Wise (ex TransferWise)
OS :
Version :7.74
Size :162.91Mb
Updated :Oct 31,2022
Developer :Wise Payments Ltd
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Pros and Cons from users' feedback
Based on the user reviews on the Apple App Store, here are three pros and three cons of the Wise app: **Pros:** 1. Fast and secure transfers with competitive exchange rates. 2. Easy to set up and use, with minimal fees and no hidden costs. 3. Real-time tracking of transactions and transparent pricing model. **Cons:** 1. Limited support for certain currencies and countries. 2. No built-in currency conversion option in the app itself. 3. Some users experienced issues with slow or delayed transfers. Please note that these are general summaries and opinions from user reviews, and may not reflect your personal experience with the app.
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Description
The international account Join over 13 million people and businesses, in more than 170 countries, who use Wise to send, spend, convert, and receive money internationally. Wise is for anyone — travelers, immigrants, freelancers, organisations — whose money crosses borders. We’re 8x cheaper on average than leading UK banks. And a lot faster, too. — Cheaper and faster money transfers — • Send money to over 80 countries • For a super-low fee, you get the real exchange rate, like on Google, for every money transfer • 50% of transfers are instant or arrive within an hour • Secure your transfers with two-factor authentication — A debit card to spend worldwide — • Spend or withdraw money in more than 200 countries • If you don’t have the local currency, we’ll auto-convert what you have with the lowest possible price • Freeze and unfreeze your card, and update your virtual card whenever you like — Get paid with real account details — • Get your own UK account number and sort code, European IBAN, US routing and account numbers, and more. As if you had local bank accounts around the world. • Use these account details to get paid in multiple currencies for free, and for direct debits • Keep up-to-date with instant push notifications for every transaction — Hold 50+ currencies and convert between them instantly — • No monthly fee and no maintenance fee to keep money in your account, in most cases • Convert between currencies instantly, at the real exchange rate, for a super-low fee — A better business account for going global — • Pay invoices and bills faster, at a better exchange rate • Use account details to get paid by clients and customers around the world • Connect to supported platforms like Amazon, Stripe, Xero, and more Wise is regulated by the FCA in the UK, and by other authorities around the world. Your money’s safe with us. Send from: GBP (British Pound), EUR (Euro), USD (US Dollar), AUD (Australian Dollar), BGN (Bulgarian Lev), BRL (Brazilian Real), CAD (Canadian Dollar), CHF (Swiss Franc), CZK (Czech Koruna), DKK (Danish Krone), HKD (Hong Kong Dollar), HRK (Croatian Kuna), HUF (Hungarian Forint), JPY (Japanese Yen), NOK (Norwegian Krone), NZD (New Zealand Dollar), PLN (Polish Zloty), RON (New Romanian Leu), SEK (Swedish Krona), SGD (Singapore Dollar) Send to: EUR (Euro), USD (US Dollar), GBP (British Pound), AED (UAE Dirham), AUD (Australian Dollar), BDT (Bangladeshi Taka), BGN (Bulgarian Lev), BRL (Brazilian Real), CAD (Canadian Dollar), CHF (Swiss Franc), CLP (Chilean Peso), CNY (Chinese Yuan), CZK (Czech Koruna), DKK (Danish Krone), EGP (Egyptian Pound), GEL (Georgian Lari), HKD (Hong Kong Dollar), HRK (Croatian Kuna), HUF (Hungarian Forint), IDR (Indonesian Rupiah), ILS (Israeli Shekel), INR (Indian Rupee), JPY (Japanese Yen), KES (Kenyan Shilling), KRW (South Korean Won), LKR (Sri Lankan Rupee), MAD (Moroccan Dirham), MXN (Mexican Peso), MYR (Malaysian Ringgit), NOK (Norwegian Krone), NZD (New Zealand Dollar), PEN (Peruvian Nuevo Sol), PHP (Philippine Peso), PKR (Pakistan Rupee), PLN (Polish Zloty), RON (Romanian Leu), RUB (Russian Rouble), SEK (Swedish Krona), SGD (Singapore Dollar), THB (Thai Baht), TRY (Turkish Lira), UAH (Ukrainian Hryvnia), VND (Vietnamese Dong), ZAR (South African Rand)
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Comments (5)
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    By Dr. Alec HarveyApr 26,2019
    I did quite a bit of research into money transfer apps and platforms and TransferWise seemed to meet all my needs. I opened a Borderless account and have now used it to make several transactions—moving funds between various onshore accounts and converting between currencies. Unless I’m missing something, the platform, the process and the app all work flawlessly. With just a few clicks my money is moved into my Borderless account in one country, converted from one currency to another, and moved into an external account in a different country. The fees are low and I get the forex spot rate not some 5 or 6 pt spread between buying and selling that pays criminally high broker fees; I’ve saved literally hundreds of USD on one transaction alone. With some platforms you pay more to get an easy process; with others the cost is low but you have to jump through a lot of hoops. TransferWise is that rare situation where the process is easy AND the cost structure is low. I love it, easiest 5-st...
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    By Lanni88Oct 15,2019
    I’ve availed TransferWise service for several years now and had great results. Although recently I had an unusually untimely transfer (4 days). In addition I was a bit confused by the overly long estimated time conveyed by TransferWise on a subsequent transfer (6 days) but after submitting the transfer and to my surprise I received the funds in less than two hours, which is about the speed in which I normally receive the funds. I want to clarify my previously poor feedback toward TransferWise. The service I have received is for the most part Great! My only complaint is the recent estimate for the completed transfer. I understand your companies position that it would be better to over estimate the transfer timeframe and deliver the funds earlier than proposed, and I’m trying to wrap my head around that logic because that works great for most people I’m sure. But... in my situation an estimate of 6 days for a Debit/ACH transfer leaves me wanting to initiate my transfer 5 days early, but ...
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    By BadbluesmanJan 16,2021
    I spent hours over the weekend trying to add a new recipient. However the app would never accept the person’s street address. After trying 8 or 9 versions of the address, I finally closed the app and reopened and started all over (a very time consuming process). I finally was about to set up my new recipient. The next roadblock came when I tried to send money to that recipient. I already had a bank account linked to another recipient, but apparently you have to set up your own bank all over again with each new recipient. I did this. The transfer appeared to be underway, but was flagged. An email said that it “needed attention.” When I tried to go to that transfer, I got stuck in an endless merry-go-round in which it would say you must go to TransferWise online to solve the problem. When I did, it just sent me back where I started. After repeating this 5 or 6 times, I tried closing the app and reopening it to no avail: the merry-go-round continued. And of course THERE IS NO PHONE SUPPOR...
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    By TomaszyJan 18,2019
    I have very few complaints with TransferWise and this app. It generally works as advertised and I have used it for a number of months now with few problems. One glitch is TransferWise’s interface with banks (U.S., at least), which sometimes does not recognize your account has been verified and asks to reverify it by confirming a couple of micro-deposits - a process which can take several days. However, if you cancel the transfer which prompted the request to reverify, then try it again, this has always resulted in a successful transfer on the second attempt for me. Both the app and desktop version of TransferWise also have trouble sometimes dealing with verification questions used by many banks. One additional feature which would be useful for the app (essential, in my opinion, for a 5-star rating) is the ability to download a pdf receipt for a transfer, showing all relevant account information and date/time of the transfer events, as you can from the desktop web site. Despite the abov...
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    By fijiwateryumJan 18,2022
    I’ve used this app many times over the few years to internationally send money to family- it has always been great until recently. The “mandatory form” required to sign yearly and to every new recipient is from a 3rd party “Exchange4Free,” which takes forever to actually email the form and this results in complications with the transfer, which of late, has resulted in having to cancel transfers. I don’t think these “Wise” and “Exchange4Free” are in proper communication, which makes me think that wise (to maintain its credibility) has no idea how long the forms really take to reach recipients. When contacting wise, their customer service has always been awfully bad- no real interest in assisting clients and no real help whatsoever, leaving you with no option but to cancel transactions. I really enjoyed using this app in the past and hope that major improvements are made as I am very tempted to find a different company for my international transfers. It is supposed to be a “quick and eas...