FREE international money transfers at proper exchange rates

Byeuflyer

TransferWise has been around for a little while now. Essentially, it’s an international money transfer service that, unlike your bank (or, God forbid, Western Union) transfers your cash to foreign currencies at the market rate.

The image shows the logo of the World Health Organization (WHO). The logo consists of a blue emblem featuring a stylized representation of a globe with a rod of Asclepius (a serpent-entwined rod) in the center, symbolizing medicine and health. The emblem is surrounded by olive branches, which represent peace.

Anyone who’s seen the clip that banks generally take via their horribly punitive exchange rates will know that any transfer service offering market rates is well worth a look.

The service is extremely straightforward. You arrange the transfer via your Transferwise account (providing details of the recipient account, obviously). The full payments to be made and received are made extremely transparent via your TransferWise account, so there are no nasty surprises. You can even make the transfer via debit/credit card.

You then transfer the money into Transferwise, who pass it on to the beneficiary account in the new currency.

The image shows a money transfer interface from TransferWise (now known as Wise). The user is on step 1 of 5 and is asked, "How much would you like to transfer?" The user inputs 1,000 GBP (British Pounds). The TransferWise fee is 4.98 GBP, which is included in the total. The guaranteed exchange rate is 1.15550. The recipient will receive 1,149.75 EUR (Euros). The interface also mentions that the user will save 35.38 GBP compared to their bank, and the estimated arrival time for the transfer is by tomorrow morning.

TransferWise is also extremely fast, with the transactions sometimes completing on the same day. 

What’s the catch?

Ordinarily, TransferWise makes its money via a small commission charged, On GBP to Euro transfers, for example, you’ll pay 0.5%.

Eliminating the catch!

While you’ll still generally find TransferWise to be the best value option, regardless of the commission fee, we are making life very easy for you by making your first transfer (minimum £200, maximum £500) absolutely free!

To benefit, you simply need to sign up via this link.

Leave a Reply