TransferWise

Name: TransferWise
URLhttps://transferwise.com/
Tool Category: Finance
Tool Language: English
Price: Freemium 

Tool Description:

Bye bye bank fees! Sending money abroad is deceptively expensive, thanks to the hidden charges we’ve all been forced to pay. The banks claim “free money transfers”, “0% commission.” Sounds like money’s already flowing freely, but far from it. It’s pure propaganda.

TransferWise removes all the wrongness, letting people send money abroad at the lowest possible true cost. Using only real exchange rates and tiny not-hidden-fees. You always know where your money is. You’ll be updated via email at each stage of the transfer.

With TransferWise you can:

  • Send money
  • Receive money
  • Get a borderless account and card

RATING

Your Review of The Tool:
The pioneering online money transfer system that charges much less than banks, are faster and allows you to track your money at every stage of the process, alerting you when the other party has received the money. It now has also an account and card option that also allows you to pay directly with them with no fees, as well as free ATM withdrawals for up to 200 Pounds.

Rate the Tool:
5

What are the tool “pros” & benefits?:

  • The first easy to use online money transfer service of its kind, easy to set, and use and much more convenient and cheaper than banks.

What are the tool “cons” & issues?: 

  • Although the service is available in a high number of countries, is still not available all over the world. Also, in some countries, there are service restrictions, as in Brazil.

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