Transferwise reviews

Transferwise Services

First of all, we need to state that TransferWise only supports transfers to banks. The service doesn’t have a cash pickup option other than in Asia. There is no minimum amount when it comes to transfers but there is a maximum amount you can send depending on your currency. If you are sending from GBP, the maximum you can send is 1,000,000 GBP. General money transfers take between 1 and 2 days. But in some cases depending on the country, it can take up to 4 days. With the app, you can track transfers 24/7.

Deposit and Withdrawal with Transferwise

The following methods can be used as payment methods:

• Credit card
• Debit card
• ACH direct debit
• Bank transfer
• Apple Pay or Google Pay are available as payment methods in select countries.

Transferwise fee

TransferWise is very transparent about their fees and earning model. The fees vary depending on the amount of money and where you’re sending it to. The fee is made up of a percentage of the transfer amount and a small fixed fee. If we may give an example, If you transfer £1000, that would incur a 0.6% fee plus £1, for a total fee of £6.96. This is a very low amount compared to banks. Plus, you won’t be surprised by hidden fees on Tranferwise.

Here's a list of all the countries you can send money to with TransferWise:

Argentina, Australia, Bangşadesh, Benin, Brazil, Bulgaria, Burkina Faso, Canada, Chile, Czech Republic, China, Colombia, Croatia, Denmark, Eygpt, Europe, Georgia, Gan, Guinea-Bissau, Hong Kong, Hungary, India, Indonesia, Israel, Ivory Coast, Japan, Kenya, Malaysia, Mali, Mexico, Morocco, Nepal, Nez Zealand, Niger, Nigeria, Norway, Pakistan, Peru, Philippines, Poland, Romania, Russia, Senegal, Singapore, South Africa, South Korea, Sri Lanka, Sweden, Switzerland and Liechtenstein, Tanzania, Thailand, Togo, Turkey, Uganda, Ukraine, and United Arab Emirates.