₱ 49.85


Mex$ 21.59

FEATURES (Currently showing rates for to change )

Company Headquarter
London, UK
Company Type
Remittance Providers
Mobile App
Company Established
Text Update (SMS)
Email Updates
Referral Program


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.



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


Renjith Narayanan
Posted on May 29, 2020, 01:32 am

I have been using transferwise for more than 4 years now, and transferred money to India many times without any issues. Now a days it is taking very less time to transfer money from UK to India. Please use my referral link to get your first £500 (or equivalent amount in AUD,USD etc.) transfer for free too.

Posted on May 13, 2020, 04:01 am

I can't rate it. All went well, happy with rates and speed, went to access my account - DEACTIVATED. Comments below all say the same. I started the "appeal" process - that's got to be bullshit. Appeal? Sounds like an Australian government department! Wondering whether there are games being played with law enforcement trying to catch money launderers. What a total disappointment!

TransferWise customer care number 9134428075
Posted on March 30, 2020, 08:04 pm

TransferWise customer care number 9134428075 TransferWise customer care number 9134428075 TransferWise customer care number 9134428075

Posted on January 28, 2020, 11:04 am

transferred money to Australia was faster than expected made an account verification was easy i made a mistake giving my call name as 1st name they corrected it and money was transferred faster than expected (from Netherlands)

Bela Gere
Posted on January 21, 2020, 05:11 am

I used it only for money transfers the last 3 years but now I decided to use it as my everyday account. Best exchange rate and transfers sometimes immediate to other country. I have 13 bank accounts, the latest are Monese, N26, Starling. But I have issues with them suspending account for weeks and asking for further documents and than nothing. That's crazy. I even sent £30000 to Spain and had no issues with TransferWise. I wouldn't trust any other money exchange company to send this much. To send money free up to £500 use my code:

J Patil
Posted on December 13, 2019, 02:50 pm

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/invite/u/sagarg8 ...remove any spaces. I also prefer their mobile app which is super easy to access to make your transaction with super ease. Good service for your hard work savings and for your family. I will definitely recommend this to all to just give a try.

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.

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

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.

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.

Similar Companies

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