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Money Transfer Services
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Last Updated: 02/08/2026

Wise

in Money Transfer Services from Wise PLC

Last Updated: 02/08/2026

Wise logo
Strongly recommended46 total votes
35 users recommend
3 users are unsure
8 users don't recommend
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Highlights

Community Rating

Strongly recommended

Minimum Transfer

$1

Transfer Speed (days)

1

Processing Fee Range ($)

N/A

Processing Commission

Starting at 0.45%

Number of Reviews

46

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Wise Review

TransferWise is a money transfer service company based in London, . It was founded in 2011 and offers money transfers to 65 countries.

TransferWise FAQ

What money transfer methods does TransferWise support?

TransferWise allows you to send money with the following receive options (options vary by receive country):
  • Bank accounts.

How much money can you send with TransferWise?

Sending limits vary depending on factors such as how the sender is funding the transaction, how the recipient is receiving the money and the destination country or territory. Check the limits that apply to a particular transfer on Wise's website.

What fees and commissions does TransferWise charge?

  • TransferWise does not charge a flat processing fee. Instead the cost varies depending on the amount you transfer.
  • There is a processing commission of 0.45%. For example, on a $1,000 transfer you will pay around $4.5. This is just an estimate there may be other fees and commissions to consider.
  • TransferWise does not charge a currency exchange fee. Instead, TransferWise makes a profit from the spread between the buy and sell price of the currency you purchase. Compare the exchange rates offered by money transfer services as well as fees when calculating the total cost of the transaction.
TransferWise does not charge a fee to send money to Mexico. However, remember that money transfer companies usually make money on the exchange rate so check the rate you receive to calculate the overall cost of the transaction. TransferWise does not charge a fee to send money to India. However, remember money transfer companies usually make money on the exchange rate so check the rate you receive to calculate the overall cost of the transaction. TransferWise does not charge a fee to send money to the Philippines. However, remember money transfer companies usually make money on the exchange rate so check the rate you receive to calculate the overall cost of the transaction. TransferWise does not charge a fee to send money to China. However, money transfer companies usually make money on the exchange rate so check the rate you receive to calculate the overall cost of the transaction.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

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