Click the logo to be taken to their site.
TransferWise is a great new way to transfer money internationally. It can be used for both personal transfers and business transfers.
I have to admit, I was a little skeptical when I used TransferWise for the first time. You send money into a random bank account with the sinking feeling that you may never see it again. Thankfully this clever new company is as trustworthy as they make out. I had my money in my bank account within the time they had promised at half the cost of what the banks would have charged me.
How does it work?
Basically instead of sending your money overseas incurring fees they have large pools and simply exchange the money like an exchange student. No currency swaps they just note that you have transferred it and take it out of the pool in each country.
We are an associate partner with Transferwise but that is only because we believe in them and endorse them. If you love them too check them out here.
For more information take a look at their video which walks you through the process.
Credits: Feature image Jimi Filipovski