TransferWise Reviews and Comparison - Seedly
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TransferWise

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  • Reviews (52)
  • Questions (0)
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Remittance/TransferWise
Remittance/TransferWise
4.6
52 reviews

Unclaimed

This product has not been claimed by the company yet.

USER RATINGS

Customer Support

4.1

Ease of Transfer

4.4

User Experience

4.4

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

Details

TransferWise Review 2020

Read More about TransferWise
Reviews (52)

4.6

52 Reviews

  • 5
    38
  • 4
    9
  • 3
    4
  • 2
    0
  • 1
    1

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Most HelpfulMost RecentLow to HighHigh to Low
  • Updated on 14 Jul 2020

    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.
    0 comments
    0
    Post
  • Updated on 08 Jul 2020

    Purchased

    TransferWise

    [Exchange Rates] The exchange rates are one of the best among all the remittance platform that I have tried as they are using the mid-market rate (similar to what you get from Google/XE). Instarem exchange rate (SGD to MYR) is comparable as well, sometimes I will compare these 2 platforms before proceed. [Hidden Charges] There is no hidden charge as the app/website will pre-calculate and show you on the spot how much you will pay (and how much you will receive) before proceed to the submission & payment. [User Interface] The UI of the platform is amazing, it is easy to navigate and perform the required transaction. [Others] I did apply for the Transferwise debit card and you need to pay SGD10 for the shipping fee. The debit card is good as it allows to store & transact in many currencies without extra FX charge.
    0 comments
    0
    Post
  • Updated on 08 Jul 2020

    Purchased

    TransferWise

    [Exchange Rates] As compared, the rates are better than DBS, but with fees, DBS still on the upper hand. Recently comparing with InstaReM, found out that TransferWise rates are higher with fees. [Ease of Transfer] This is the part I love the most as I will know when my recipient will receive the funds and I can see the progress of it. Good job on this part. [User Interface] Their UI is simple and straightforward, easy to navigate as I have been using their service for quite a while until recently other competitors providing a better rate and fee.
    0 comments
    0
    Post
  • Updated on 08 Jul 2020

    Purchased

    TransferWise

    easy to use interface, convenient, with one of the best exchange rates. additionally saves on a lot of bank fees
    0 comments
    0
    Post
  • Updated on 08 Jul 2020

    Purchased

    TransferWise

    the platform is easy to understand and very user friendly for first time user. Also, speed of transfer is real quick, cheers!
    0 comments
    0
    Post
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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

Contact TransferWise

You can contact TransferWise here.