based on 5 reviews

TransferWise is a peer to peer money transfer service founded by Kristo Käärmann and Taavet Hinrikus. While headquartered in the UK, it serves nationals of a range of countries, including USA, UK, China, Germany, Turkey, etc.

You can use TransferWise to send money to the recipient's bank account, or email address in case you do not have bank details (this may not be possible for certain currency pairs). 15 currencies can be traded bilaterally using this service.

TransferWise only supports spot transactions for both business and personal use. Payments can be made via bank transfer, debit or credit card, and even Apple Pay. Additional methods of payment vary by country.

TransferWise is suitable for both personal and business use. The company primarily deals with personal users, and is recommended for smaller transactions, of £5,000 and below.

Registration for TransferWise is a straight forward process, requiring some general information, and verification of ID. Business registrations require a personal account prior to setting up a business account, and may require additional verification steps.

What our community says

Very easy to use service. Can even send the money to an email address, allowing the recipient to enter their bank details!
Nov. 17, 2016, 9:56 p.m.
By far the best and most reliable currency transfer website.
Matt Lovett
July 20, 2016, 9:16 a.m.
Speedy and easy process. All round excellent really.
June 6, 2016, 3:30 p.m.
Been using Transferwise for 6 months now. Done me no wrong.
June 1, 2016, 9:20 a.m.
Heard about TransferWise from a friend - reliable service and cheaper than the bank.
May 18, 2016, 3:39 p.m.