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The idea at the basis of TransferWise is to magically transform any international money transfer into a national one (usually free or costing much less than international ones), thus reducing costs for its users. TransferWise holds bank accounts into each single country where it operates,...Is TransferWise safe to use?
Luckily, TransferWise is one of the few services to transfer money abroad that has proven to be safe and secure. TransferWise is also simple. According to multiple verified reviews, TransferWise is one of the safest services to transfer money overseas services currently available.How to use TransferWise?
Step by step guide Enter the amount you want to send and the currency you are sending from and to. The exchange rate and total fees will be displayed instantly. ... Provide personal details and the name of the person you're sending money to. Enter the recipient's IBAN and his bank's BIC/SWIFT code. ... The last step is to upload money to Wise. ...How secure is TransferWise?
Any communication of sensitive information between the user's browser and the TransferWise servers is encrypted using Secure Socket Layer (SSL) and HTTPS encryptions. TransferWise is also fully authorised with the UK Financial Conduct Authority (FCA) as a payments institution (reference 571669).