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Frequently Asked Questions

How do I transfer money with TransferWise?

TransferWise works by maintaining local bank accounts in each country. That way, when you want to send money from Japan to the UK, you make a local bank transfer to TransferWise in Japan, then they make a local bank transfer to the target account in the UK. This makes it very fast and allows them to keep fees low.

Is TransferWise a good way to send money abroad?

TransferWise uses the standard exchange rate—not your bank’s—when you wire money abroad. It’s remarkably streamlined and easy to use, especially for frequent transfers, and it’ll save you plenty of dollars, pounds, euros, zloty…whatever money means to you.

How does TransferWise work?

TransferWise works by maintaining local bank accounts in each country. That way, when you want to send money from Japan to the UK, you make a local bank transfer to TransferWise in Japan, then they make a local bank transfer to the target account in the UK. This makes it very fast and allows them to keep fees low.

What is the best way to transfer money?

A wire transfer can be a fast, secure way to send money. In fact, some businesses prefer to receive money via wire transfer: Title companies often urge homebuyers to send money for a home purchase via wire transfer rather than use a cashier’s check. Keep in mind, though, that many financial institutions charge wire transfer fees.


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