Wise is a clever international money transfer service, that can be 13 times cheaper than using banks.
In fact, even if banks tell you that it’s free or cheap to exchange money with them, they are adding a hidden (and usually high) mark-up to the real exchange rate, making the transfer pricey for you, the final user.
Wise on the other hand, will convert your money with the real exchange rate and add a small markup (around 0.3% for most currencies).
Simplifying, they can keep costs low for you by having bank accounts all over the world.
For example, if you want to transfer money between the U.S. and Italy, you’ll simply pay in U.S. dollars to Wise’s U.S. dollar account and then, the Wise Italian account will pay in Euro to the final recipient.
The money never actually crosses any borders:
And it’s (usually) fast, very fast. Faster than your average bank:
It’s so fast because it’s an optimized system, 80% more efficient than banks – and there are no intermediaries to slow down the process:
Everyone who wants to transfer money abroad or use their money in another country at a fair rate. If you are a traveler, an expat, self-employed or own a company working with clients with different currencies.
Give
Wise a try by clicking
here. It’s absolutely free and you will love it and thank us for telling you
