TransferWise is a mobile payment system that enables users to easily carry out international transactions. It follows a mid-market exchange rate when converting currencies, ensuring users that they aren’t being billed any hidden fees. In this article, we cover TransferWise reviews and pricing. Ready to get started? Visit its website.
The TransferWise pricing scheme does not include any sign-up fees. However, its currency conversion rate may be marked up from 0.33% to 3.56% depending on the amount, transfer type, and where the money is being transferred to and from. TransferWise allows users to send money through wire transfer, bank debit, debit card, and credit card.
Ready to get started with TransferWise? Visit its website.
Summary of Positive TransferWise Reviews
Users who gave TransferWise a positive review like that it provides them with a quick, affordable, and secure way to transfer money internationally. They also appreciate that its interface is straightforward and user-friendly.
One user who gave TransferWise a positive review on Trustpilot commented that she finds that bank transfers are slower and more expensive in comparison to this service. She added that she considers it to be reliable due to how she’s never run into problems or errors in her years of using it.
Summary of Negative TransferWise Reviews
Users who gave TransferWise a negative review complained that its customer support is not very helpful. Some also said that TransferWise froze their accounts and transactions without prior notice or explanation.
One user who gave TransferWise a negative review on Trustpilot commented that he called its customer service three times due to a payment error, but was still unable to resolve the issue because its agents lack proper training. He added that they were unable to offer him any help or provide him with answers to his inquiries.
Check out the list below of some of TransferWise’s features:
- International money transfers
- Finance management
- Borderless account
- Mobile app
- Currency exchange
- Mid-market exchange rate
- And more
How many currency balances does it allow?
TransferWise allows users to maintain more than 40 different currency balances in one account.
Does TransferWise accept cash & check deposits?
No, it does not. TransferWise only allows deposits that are made through debit card, credit card, bank transfer, SWIFT international transfer, domestic wire transfer, and Automated Clearing House (ACH) debit.
Have you read these TransferWise reviews and are still not sure if it’s the right fit for you? Read our reviews of all top mobile payment systems or check out one of these three TransferWise competitors.