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wise.com - have you used them and are they trustworthy

old_motters
old_motters Posts: 292 Forumite
Part of the Furniture 100 Posts Combo Breaker
edited 23 April 2021 at 12:47PM in Flights, currency & car hire
Hi - I am looking at transferring a few thousand pounds to an account in the USA as USD.  The best rate I can find is through wise.com (formerly transferwise.com).  I've not heard of them and would really like to know if anyone has used them successfully (or not!).

Comments

  • Westin
    Westin Posts: 6,295 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I use Wise (Transferwise) frequently for both business us on USD$/EUR€ transactions, plus on a personal level for AUD$ transfers to Australia.  I have always found them very competitive on exchange rate and transaction fees, plus always had good service experiences. 

    I'll PM you a referral link ;)
  • dsab
    dsab Posts: 328 Forumite
    Part of the Furniture 100 Posts
    I can highly recommend them. I have used them every month for a few years now and never had an Issue. Depending on the country the money sometimes arrives within an hour of sending.
  • greyteam1959
    greyteam1959 Posts: 4,708 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I have used them for several years.
    Always the most competitive rates and your money moves in seconds.

  • eDicky
    eDicky Posts: 6,835 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    I've been using TransferWise/Wise since they began, always found their service good value, efficient and fast. Once or twice a transfer was held up for checks, being informed of this in the app, but it moved on in much less time than they said it might take. Once I paid them twice by mistake, a quick call to their CS in Latvia(?) had it immediately sorted with a quick refund.
    Evolution, not revolution
  • s_r
    s_r Posts: 42 Forumite
    Second Anniversary 10 Posts Name Dropper
    Yes, I’ve used Wise on a number of occasions for money transfers to different countries and never had any issues apart from sometimes transfers being held up slightly for checks (but their app always keeps the status updated so you know the progress continually).
  • Baby_Angel
    Baby_Angel Posts: 540 Forumite
    Ninth Anniversary 500 Posts Name Dropper
    I have used them for several years now to various countries. Reliable and quick. Done transfers to/from UK and Germany and to Canada, India and Srilanka. Never had issues. 
    SPC 08 - #452 - £415
    SPC 09 - #452 - £298
  • Sandtree
    Sandtree Posts: 10,628 Forumite
    10,000 Posts Fourth Anniversary Name Dropper
    They are a significant company, and indeed just about to become a PLC with their IPO.

    Only used them twice personally but each time the recipient confirmed receipt within the hour and some of that delay could well be the speed of banks in the recipient country.
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