Wise Review
The smart way to send money abroad
Wise (formerly TransferWise) is one of the most transparent money transfer services available. It uses the real mid-market exchange rate with a small, upfront fee — no hidden markups buried in the rate. Trusted by over 16 million people worldwide, Wise is ideal for anyone who wants to send money internationally without overpaying.
Key facts
- Typical fee: 0.41% – 1.5%
- Exchange margin: ~0.5% above mid-market
- Delivery time: Instant – 2 business days
- Best for: Regular international transfers
- Min transfer: €1
- Max transfer: €1,000,000
Pros
- Uses the real mid-market exchange rate
- Low, transparent fees shown upfront
- Multi-currency account with debit card
- Fast transfers — often instant
- Supports 80+ currencies
- Regulated in all major markets
Cons
- Not available in every country
- Cash pickup not supported
- Fees can be higher for exotic currencies
Fees by payment method
| Method | Typical cost | Speed |
|---|---|---|
| Bank transfer | 0.35%–0.9% + small fixed fee | 1–2 business days |
| Debit card | 0.5%–1.1% + small fixed fee | Often instant |
| Credit card | 1.5%–2.5% + small fixed fee | Often instant |
Popular corridors
FAQs
Is Wise safe to use?
Yes. Wise is regulated by the FCA in the UK, FinCEN in the US, and equivalent authorities in all countries where it operates. Customer funds are held in safeguarded accounts, separate from Wise's own money.
How long does a Wise transfer take?
Most Wise transfers arrive within minutes to 2 business days, depending on the currency and payment method. Bank transfers to popular currencies like EUR, GBP, and USD are often instant.
Does Wise charge a fee?
Yes — Wise charges a small percentage fee (typically 0.4%–1.5%) plus a fixed fee. Crucially, Wise uses the real mid-market rate, so there's no hidden markup on the exchange rate.
What is the Wise multi-currency account?
Wise offers a borderless account where you can hold, receive, and convert money in 50+ currencies. It comes with local bank details in multiple countries and a Wise debit card.
Can I use Wise to send money to Bangladesh?
Wise does not support bKash mobile wallet delivery to Bangladesh. Bank deposit availability for Bangladesh varies by sending corridor — use the comparison tool to check whether Wise appears for your sending country and amount. If your recipient needs bKash, use WorldRemit, which supports bKash delivery to Bangladesh.