Wise International Transfers: Who Qualifies and What You Get
Learn how to use Wise for international transfers using mid-market exchange rates and transparent fees.
Wise International Transfers is a service that allows you to send money to other countries using the real exchange rate used by banks to trade with each other.
Who it's for
This service is available to anyone who holds a bank account.
What you get
You get access to mid-market exchange rates. This means you receive the same rate you would see when searching on a search engine, rather than the higher rates typically added by traditional banks.
What it costs you
There is a small, transparent fee applied to every transaction you make.
The catch to know
You must complete a strict identity verification process (often called KYC) to use the service. You will need to provide official documentation to prove who you are before you can send money.
How to apply
- Visit the official website.
- Set up an account using your personal details.
- Complete the required identity verification steps.
- Enter the amount you wish to send and the recipient's details.
- Follow the prompts to fund your transfer.