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TransferWise is a remittance company that strives to help its customers transfer money across borders at the lowest possible cost.
TransferWise offers 3 types of products. One time money transfers, Borderless account and TransferWise for Business. A Borderless account supports up to over 40 currencies.
To transfer, simply input the amount desired in TransferWise’s calculator and allow the calculator to calculate the transfer fee.
The creation of a TransferWise account is mandatory to remit money.
There are 3 different types of transfers that allows one to choose where to send money from:
The Borderless Account only requires a small fee to convert currencies in your account.
The following is free if you’re interested in having a Borderless Account:
The following features of a Borderless Account require a fee paid:
TransferWise also allows customers to receive money with their services.
TransferWise for Business boasts being 14 times cheaper than PayPal and lists the following features:
You can visit TransferWise’s FAQ here.
You can contact TransferWise here.