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TransferWise has a rating of 2.2 stars from 40 reviews, indicating that most customers are generally dissatisfied with their purchases. TransferWise ranks 117th among Money Transfer sites.
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This is a convenient and responsive fintech / financial service providing debit cards and inexpensive money transfers worldwide. It lets my customers pay me swiftly. We use them a lot. Also convenient to have one's own bank account number for several currencies each in another country. Only disadvantage is they do not offer direct debit. Off late though they are becoming a bit more bureaucratic, even for people (potential customers) we referred to them and their rates are creeping up. They are also getting a bit slower in processing transfers in certain cases while in others they became faster. Their communication remains very fast. So I gave them 4 instead of 5 stars because of these kind of slight deficiencies that before did not occur.
They desactivate accounts with no reason and they threat people like criminals. They hold your money for at least months and the problem they dont communicate with you so you dont know if you will get it back or not. Be aware, dont believe if you see they have good rating because when one opens his account and do his first transaction, a pop tell him to rate transferwise 5 and he did because we were all satisfied in the first day/but later they steal your money so please choose an alternative
My experience with Transferwise is excellent, nothing to add. I have personal and business accounts with them.
I love Transferwise! Me ayuda muchísimo a hacer pagos a otros países. Las tarifas son las mejores y acabo de activar mi borderless account.
Given I have bank accounts in different countries, this product is miles ahead of any competitor in terms of exchange rate.
I've used it a few times to move money and it's been done fast and securely. Saved a large amount I would have otherwise lost to currency exchange fees and poor conversion rates from banks - saving money is earning money! The app and customer service are great too, I've received quick and helpful responses after asking them questions.
Also a nice bonus to get the first £500 of my transfer for free after joining using a friend's link. If you are thinking of joining, feel free to use mine and you will get your first £500 or equivalent for free too.
transferwise.com/u/christopherd59
Fair, friendly, and it works!
They are one of the few fair alternatives to money transfer internationally.
The most of other services available are loan sharks.
I have appreciated a lot the low fees and the great, friendly and prompt customer support.
We have to support TransferWise because those guys are doing a great service to all of us, with not so much money, that need to transfer and are often victim of this crazy speculative bank system.
Thanks!
Tip for consumers:
You can use it with nearly any bank or credit card
They are great. Low fees, I control my own account and transfers. I have accounts with ofx worldfirst and other UK brokers(frauders)and transferwise is way above.
I am pleasantly surprised by how great the service is. I have made quiet a few transfers and was never let down.
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Banks charge a lot for overseas transfers. We dont. Transfer money abroad easily and quickly with our low cost money transfers.
