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How To Send Money To Other Country From AnyWhere In The World (TransferWise Review)

transferwise review

Introduction

With the globalization of things all over the world, it has now become easy to move from anything from one part of the world to another part of the world, things including goods, services and even money.

There have been so many solutions to provide to be able to solve this problem, but most of which comes at a price that not everybody would be able to afford.

Do you have a global business or intend to run one in future and you are scared of the conditions that come with opening and running an offshore account, then I have come to provide you with a solution. That solution is called Transferwise.

About Transferwise.

Transferwise makes it very easy to run your finances across the borders of any nation without any hassle, it comes at relatively no cost, the exchange rate is relatively moderate.

You also get a chance to open an offshore bank account with top banks in the UK, Australia and The United States Of America.

There is no documentation needed to get started apart from your full name, e-mail and address and some very few validation processes that requires your international passport.

You also get the chance to be able to withdraw your funds to your local bank account in your residential country, this makes it easy to run and get started from any nation of your choice.

It is completely borderless and seamless.

Transferwise Features.

Transferwise, unlike any other global fintech startup, is relatively borderless and seamless as stated earlier, it also comes alongside with awesome features.

1. Money Transfer.

Do you want to be able to transfer money from one part of the world to the other part, then you can get started today with transfer wise.

You can move money from your present destination no matter what country you are to any first world or third world nation of the world.

2. Multi-currency and Offshore Account.

Do you have a global business or you want to be able to bank money in foreign safety then you can get started with Transferwise?

You have access to bank with very big banking names likes Barclays and many others.

You can create as many bank accounts as possible, you can also get your funds transferred to whatever location you are.

Also coupled with the fact that you can open various bank accounts, you also get the chance to bank in so many currencies such as the US dollar, Pound Sterling and Euro.

3. Currency Converter.

The inbuilt currency converter allows you to be able to convert over 180 currencies all over the world in real-time, this feature also makes sure that you are never cheated.

How To Get started with Transfer Wise.

Getting started with Transferwise is easy, that all you need is to submit your details and email address. Just follow the steps to get started.

1. Log in to Transferwise official website.

transferwise review

To get started you have to visit the official website of the Transferwise via desktop or mobile.

You can do that by clicking the link here

2. Click the signup button to register and get started.

transferwise review

Just as the way you signed up for a Facebook, Instagram account, all you need to is to fill in your name, email and password, also make sure to set a two-factor authentication so that your account can be secured from hackers.

3. Start exploring the dashboard.

transferwise review

At long last, you are going to be presented with the official dashboard where you get to see everything and do anything you want.

Upon landing on your dashboard you should be able to get the details of your account, real-time transfers, send money and also run multiple borderless bank accounts.

Frequently Asked Questions About Transfer Wise.

For most of the people that are relatively new to this platform, there is every likelihood that you will have some very few questions to ask, and here are some few questions that I think will answer your questions.

1. Is Transferwise safe to use ?.

To shock you, Transferwise is one of the very legit platform out there that allows you to do more with less, For very few of us that are coming from a Paypal background, I think Transferwise will be a better option.

TransferWise is regulated by the Financial Conduct Authority, and this makes it very authentic and safe to make use of.

2. How Long does Transfer take?

Moving money from the border of your country takes nothing less than a day, so you don’t have to worry.

3. Does Transferwise support my currency?

One very interesting part of this platform is that it supports over 156 currencies of the world, even third-world nations are not excluded.

4. How much does it cost?

Transferwise is free to use, and it comes at no cost at all when getting started, but minimal fees are charged on every transaction, for me, it is way better than using outdated services like Western Union.

Pros and Cons of Transferwise.

TransferWise rate themselves on a simple fee structure and great exchange rates. The online system is easy to use, and users are almost universally satisfied.
Tranfserwise as a global payment platform also comes with its own pros and cons, most of which would be highlighted in this section below.

Pros.

Below are some of the core pros of using Transferwise.

1. It not very costly to send money abroad, you get full transparency of all fees and costs.

2. Very fast when you make card transfers but slightly overpriced
Fixed rates are guaranteed for 24/48 hours.

3. Individual service during set up, and Easy to use mobile app
Operate in major countries.

4. More affordable than fixed fee bank account rates to transfer money

Cons.

Just a few cons to go by.

1. Customer experience, essentially directed online rather than the phone.

2. TransferWise is not vast with huge transfer amounts.

Conclusion.

The big question that comes to the mind of every first time user is the safety of using TransferWise to send money.

Yes, Transferwise is very safe. It is a business entity formally regulated by the economic institutions of the European Union, the United States and dozens of nations around the world.

Transferwise started as a “Startup” by the inventors of Paypal and Skype and is today one of the most valuable companies in the FinTech world.

All this success would not have been feasible without the safety of the service. A singular mistake accompanied by a critical comment and, nowadays with the Internet, this verdict will have damaged the companies reputation.

At Transferwise, they know their strengths: price and security, which is why they take it earnestly. And, of course, they are approved by the FCA (Financial Conduct Authority) in the United Kingdom under the Electronic Money Regulations 2011, with Firm Reference 900507.

Another advantage, its customer service is outstanding. Available 24 hours a day and in French, so if a problem happens, it is resolved instantly.

In short, when questioned if Transferwise is safe, the answer is yes, and the security is comparable to or better than any other financial institution all over the world.

Getting started with Transferwise is very easy and all you need do is click the link.

What do you think?

Written by Udemezue John

Udemezue John is a web developer, digital marketing expert, and a Serial Entrepreneur.

He Started his digital marketing career at a Health and Wellness network marketing company where he learnt to create paid Facebook ads and Google ads.

He brings a unique, uncensored approach to his travelling experience and writing.

His work is published in major publications on Medium.com, and many others.
Udemezue John started my journey as a digital nomad in the year 2013 after completing his high school, to seek financial freedom, and also to help small and large scale business seek the financial freedom they need.
This is more reason why he started this blog and also started his digital marketing company called Inspire Africa.

Life is to be enjoyed. You can connect with me on twitter Twitter.com/_udemezue

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