Wise (formerly TransferWise) is a global financial technology company that specializes in international money transfers, multi-currency accounts, and borderless banking solutions. Founded in 2011 in London, Wise is trusted by millions to send, spend, and receive money across borders — faster and cheaper than traditional banks.
With Wise, users can hold balances in over 50 currencies, receive money with local bank details, convert money at real exchange rates (mid-market rate), and enjoy full transparency with no hidden fees. Whether you’re a freelancer, business owner, remote worker, or traveler, Wise provides a smarter way to manage global money.
Quick Review Summary:
Founded: 2011
Headquarters: London, UK
Currencies Supported: 50+
Best For: International money transfers & multi-currency account management
Rating:
4.8/5
In-Depth Review of Wise
Real Exchange Rates
Wise uses the mid-market rate without markup — the same rate you see on Google or XE.Low, Transparent Fees
Fees are clearly shown before you confirm the transfer — no hidden costs.Multi-Currency Account
Hold, convert, and manage over 50 currencies in one account.Local Bank Details
Receive payments like a local in the US, UK, EU, Australia, and more — ideal for freelancers and businesses.Wise Debit Card
Spend abroad with low conversion fees and no foreign transaction charges.Business Solutions
Wise Business offers batch payments, Xero integration, and international payroll management.Fast Transfers
50% of transfers arrive within an hour — faster than most traditional banks.
Who Uses Wise?
Freelancers receiving international payments
Expats managing multi-currency balances
Travelers and digital nomads spending abroad
Remote workers and employees
Small businesses paying overseas vendors
E-commerce sellers collecting payments globally
Transparent, real-time exchange rates
Extremely low transfer fees
Multi-currency wallet with global access
Great for both personal and business use
Fast, reliable service with a global footprint
Supports Apple Pay and Google Pay
No cash pickup service (bank-to-bank only)
Debit card availability is region-specific
Some countries and currencies not supported
Not a full-service bank (limited to transfers and currency)
User Testimonials:
Frequently Asked Questions (FAQs)
1. Is Wise safe to use?
Yes. Wise is regulated by financial authorities in multiple countries and uses bank-level security.
2. How does Wise work?
Wise matches transfers between users in different countries to avoid international fees and uses the real exchange rate.
3. What currencies can I hold in my Wise account?
Wise supports 50+ currencies, including USD, EUR, GBP, INR, AUD, and more.
4. Is Wise cheaper than PayPal?
Yes, Wise usually offers much lower fees and better exchange rates than PayPal for international transfers.
5. Can I get a Wise debit card?
Yes, in supported regions (like the UK, EU, US, Australia), you can order a Wise multi-currency card.
6. Does Wise work for businesses?
Yes, Wise Business allows you to send bulk payments, manage invoices, and receive money like a local.
7. How fast is Wise?
Most transfers are completed within 24 hours — many within minutes, depending on the currency pair and bank hours.
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