TransferWise is an online international money transfer platform dedicated to making the remittance process quick and easy for its users. TransferWise allows people to send money to 52 countries worldwide, including India, the USA, the United Kingdom, and many countries in Europe. With real exchange rates and small exchange fees, TransferWise brings its users an easytouse money transfer resource for sending money abroad at the lowest possible cost. 

Founded in London and launched back in 2011, TransferWise has attracted worldrenowned investors and gained countless awards for its innovation in the money transfer industry. TransferWise operates in the US through licensed banking partners who are registered with FinCEN, the US Treasury Department that supervises financial institutions for compliance. TransferWise has become one of the leading money transfer providers thanks to its convenient online platform and midmarket exchange rate that makes it up to 89% cheaper to send money abroad.

With no hidden costs, TransferWise is trusted all over the world as a transparent and reliable money transfer service. Using real exchange rates and removing all extraneous fees, TransferWise allows their customers the ability to send money abroad at the lowest possible cost. 

What's Good About TransferWise

Provides Mid-Market Exchange Rate that make it up to 89% cheaper to send money abroad
Customers have transferred $4.5bn using the platform - an approach that has put over $200m back in their pockets
FAST Transfers with NO Hidden Charges


Please Note: With a straight forward money transfer process, users can expect a transfer time of 1 to 4 working days, sometimes the transaction does take longer, due to TransferWise’s thorough account verification process, the currencies involved and Upload Money method chosen (as well as bank holidays etc.). As long as TransferWise receives the USD deposit in the first 24 hours from order setup, the USD exchange rate is fixed for your transfer. With ACH Bank Debit payments, the rate stays locked beyond 24 hours providing a 'successful' attempt is made within the first 24 hours.
To learn more, visit Understanding Why does it take Longer to Send Money Overseas?


FEATURES (Currently showing rates for USD to INR change )

Exchange Rate Type

The rate-lock with transfers from the US applies for 24 hours starting the moment the transfer has been set up. If during these 24 hours funds arrive (if customer sends the funds via domestic wire) or a connection to the bank is made (if customer uses ACH Direct Debit) the starting rate (the mid-market rate at the moment of transfer set up) will be used. If the funds don't arrive or no connection to the bank is made in 24 hours, the current mid-market rate at the moment of conversion will be used.
₹ Amount
₹ Fee
Bank Account
Up to $36,000
Transfer Time
Bank Deposit - 3 Days

An ACH Direct Bank Debit via TransferWise is free. For some payments, it can take an additional 5 working days for the deposit to clear to TransferWise. There is a $5000 limit per payment and per day
Transfer Type
ACH Transfer
Wire Transfer
Daily Transfer Limit
Daily limit of $5,000 for ACH Transfer
Receiving Method
Bank Deposit
Customer Service Info
Mon -Fri 9:00am - 5:00pm (EST)
Company Headquarter
London, UK
Company Type
Remittance Providers
Mobile App
Company Established
Text Update (SMS)
Email Updates
Provider's FAQs
Referral Program
Key Feature
- Send Money easily and quickly with low cost money transfer fees.
Document Requirements
Verification could be triggered. If so, prepare to send a copy of ID and any document that can provide proof of address.


TransferWise is an online international money transfer platform that allows people to send money abroad easier and at the lowest possible rate. Established in London and launched in 2011, TransferWise provides for its users a bank alternative, encouraging customers to outsmart their banks and save when sending money abroad. Using technology developed by the same people who created Skype and PayPal, TransferWise has become one of the world’s leading remittance services.

While living and working in London, Estonian founders Taavet Hinrikus and Kristo Käärmann created TransferWise as a better way to exchange currencies. Today, TransferWise allows users to send money abroad to many countries worldwide, including the USA, Canada, most European countries, and some countries in Asia and Australia. It has grown to support money transfers between 15 currencies and supports transfers from those 15 to an additional 7 currencies. TransferWise plans to support 37 other currencies within the coming year.

Much of its success relies on its easy-to-use online money transfer platform and fair exchange rate fees. Unlike banks, which charge up to 5% in hidden fees, TransferWise customers only pay 0.9%. Founded on its commitment to bringing customers a bank alternative, TransferWise gives mid-market exchange rate to the users that makes it cheaper to send money abroad as compared to using a bank to transfer money abroad.

World-renowned leading investors such as Virgin CEO Sir Richard Branson and PayPal co-founder Peter Thiel have invested in TransferWise, contributing to the investment funding that the international money transfer service has received. It has received multiple awards as an innovative startup in the remittance industry.

Giving customers a platform where they can send money abroad at the lowest possible cost, TransferWise allows users to send money in their local currency using a debit card, just as they would a normal bank transfer. Providing a way to transfer money abroad at a cost that is up to ten times less than what banks charge, TransferWise has become a leading international remittance service provider that customers trust.


Q: Why does it take longer to send money with TransferWise?
The transfer with TransferWise something takes longer than usual, more than 5-6 days because of the strict verification process. Since Transferwise is regulated by FCA (Financial Conduct Authority) regulation, TransferWise is to check individual's details, verify their identity and address before proceeding to the actual transfer transaction. FCA regulations are designed for efficient functioning as well as to protect customers.

Q: Why does TransferWise perform the verification process?
TransferWise will ask for verification from all customers at one point during the transaction process. This is because the company is regulated by the FCA (Financial Conduct Authority) and HMRC (HM Revenue & Customs).

Q: What to consider while sending money with TransferWise?
There are three ways to send money from the US:

  • Direct debit (up to 5000USD)
  • Wire transfer
  • SWIFT (TW don't accept cash or cheques)

Customers can’t send money from Massachusetts, Vermont, Washington state, and customers need to verify their SSN numbers when paying from Arizona or Oklahoma.

Q: When is the transaction cancelled?
Transfer is cancelled if:

  • TW doesn’t receive money in two weeks
  • Customer is using someone else's account or card
  • The names don’t match on the bank account and the profile


Posted on October 11, 2016, 02:02 pm

I have used them 3 times, and they have given me the rate promised and sent the money in 2-3 days. I like the feature that once you send money, the next time you can just click on "repeat" and not have to enter all the information again (if you are sending money to the same person).

Posted on August 11, 2016, 10:59 am

I was really surprised to read any negative reviews - maybe it's different for other countries? I was transferring from Brazil to USA. The exchange rate was almost the same that I saw on Google (i.e. the commercial rate, NOT the tourist rate), and the fees, while they weren't truly cheap, they were still much cheaper than a wire transfer or Western Union - both of which have the same fees, but offer a much worse exchange rate (usually the tourist rate). The only downside, which is not TW's fault but a country limitation, is that I can only send R$9999,00 per month. That's Brazil's fault, though - and it was easy enough to just ask my husband and best friend to create accounts and I paid the "bill" out of my own bank account. I'll continue to use this service over and over again. The entire thing takes less than 5 minutes once you're set up in the site. I'm so totally sold. The only thing cheaper would be trading directly with someone else, which is risky.

Posted on August 03, 2016, 02:24 pm

Very user-friendly interface / website. Especially compared to cluncky interfaces like ICICI m2i. So far it was a easy and streamlined process. Will check how the transfer itself goes!

Posted on July 13, 2016, 04:05 am

Transferwise is amazing and by far the best way to transfer money abroad. I am using it all the time and gives by far the best rate that its competitors without hidden fees. In most cases my request is processed in 24 hours.

Posted on June 22, 2016, 02:26 am

I am an extremely satisfied Transferwise user. It is by far the best way to transfer money in a fast, reliable way and with really low fees. I have tried many different ways myself and it is really in front of all of its competitors.

Posted on May 31, 2016, 03:10 pm

Quick Reliable and Trust worthy no hidden fees straight forward service no haggling at the bank over paperwork seamless online transaction. This is my unbiased consumer review because lord knows transfers can be a pain and this was finally the first company I have come across that was pain free :D IN-JOY

Posted on May 25, 2016, 04:29 am

I used TransferWise and I am happy with the rate, I will be using this service again.

Posted on May 20, 2016, 12:18 pm

best rate easy to set up and within 2 business day it will go to ur indian account ,if you have this below referral link then you can send 750$ without ny fees and if you calculate you will get best rate at list 50pf/1$ xxxxx.yyy use my link you will get 0 fees for 750$

Posted on May 19, 2016, 08:01 am

Excellent service, Highest competitve rate in comparision to all, Used it again

Posted on May 18, 2016, 04:02 pm