer Alternatives for Your Online Transcations
Wise is a well-known alternative to traditional banking and offers competitive rates for international money transfers. It operates on a peer-to-peer system, ensuring low fees by matching individuals who want to exchange currency in different countries.
Top 5 Payoneer Alternatives [2024]
Wise offers fast, convenient transfers with transparent fees based on mid-market exchange rates, as well as a multi-currency account for both individual and business customers. While Wise offers several tools for business customers, such as expense cards, it is not as extensive as those offered by Payoneer. On the other hand, Payoneer’s fee structure is only transparent on certain fees.
Top 5 Payoneer Alternatives for Seamless Online Transactions
Both offer global transactions, but Wise shines with competitive exchange rates and transparent fees, while Payoneer focuses on receiving payments with features like virtual cards. Choose Wise for cost-effectiveness, Payoneer for easy receiving.
Best money transfer apps of 2021
TransferWise does also offer Business pricing, which adds in extra features that are free, including the ability to receive money in EUR, USD, GBP, PLN, AUD and NZD currencies without charge. However, this comes with a 0.33%-3.56% fee to convert currencies. The supporting TransferWise debit Mastercard comes free too, with the same currency conversion fee of 0.33%-3.56% plus a 2% fee of ATM withdrawals over £200...
Top 7 Wise Alternatives
Wise’s Multi Currency Account (review) and associated Wise card (review) (which works great as a travel money card) are especially useful to expats who need banking features in a new country to pay rent, buy groceries, or receive money like a local (Wise offers international bank details in 10 currencies).
5 Safe Money Transfer Alternatives to Wise
As a money transfer service, Wise (formerly known as TransferWise) is a transparent and easy to use option. But if you’re making an international money transfer, it can be worth looking at some of Wise’s competitors to see which is the best option for you.
Cross-border fintech startup Airwallex raises $100M at a valuation of over $1B
For now, the backing of its investors is allowing Airwallex to grow its business without needing to focus on making money. That’s proven tricky for some fintech companies — such as TransferWise and Europe’s challenger banks — but Zhang is confident that when that changes, his company will have little trouble being sustainable.

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This is an informative page about Wise. You can review and discuss the product here. The primary details have not been verified within the last quarter, and they might be outdated. If you think we are missing something, please use the means on this page to comment or suggest changes. All reviews and comments are highly encouranged and appreciated as they help everyone in the community to make an informed choice. Please always be kind and objective when evaluating a product and sharing your opinion.