TransferWise Reviews and Comparison - Seedly
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TransferWise

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  • Reviews (48)
  • Questions (0)
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TransferWise

No fees; Margin in exchange rate
TRANSACTION FEES
$1
MIN. TRANSFER AMOUNT
1-2 days
TRANSFER SPEED

    TransferWise

    No fees; Margin in exchange rate
    TRANSACTION FEES
    $1
    MIN. TRANSFER AMOUNT
    1-2 days
    TRANSFER SPEED
Reviews (48)

4.6

48 Reviews

  • 5
    36
  • 4
    8
  • 3
    3
  • 2
    0
  • 1
    1

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Most HelpfulMost RecentLow to HighHigh to Low
  • Updated 11h ago

    Purchased

    TransferWise

    Found Transfer wise in late 2019 and have been using them for all my international transfers. Setting up with them was easy, even when I was not in Singapore. Their service is prompt and each step of the transfer can be easily tracked online via their web. Love using them, and the rates are great too! I use mine mainly for SGD to AUD transfers, and it has been smooth, with no delays or errors so far. Really glad I found them!
    0 comments
    0
  • Updated 2w ago

    Purchased

    TransferWise

    Overall a great service and I'm one of the happy users for years (used in Europe before they launched in Singapore). They only comment is that during SFF Trasferwise announced that they will give 500 SGD for those who paid hidden bank fees if you declare private or business transactions with currency conversion. I have submitted it and never heard back. Walk the talk, guys!
    0 comments
    0
  • Updated 4w ago

    Purchased

    TransferWise

    Competitive exchange rates. Take 2-3 days to reach Malaysia. But the real fun is inviting referral to get more cash.
    0 comments
    0
  • Updated 4w ago

    Purchased

    TransferWise

    [Exchange Rates] The exchange rate from Transferwise is similar to the rate that you will get from Google (mid-market rate). There is a small fee (around 0.6% for SGD-MYR) and it is lesser compared to the fixed remittance fee (normally S$10) from money changer shop if I were to convert <S$1.5k to MYR. [Hidden Charges] There are no other hidden charges apart from the small fee as mentioned above. You can check the fee and conversion real-time from the website before submitting the request. For first time user (via referral), you will get a fee-free international transfer of up to 900 SGD (at this time of review). Besides that, they will also waive the fee for credit card as well. However, take note that many banks will flag it as quasi-cash transaction and charge for hefty fee (cash advance fee & high interest rate). Please check with the bank before do so. [Ease of Transfer] The transfer is very easy, just follow the step-by-step guide and you should able to make your first transaction in few minutes. It can also save your bank account details so that you don't have the enter again in the subsequent transactions. [User Interface] The user interface for both web & mobile is well-built and easy to navigate. The interaction is smooth and seemless. [Others] Transferwise also has its own multi-currency account and can apply for its multi-currency card. However, you need to pay S$10 for the card and it will deliver to you in 1-2 week time.
    0 comments
    0
  • Updated 4w ago

    Purchased

    TransferWise

    [Ease of Transfer] Very easy to transfer. You can use PayNow, Bank Transfer and credit card. [User Interface] Straightforward, User friendly. [Exchange Rates] I find Instarem slightly better than TransferWise. TransferWise provided MasterCard which you can top up foreign currency inside. I always used TransferWise to pay my oversea online shopping. The money received quite instant. Within 5 minutes. [Hidden Charges] No hidden charges, what you see is what you get.
    1 comment
    4
    Einn Hann
    Einn Hann

    25 Sep 2019

    If before noon time transfer can received on the same day?
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About TransferWise

TransferWise is a remittance company that strives to help its customers transfer money across borders at the lowest possible cost.

How TransferWise Works

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:

  • Low cost transfer - Send money from your bank account
  • Fast and easy transfer - Send money from your debit or credit card
  • Advanced transfer - Send from your GBP account outside the UK

Borderless Account

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:

  • Account creation
  • The holding of over 40 currency balances
  • A UK account number and sort code
  • A U.S. routing and wiring number
  • A European IBAN
  • An Australian account and BSB number
  • Receiving money in EUR, USD, GBP, AUD & NZD

The following features of a Borderless Account require a fee paid:

  • Converting of currencies: 0.35%-1%
  • Fixed fee to send money (varies by currency): S$2.30
  • Adding money into your account: 0%-0.2%  

TransferWise also allows customers to receive money with their services.

TransferWise for Business

TransferWise for Business boasts being 14 times cheaper than PayPal and lists the following features:

  • The ability to pay invoices and people abroad
  • Receive money with no fees
  • Automate work with our API
  • Integrate seamlessly with Xero

Good To Know

You can visit TransferWise’s FAQ here.

Contact TransferWise

You can contact TransferWise here.