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Transferwise

TransferWise was born of frustration


Sending money abroad is deceptively expensive, thanks to the hidden charges we’ve all been forced to pay. The banks claim “free money transfers”, “0% commission.” Sounds like money’s already flowing freely, but far from it. It’s pure propaganda.

TransferWise removes all the wrongness, letting people send money abroad at the lowest possible true cost. Using only real exchange rates and tiny not-hidden-fees. Headaches averted, and a revolution sparked.



How it happened


Taavet Hinrikus and Kristo Käärmann are two friends who believe that money is meant to flow freely. But in the absence of a global currency, it doesn’t. An epiphany saved them thousands of pounds.


Taavet had worked for Skype in Estonia, so was paid in euros, but lived in London. Kristo worked in London, but had a mortgage in euros back in Estonia. They devised a simple scheme. Each month the pair checked that day’s mid-market rate on Reuters to find a fair exchange rate. Kristo put pounds into Taavet’s UK bank account, and Taavet topped up his friend’s euro account with euros. Both got the currency they needed, and neither paid a cent in hidden bank fees.

“There must be others like us," the epiphany went, the rest is TransferWise.

Testimonials

Daniel Gower

“Best rates i've seen and money transferred really quickly despite giving an estimated time of up to 2-3 days.”

Caroline Hardy

“I've used Transferwise twice now and am really impressed about how fast their service was. Second time I received money the same day. very pleased.”


Features
Type Of Provider Money Transfer
The Headquarter London
Established 2011
Comnutries Send From

Brazil, India, Mexico, Pakistan, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Serbia, Sierra Leone, Slovakia, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, Uganda, Ukraine, United-Kingdom, United-states-of-america

Countries Send to

Brazil, Bulgaria, El Salvador, Fiji, Greece, Honduras, Hungary, India, Indonesia, Iran, Ireland, Italy, Jamaica, Japan, Korea South, Latvia, Lithuania, Luxembourg, Malaysia, Malta, Mexico, Netherlands, Norway, Oman, Pakistan, Philippines, Poland, Portugal, Qatar

Transfer Fee 0
Minimum Transfer Amount 50
Maximum Transfer Amount 10000
Receving Method Bank Transfer
Requirements ID