TransferWise is a revolutionary online money transfer service that allows individuals and businesses to send and receive money in multiple currencies with low fees and real exchange rates. The platform was founded in 2011 by two Estonian friends, Taavet Hinrikus and Kristo Käärmann, who were frustrated by the high fees and hidden charges that traditional banks impose on international money transfers.
With TransferWise, users can send money to more than 80 countries and in over 50 currencies, making it a convenient and cost-effective solution for those who frequently conduct international transactions. The platform offers competitive exchange rates and transparent fees, which are displayed upfront and typically lower than those of traditional banks.
TransferWise also offers additional services, such as a multi-currency account, a debit Mastercard, and the ability to receive payments from overseas clients or customers directly into your account. These features make TransferWise a one-stop-shop for all your international financial needs.
For added convenience and savings, TransferWise frequently offers voucher codes and discounts to new and existing customers. These codes can be applied during the transfer process to receive a percentage off the transfer fee or even a waived fee altogether.
With its user-friendly interface, transparency, and low fees, TransferWise has become a popular choice for individuals and businesses alike. The company has received widespread recognition for its innovative approach to international money transfers, including being named one of Forbes' "Fintech 50" companies.
Whether you're a small business owner, freelancer, or individual looking to send money overseas, TransferWise is an excellent option to consider. With its competitive rates, transparent fees, and occasional voucher codes and discounts, it offers a reliable and cost-effective solution for all your international financial needs.