USA IND

₹ 71.49

USA PHL

₱ 52.19

USA MEX

Mex$ 19.37

HIGHLIGHTS

TransferWise is a fast, award-winning money transfer company built for lives without borders and dedicated to making the remittance process quick and easy for its users. TransferWise allows people to send money to 55 countries worldwide, including India, the USA, the United Kingdom, and many countries in Europe. TransferWise don’t hide a markup in the exchange rate you see and give you the true, mid-market exchange rate - independently provided by Reuters - plus a fair, low cost fee that’s clear and upfront.  

Founded in London and launched back in 2011, TransferWise has attracted world renowned 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 companies thanks to its convenient online platform and upfront cheap fees, never charging any hidden fees in the exchange rate.

Due to this, TransferWise is trusted as a transparent and reliable money transfer company. Using the real exchange rate 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 independently provided by Reuters and free from markups.
Customers have transferred $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 straightforward money transfer process, users can expect a transfer time of 1 to 2 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 USA to IND change )

Today's Rate
$ Amount
₹ Exchange Rate
$0 - $36000
₹71.49*
Exchange Rate Type
Locked-in
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.
Transfer Fee
Bank Account
$ Amount
Fee
Up to $36000
0.892%
Transfer Time
Bank Deposit
2 Days
Transfer Type
  • ACH Transfer
  • Wire Transfer
Daily Transfer Limit
₹100 million to private customers
₹1.5 million to businesses
Customer Service Info
1.888.908.3833
Mon -Fri 9:00am - 5:00pm (EST)
Company Headquarter
London, UK
Company Type
Remittance Providers
Mobile App
Company Established
2011
Text Update (SMS)
Yes
Email Updates
Yes
Provider's FAQs
Referral Program
Yes
Key Feature
Send Money easily and quickly with low cost money transfers and no hidden fees in the exchange rate.
Document Requirements
Verification could be triggered. If so, prepare to send a copy of ID and any document that can provide proof of address.

EDITORIAL REVIEW

TransferWise is an online international money transfer company 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, 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.

Much of its success relies on its easy-to-use online money transfer platform and fair exchange rate fees. Unlike banks, which can charge an upfront fee and up to 5% in hidden fees in the exchange rate, TransferWise customers only pay 0.9%. Founded on its commitment to bringing customers a bank alternative, TransferWise offers the mid-market exchange rate to the users, which 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.

FAQS

 

Q: Why does it take longer to send money with TransferWise?
The majority of transfers out of the US are completed within 1 business day. However, occasionally, a transfer with TransferWise may take longer than usual, because of the required verification process. Since Transferwise is regulated by the FCA (Financial Conduct Authority), TransferWise must verify people’s identities before proceeding to the actual transaction. FCA regulations are designed to protect customers and prevent illegal activity, such as money laundering or terrorist financing.

 

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

USER REVIEWS

Chris
Posted on June 22, 2019, 08:57 am

Brilliant Service. 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 a quick and helpful responses when asking them questions. Also got £500 of my first transfer for free having joined using a friend’s link. If you are thinking of joining, please feel free to use mine and you will get your first £500 or equivalent transfer for free too. transferwise.com/u/christopherd59

 
Olga Pomerbasch
Posted on June 20, 2019, 05:47 am

CUSTOMER SUPPORT +1-8OO-648-162O.. lus a fair, low cost fee that’s clear and upfront. Founded in London and launched back in 2011, TransferWise has attracted world renowned 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

 
Chris
Posted on February 02, 2019, 02:21 am

Brilliant service, my money was moved fast and delivered safety. Good alternative to the banks and their high extortionate fees. I used a friends invite and got my first £500 for free. Please use my link below to your first £500 transfer for free too. https://transferwise.com/u/christopherd59

 
Ashish
Posted on November 01, 2018, 05:31 pm

Really great experience. Their UI is very streamlined and transparent. Plus I didn't had to wait for my account approval as for some other sites. The money arrived in about 3 hours they said it will arrive in 2 but that much leeway is acceptable. I liked it.

 
John Miller
Posted on September 09, 2018, 06:33 am

Do you notice they no longer reply to complaints. Is this company going out of business? They lost a large sum of my money and will not do squat about finding it. They say it is in the system and just wait. I've waited two months and no sign of it. When I asked for the company's address, they lied and said they do not have an office in Canada. Well, if they're registered here, they have to have an office. I will find it, and sue to get my money back. Stay tuned.

 
Richard
Posted on August 28, 2018, 07:36 am

I have been using TransferWise for more than a year. I used to use XE. Their rates and transfer times are unbeatable. It takes me 12 seconds (yes seconds) to transfer money from my US bank to anyone in the UK. Their customer service is also very knowledgeable and courteous.

 
Entrepreneur
Posted on August 07, 2018, 10:56 am

TransferWise has good exchange rates and the lowest fees I have seen for both personal and business transfers. I have used them for 4 years now and have saved so much money. Transfers are secure, fast, and easy. Receive your first transfer free up to $500 here: transferwise.com/u/erinc49

 
Nick
Posted on July 17, 2018, 10:48 am

This has been a super easy way for us to transfer money from our bank account to our landlord's account while living overseas. Make sure you have all the proper information, or the transaction might not work. You are welcome to use our code if you would like to try! transferwise.com/u/nicholasp325

 
Patil
Posted on July 08, 2018, 08:51 am

I have used transferwise quite many times now. They are certainly giving great exchange rate. I was little worrying about to give a try but found out really well. The only painful part is they have large fee for transaction. But you may get your first free transfer using this link transferwise.c om/u/sagarg8.

 
Andy
Posted on May 24, 2018, 07:20 am

Works perfectly for me. I send money to my parents and the fees are super low. This is also fast. Same day!

 

Partner With CompareRemit

The world’s top remittance companies have chosen to work with CompareRemit and are already reaping the benefits. You can too. View Testimonials.
Put your brand in front of millions of active remittance users, ready to send money using your services.
Contact Us