The fees you’re paying might be hidden in the bank’s ‘exchange rate’ but you’re definitely paying them. But why? Well with TransferWise’s new app you don’t have to. Transfer money, quickly, easily and at the real exchange rate with pay minimal fees. No brainer right?
How does TransferWise work?
The costs are brought down by removing the international transfers. Weird? Let me explain. You transfer your cash to TransferWise’s Australian money pool and then they authorise a transfer of the equivalent amount (in the new currency) of money from their (for example) money pool in the UK. It is then transferred to your recipient account, meaning two local transfers are used, therefore, no actual changing of currency or charges associated with it.
Why transfer with TransferWise
It’s fast. With 90% of transfers happening in a day or less, it’s perfect for transferring cash quick. It’s safe. Secure and reliable, registered transfers mean zero stress. It’s easy. You can transfer from any device from cash on a card or bank account.