A cheaper way to send your money internationally
TransferWise is a cheap, convenient and fast way to send money overseas to family and friends
Sending money overseas back to friends and family is expensive. Banks and traditional providers like Western Union add hidden costs to their fees by adding a markup to the exchange rate when converting your money. This makes them up to 8 times more expensive when sending money internationally compared to TransferWise. For example if you’re sending GBP to INR and the exchange rate is 1GBP = 89.31 INR, your bank may only give you an exchange rate of 1GBP = 86.08 INR, so your recipient would end up receiving less INR than expected and you’d be charged a hidden cost.
Find out how much it would cost for you to send your currency
With TransferWise your money will always be converted at the mid-market exchange rate (ie. the one you see on Google) and you’ll be charged a transparent, upfront fee so you’ll always know exactly how much you’ll be charged and how much your recipient will receive. Backed by investors such as Sir Richard Branson and with over 3 million customers, TransferWise lets people send money to 49 countries (and counting), helping them to save on international transfer fees.Send money with TransferWise
How does TransferWise work?
The reason TransferWise can afford to charge you so little, and give you such a good rate, is pretty simple: your money never crosses borders. TransferWise has bank accounts all over the world. When you make a TransferWise money transfer, your money goes into the account in your country, and your recipient gets paid from the account in theirs. Since the money never crosses borders, currencies don’t need to be converted. And a lot of the usual costs are avoided.
Is TransferWise safe?
Yes. It follows strict regulations in every country it operates in and is FCA-regulated in the UK. This means they have to retain bank level security and TransferWise go through great lengths to verify customers’ identities and to protect them from fraud
How long does TransferWise take?
On many routes, transfers go through in a day or less. And even on the slower routes, transfers take three to five days at most.