If you’re like me, you probably have friends, family or business partners all over the world. And you know how expensive and complicated it can be to send or receive money across borders. That’s why I use Wise, the international account that lets me manage my money in over 50 currencies with ease.
Wise is a service that allows you to hold, convert and send money in different currencies with low fees and fast transfers. You can also get a Wise card that lets you spend and withdraw money abroad at the real exchange rate.
How does Wise work?
Wise works by using local bank accounts in different countries to move your money. For example, if you want to send euros to someone in Germany, you can pay Wise in dollars from your US bank account. Then Wise will use their German bank account to send euros to your recipient. This way, you avoid expensive international fees and get the best possible exchange rate.
What are the benefits of using Wise?
There are many reasons why I love using Wise, and here are some of them:
– **It’s cheaper than banks and other services.** Wise charges a small, transparent fee for each transfer, and uses the mid-market rate with no hidden markups. You can save up to 8x compared to banks when you send money with Wise.
– **It’s faster than most other options.** Wise transfers usually take 1-2 working days, and sometimes even within minutes. You can also track your transfer online or on the app, and get notified when it’s completed.
– **It’s easy to use and convenient.** You can sign up for a free account online or on the app, and start sending money right away. You can also link your bank account or debit card to pay for your transfers. You can also set up recurring payments, batch payments, or use the Wise API for your business needs.
– **It’s secure and regulated.** Wise is authorised by the Financial Conduct Authority in the UK, and registered with FinCEN in the US. They use 2-factor authentication and encryption to protect your account and data. They also hold your money with established financial institutions in each country.
– **It’s more than just a money transfer service.** With a Wise account, you can also get your own bank details for different currencies, such as UK sort code and account number, Euro IBAN, US routing number and account number, etc. This means you can receive money from anyone in those countries without paying any fees. You can also hold balances in over 50 currencies, and convert them whenever you want with low fees. And if you order a Wise card, you can spend and withdraw money abroad at the real exchange rate.
How can you join Wise?
If you’re interested in trying out Wise for yourself, I have some good news for you. You can use my referral link below to sign up for a free account and get a fee-free transfer.
I hope this article has convinced you why Wise is a great service for anyone who needs to manage money internationally. I’ve been using it for years and I’m very happy with it.
Thank you for reading and happy transferring!