Wise, formerly known as TranferWise for international transactions
Not too long ago, sending money from one country to another country was very costly and would take days before the money would be delivered.
However, technology has since made it possible to send money and the recipient would receive it within minutes. This has taken away a lot of issues such as having to physically go to a bank and the recipients having to wait for days before they can make use of the money.
Also, even with the advent of the Internet, using banks to transfer money abroad still had its disadvantages. The costs, while fair, could be cheaper and remain profitable. A lot of companies have thus; taken advantage of that opportunity to create money transfer platforms that can send money abroad at better rates than a bank. An example of such a platform is Transferwise.
Finally, before you create an online banking account with Transferwise, you would need to know some things about them. Does Transferwise truly send money at cheaper rates than the bank? How much am I likely to save if I send money through Transferwise compared to if I sent through banks and other platforms? How quickly will the recipient be able to use the money I send to them through Transferwise? For answers to these and other questions you might have, you should check Transferwise with Reviews to know what other people are saying about them.
Transferwise was founded by 2 friends from Estonia who both reside in London. Taavet and Kristo earned pounds in London and needed to send Euros back to Estonia to seek out their bills. They were, however, wasting money and time sending money back to Estonia the traditional way. What started as a solution they both developed for their problems have now grown to become a business worth over a billion dollars.
Services of Transferwise
Transferwise provides an effective way to transfer money at a low cost to relatives, friends, and acquaintances abroad. They have been able to help people save time and money over the years by charging cheap fees and using a guaranteed normal exchange rate to convert and send money abroad.
What can you buy from Transferwise?
You can send money to people and organizations abroad as well as operate a financial account with Transferwise.
Transferwise Customer Service
You can reach Transferwise customer service from the help page on their website.
However, you would have to be logged in before you can speak to their team. If you are locked out of your account, you can select the ‘I am locked out of my account option’ to get help without logging in. You can also follow Transferwise on Twitter, Facebook, and Instagram. Planning to use Transferwise to send money abroad? Make sure to check Transferwise with Reviews before making a transfer.