TransferWise is an online money service that allows you to send money, get paid, and spend money internationally. It is a money transfer service based in London. In this article, we’ll tell you more about TransferWise borderless account. Hence, read through this article till the end.
With a TransferWise account, you can transfer money abroad, get paid in other currencies, and spend abroad with a TransferWise debit card.
Also, it allows you to send money from one country to another at low rates and without suffering hidden transfer fees. This platform allows users to send money along 1600 currency routes at 15 percent or less of the fee banks normally charge.
It allows you to make payments through bank transfer using your debit and credit card. Irrespective of who you are, you can make yourself comfortable and make transfers from your phone using the TransferWise iOS or Android app.
Furthermore, the TransferWise exchange rate is fast and the money usually only takes one to four days to enter into the recipient’s bank account that you select. TransferWise allows you to transfer money up to eight times at cheaper rates than with a bank.
The platform is beautifully easy. Its transaction costs are always transparent, unlike some other providers which add a markup to the real exchange rate in addition to their fees.
It is suitable for personal and business use. Also, TransferWise international payments on major routes from the UK and Europe are delivered within 24 hours.
Unlike banks which use 3-7 days. Like a multi-currency account, it allows you to hold over 40 different currencies and send and spend money overseas easily.
Is TransferWise Safe?
TransferWise is highly reputable and trusted by millions. It has a very high number, offers competitive rates, and is very easy to use. Transfer Wise Bank is fully controlled by the financial conduct authority.
And just like banks and financial institutions, verifies it its users to protect against money laundering and fraud. So, TransferWise is safe, legitimate, and legal to use.
TransferWise Fees
However, you don’t need to pay any fees for receiving funds or making payments in a local currency. You only pay fees when you convert money between different currencies. You do pay for adding money to the account using debit and credit cards.
There is a small fixed fee for moving money between your borderless account and a regular bank account. TransferWise fees are the most competitive in the business, it offers low fees.
The amount you will be charged will be based on the amount you are sending and the currency you are going to send in it.
How to Use TransferWise
To start using Transfer Wise, you need to create a TransferWise borderless account. You can do that by signing up with your existing Gmail or Facebook account.
So, that you don’t have another password to remember. Once you get an account you can start sending money immediately.
You can start simply making your first transfer and the process will include all steps required to register your account. Here is a quick and easy step and guidelines to sign up for an account;
- Visit the official website of Transferwise on your web browser
- Next, locate the signup icon on the homepage.
- Then, click on it and this will redirect you to the registration page.
- On the signup page, you will be provided with several options to sign up
- You can sign up using your Email address, Google Mail, Facebook, or Apple ID.
- Enter the correct details and click on the signup icon.
Once you’ve finally signed up for an account with Transferwise, you can start using this platform to make a quick and fast transaction
TransferWise Login
If you have an account with Transferwise, you don’t need to sign up for a new account, you can simply log in to your account using your correct details and information. Below are the steps and guidelines to login to your account;
- Open your computer web browser
- Visit the official website of Transfer Wise https://wise.com/
- Or open the mobile app on your device
- Next, locate the login icon on the page.
- On the sign-in portal, select your preferred sign-in option.
- Enter the correct login information
- Then, click on Login to access your account.
How to Make a Transfer Using the TransferWise Online
It is very easy to transfer money overseas through the TransferWise website or app. Hence, you can follow these steps to make your transfer.
- Visit the Transfer Wise website and log in to your account.
- Enter the amount you want to send and where you want to send it to.
- Choose your payment method either debit or credit card or Apple Pay.
- Transfer Wise will convert the money at the mid-market and send it to your recipient’s bank account.
Once you have done that, you will receive a notification email that you have set the process in motion. You will also be notified once the money gets to its final destination.
How to Download Transfer Wise App
In this section of the article, we will be showing you steps and guidelines to successfully download and install the mobile app on your device. Follow the steps and guidelines below;
- Open your Google Play Or App Store.
- Then, search for the Transfer app.
- Locate the app from the option provided.
- Next, click on the app icon.
- Then, tap the Install or Get icon.
- Wait for the app to download on your mobile device
Finally, launch and install the application on your Android or iOS device. Note that; You can also sign up or login to your Transfer Wise account while using the mobile app.
