*. Send money abroad eight times cheaper than using your regular high-street bank
*. Transaction costs are always transparent, unlike some other providers which add a markup to the real exchange rate in addition to their fees
*. TransferWise international payments on major routes from the UK and Europe are delivered within 24 hours – compared to 3-7 days for a regular bank. In fact, 25 percent of all transfers from the UK to Europe are delivered within seconds
*. Arrange your transfer online for convenience
*. TransferWise is regulated by the Financial Conduct Authority, just like a UK bank, and trusted by 3 million people around the world
*. Your money is sent directly to your recipient’s bank account
*. Suitable for both business and personal use
*. TransferWise supports over 750 currency routes, including GBP, USD, EUR, AUD and CAD.
*. Now available in 71 countries covering over 1300 currency routes.
The best benefit of using TransferWise is the low-costs for the transfer. A customer confirmed transfer over $25,000 and saved $1,000 USD, which is kind of amazing.
On a pound sterling to euro transfer, the upfront fee is 80p plus 0.35 percent of the transfer amount. So if you’re transferring £1000 into euros by bank transfer you will pay £4.29 for the service.