Common questions

Can you receive international payments on TransferWise?

Can you receive international payments on TransferWise?

Hold 50+ currencies in one account and receive international payments in USD, GBP, EUR, NZD, PLN, and AUD for free.

Can I use TransferWise for business payments?

After huge demand from our customers for a seamless business product, we’re thrilled to announce the launch of TransferWise for Business. Low-cost, fast and easy-to-use, our dedicated business product comes with no sign-up costs or monthly fees. Just a 1\% fee per transaction, and 0.7\% for amounts over $5,000.

Is TransferWise safe for large amounts?

We have dedicated anti-fraud and support teams. Our fraud team makes sure our customers, and their money and data, are protected from fraud. We also have a support team dedicated to helping people who send large amounts with us.

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Can TransferWise be trusted?

Is TransferWise safe? Yes it is. Since 2011, more than 8 million customers have used TransferWise. And every month, they trust us to move over $5 billion of their money.

What is the best way to receive money overseas?

What is the best way to receive money from overseas in South Africa?

  1. Xoom. Xoom Corporation was founded by Kevin Hartz in March 2001.
  2. Remitly. Remitly is a company registered in England and Wales.
  3. PayPal. PayPal is available in more than 200 countries/regions and support 25 currencies.
  4. MoneyGram.
  5. Western Union.
  6. Wise.
  7. Xe.
  8. OFX.

How do I receive money internationally?

5 Smart Ways to Receive International Payments

  1. A Multi-Currency Account.
  2. Online Payment Gateways.
  3. PayPal.
  4. A Bank Transfer Minus the Bank.
  5. Bitcoin.

Who owns TransferWise?

Kristo Kaarmann is the co-founder and CEO of TransferWise, a peer-to-peer international money transfer business. The business is the first of its kind: it allows regular people to access the real mid-market exchange rate by cutting out traditional banking fees altogether.

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Can I use TransferWise to send USD to USD?

You can pay using any of the currencies we support, as well as USD. We’ll send the USD to your recipient as usual.

What is the maximum amount TransferWise?

Personal account limits: Limit per transfer (and daily limit) — 1,000,000 USD. Annual limit — 5,000,000 USD.

How can I transfer millions of dollars internationally?

The following are five of the best and most secure ways to accomplish this task.

  1. Bank-to-Bank Transfers. Some banks let people take money directly from one bank account and deliver it to a recipient’s bank account.
  2. Wire Transfers.
  3. Automated Clearing House Transactions.
  4. Cash-to-Cash Transfers.
  5. Prepaid Debit Cards.

Is TransferWise really cheaper?

What does it all mean? Overall, putting together all the data we collected in our independent research, TransferWisewas on average 83\% cheaper than the big four UK banks. They also always ranked in the top 5 cheapest money transfer services to send money to the destinations considered.

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How long do TransferWise payments take?

Send money to someone in the UK through your UK bank and your transfer could arrive in a matter of minutes, but it could take up to two business days. Send money overseas using your bank and your payment could arrive in 2-5 days, or your recipient could be left waiting longer.