HOW TO: Create a new WISE Account
Wise, formerly known as TransferWise, is an online financial platform that specializes in international money transfers and other financial services. It was founded in 2011 and has gained popularity due to its transparent fee structure, competitive exchange rates, and user-friendly interface. Advantages of a Wise account include: Low Fees Wise uses a transparent fee structure, charging only a small upfront fee and offering mid-market exchange rates. This makes it often cheaper than traditional banks or other money transfer services. Transparent Exchange Rates Wise offers the real exchange rate (also known as the mid-market rate), which is the rate you'll find on independent financial websites. This ensures that you get a fair and transparent conversion without hidden markups. Fast Transfers Wise enables quick and efficient money transfers, with many transfers completed within a few hours, especially for popular currency routes. Multiple Currencies With a Wise account, you can hol