International money transfer provider

Wise

Global money transfer platform

A digital international transfer and multi-currency payment service. Fees and the exchange rate are shown up front. A dedicated FX dealer is not described. Listed for comparison.

At a glance

Provider type: Global money transfer / multi-currency payment provider
Global reach: Very high
Countries / coverage: A country count is not stated. Sending is described across 45+ currencies, and account or card coverage varies by country.
Currencies: 45+ transfer currencies. The Wise account can hold 40+ currencies. Holding a currency is not the same as sending it.
Delivery method: Bank transfers and local payment rails. Funding and delivery vary by corridor.
Large-transfer fit: High. Suitability for larger amounts is described as high. A dedicated dealer, forward contract or high-net-worth treasury service is not described.
Business capability: Available. Wise Business, with batch payments and an API. A dedicated dealer or forward contract is not described.
Support model: Digital-first. A dedicated dealer is not described.

Who it may suit

May be relevant to: People making everyday international transfers who want the fee and rate shown before they send, and businesses using Wise Business. That describes the published focus. It is not a view on whether this provider is appropriate for your transfer.

Where can this provider send money?

Coverage can depend on both the sending country and the destination corridor.

A country count is not stated. Sending is described across 45+ currencies, and account or card coverage varies by country.

Global reach in the reviewed material: Very high. That is not a statement that the service is open from every country.

Which currencies can you send?

A currency count is not a country count. Confirm both the currency and the corridor.

45+ transfer currencies. The Wise account can hold 40+ currencies. Holding a currency is not the same as sending it.

How can the recipient receive the money?

Delivery can differ by destination. A method named here is not available on every corridor.

Bank transfers and local payment rails. Funding and delivery vary by corridor.

What does the transfer really cost?

Total cost is the provider fee, plus the exchange-rate margin, plus possible correspondent or receiving-bank fees.

Pricing transparency: Very high. Upfront fees and exchange-rate information are shown.

A live quote is not shown here. Ask the provider for the amount the recipient would receive.

How should you compare the exchange rate?

The mid-market rate is a useful reference point, not necessarily the rate at which a transfer provider will trade with you.

Upfront fees and exchange-rate information are shown.

Is this provider set up for large transfers?

Large-transfer fit: High. Suitability for larger amounts is described as high. A dedicated dealer, forward contract or high-net-worth treasury service is not described.

Property, investment and relocation are not named as use cases in the reviewed material.

For larger transfers, execution timing and documentation can matter as much as headline pricing.

Business payments

Business transfers: Available. Wise Business, with batch payments and an API. A dedicated dealer or forward contract is not described.

Wise Business
Batch payments
API

Support model

Digital-first. A dedicated dealer is not described.

App and website.

What checks should you expect?

A provider may ask for identity, the source of funds, and the purpose of the transfer. For a larger or unusual payment it may also ask for a sale agreement, a property completion statement, an invoice or an investment statement.

Payment / e-money provider, not a bank. The entity, safeguarding and availability depend on the customer’s country.

WiT Access does not collect those documents. Ask the provider which papers apply to your transfer, and which legal entity would process it.