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TransferWise DEMO
TransferWise REVIEW
Summary
TransferWise is a new breakthrough multi-currency transfer and debit card service
Read 100% Free TransferWise Review by Scamorno Team
Details
| System | TransferWise |
|---|---|
| Website URL | www.TransferWise.com |
| Trial | Start Trial |
| Overall Score | 9.7/10 |
FULL REVIEW OF TransferWise
Are you looking for more information about the TransferWise service and is this really the best and most convenient multi-currencies transfer service around today? TransferWise has rated pretty highly across all the metrics that we have assessed them on. They have really good customer ratings on Trustpilot, is highly reputable and used worldwide by more than 7 million customers, is very easy to use and has shown that they can consistently offer competitive rates at all times. It is amongst the best money transfer service in this highly competitive industry today.
From our own experiences, we have found TransferWise to be an invaluable tool when it comes to moving money internationally. Their app is also really seamless to use, rating 4.4/5 on Google’s Play Store and 4.7 in the Apple App Store.
Should You Use TransferWise?
If you are currently looking for a user-friendly and seamless way to send different currencies, then this is a service that should definitely help you. Their app user interface and website are really smooth to use and have shown that they really stay ahead of the competition when it comes to providing the best transparent rates. They also have a free multi-currency debit card that allows the holding of more than 40 different currencies.
In terms of fees, card allows ATM withdrawals of up to S$350 a month after which it will inccur a 2% fee. There is also a fee of 0.35% to 2.22% for converting between different currencies. With its ability to hold so many currencies, TransferWise has proven to be a really useful and versatile option for anyone travelling overseas.
https://www.youtube.com/watch?v=nCjlRs8ukpQ
How Do You Transfer Funds With TransferWise?
At this platform, users will only be able to transfer to a bank account and not to a mobile wallet or cash pick-up location just yet. For sending money to China, they can pay directly into a recipients AliPay ID, where the money will show up instantly in their linked bank account. It does not however offer many of the Forex products such as forwards contracts and limit orders, although there is a service that is specifically made for businesses.
Payment for transfers can be done in several ways including with Debit/Credit card, Bank Transfer and Apple / Android Pay. Paying by bank transfer usually costs the least, while paying by credit card will mean adding a percentage fee on top of what you are sending.
In terms of transfer times, it will vary according to which currency you are sending. Generally it should range between 1 to 2 business days. Sending money to the US usually takes around 2 business days, while sending money to the UK is usually faster and completes within minutes.
Review Verdict: TransferWise is a legitimate service that works
Consumer Alert Regarding TransferWise
The success of TransferWise has given rise to many frauds who try to sell their own fake services in its name. This is a big issue as many customers have lost their money in buying from such fake sites. It is advised that customers should be really careful when they are purchasing and should do some research before they buy from any website. To spot these, watch out and avoid sites that claim to write about TransferWise, yet the write-up is completely garbage as they are created by software and spammed all over the internet. It is always better to avoid buying from any other site other than the official one. Therefore, it is highly advised that consumers do careful research, or only buy from the site from the official website here – http://TransferWise.com/Official (link opens in a new window). The official website that they have includes the legitimate service.
Conclusion about TransferWise
In summary, we have found TransferWise to be a great service for sending money in different currencies and countries. They have proven to be a reliable and comprehensive wire transfer company, with transparent and fair mid-market exchange rates that are reasonable with no hidden fees. Hence, if you too would like to start sending money abroad using a faster and cheaper way, then we highly recommend you to learn more about TransferWise at the button link below!
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