2/28/2023 0 Comments Wise transfer![]() ![]() US customers can pay using the following methods: Check the status of your transfer online or in the mobile app. Enter your bank account, debit, credit card or digital wallet details to pay. Have your passport or valid driver’s license ready and provide evidence when prompted. ![]() Input your recipient’s bank account information including routing and account number. Look at the fees and the delivery time when you have entered how much you want. Create your free account online or through the mobile app. How to send money transfer online with Wiseįollow these six steps to have money sent in as little as a few minutes: Wise only supports bank account transfers, but the transaction is easy to complete online. What are the ways I can send money abroad with Wise? Wise’s rates update multiple times a day. When we checked Wise’s rates against the mid-market rate on Google and Xe, they were similar. Most money transfer providers will add a markup to their exchange rate in order to make a profit. Wise is unusual as it uses the mid-market rate for transfers and also allows you to lock in a rate for a day or more to complete your transfer. ![]() When we checked on August 8, 2022, Wise’s fees for sending $1,000 to India were as follows:Ĭompare money transfer fees now How are Wise’s exchange rates? You can pay by bank account ACH, bank wire transfer, debit card or credit card - each uses its own fee based on the amount you are sending, but the percent will typically be the same no matter how much you send. This is because the fees are based on a preset percentage. The more money you send, the higher your fees will be. It typically charges a fixed fee and then a small variable fee which is usually a percentage of the amount that’s converted.įees are also determined by the following: Wise is transparent with its fees and you will always see the cost upfront. Because Wise offers the mid-market rate, it relies on fees to make a profit. You have to provide your SSN and possibly other identification before sending your first transfer through Wise. This extra step can sometimes add time to your transfer. You’ll first send the money to Wise, and then Wise will deposit the money into your recipient’s bank account. Funds must be sent to the recipient’s bank account there is no option for cash pickup. ![]()
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