Pricing Benefits

When you use a Wise account for international purchases or transactions, it can be up to eight times cheaper than using a traditional bank. Setting up an account is free, and there are no subscription fees or minimum balances to concern yourself with.

No matter what currency you use, Wise will convert it so that you not only get the real exchange rate but you also pay the lowest possible fee. The same goes for when you need to send money. The exchange rate is never inflated, so it doesn’t cost you anything extra.

Safety and Security

Like any financial institution, Wise is regulated in every country it operates in. This includes the FinCen in the US and the FCA in the UK. They work within the guidelines to ensure you and your money are always protected.

Wise also employs an internal team that manages its security. The team members stay up to date with accreditations and ensure the software is always the top of the line so that nothing can go wrong.

Speed of Transactions

Over 80% of Wise transfers arrive within a day. 30% of them are received instantly, and 53% come within an hour. There’s even a helpful calculator on the Wise homepage that estimates how long you can expect the funds to clear in a recipient’s account.

The four key attributes that determine the speed of a transfer include the countries you’re sending from and to, the account-type you’re transferring from, the time of day, and if any additional ID verification is required.

Coverage of Countries

As a Wise customer, you can send and spend money in over 50 different currencies. The Wise Debit Card is accepted anywhere that takes Mastercard or Visa, and the funds will automatically convert, so you always get the best exchange rate.

Converting money is easy, and you’re able to hold more than 50 currencies at once in your account. There’s a small fee that’s required to make the change. You can find out how much you need to pay on their website using their helpful calculator.