Wise Money Transfers
Recently there is a buzz about tools to do online international money transfers. Everything keeps pointing to Wise and it seems it is the tool to use now for small or big overseas money transfers.
It has also been asked in several of the expat Facebook groups and every time, there is an overwhelming recommendation to use Wise. Especially to make large money transfers to Spain from the UK or US. Those who were asking were wanting to buy a home or a car and they said they felt it gave the best rates. They also have rave reviews on Trustpilot too.
What is Wise?
They started up in 2010 with the aim to make international money transfers cheap, fair and simple. You can make fast money transfers, sending money or receiving money. You also have access to your debit card, which may be used at the ATM or anywhere MasterCard is accepted. The best part is you get the real exchange rate! Make sure you check out their exchange rate tracker.
- One account to spend, send and receive. Hold money in over 40 currencies
- A card to spend in over 40 currencies in over 150 countries
- Send money to over 160 countries
Wise Fees
Wise transparently displays any fees upfront and deducts it before conversion. You know exactly what the fees are and there are no nasty surprises. They then use the mid-market rate, independently provided by Reuters without any markup. The price calculator allows you to see what the international transfer will be before you send it. They offer a comparison chart with several other banks and tools offering international banking transfers.
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It’s free to set up your borderless account. It’s free to get your international bank details and free to receive money using those bank details. There’s a cheap, transparent fee to convert between currencies – either in your account or if you spend on your Wise debit card in a currency you don’t have in your account.
Free TWise Borderless Account
This is a great way to move money around and make those online money transfers. With a borderless account, you get instant international bank details to receive money from over 30 countries around the world with zero fees. That means you get:
- Australian account number and BSB code
- British account number and sort code
- European IBAN
- US account number and routing number
This is why the people on the move love it so much! They can accept payment in several currencies for freelance work and you can easily keep a balance in over 40 currencies. This is all kept safe in your Wise borderless account! Then you can switch between the currencies in seconds when you need to or when the rate is right.
Spending Money Worldwide
If you have the Wise debit card, you can spend the money in your account with the currency balances you have. So if you have a Euro balance and are spending in Europe, it will take from the Euros!
Bottom Line!
It doesn’t matter if you want to transfer money to Spain or any other country in the world, you can do it with Wise. Many people want to make a money transfer to Spain from the UK too, so it is all easy with this tool.
Save money on international payments with Wise
