Managing money across borders has traditionally been expensive, slow, and filled with hidden fees. That’s where Wise (formerly TransferWise) comes in—an innovative platform designed to make international money management faster, cheaper, and more transparent. Whether you’re an individual, a freelancer, a student, or a business owner, Wise gives you access to global banking features that simplify your financial life.
1. Real Exchange Rate with Transparent Fees
Unlike traditional banks and most money transfer services, Wise uses the mid-market exchange rate—the same rate you’ll find on Google or Reuters. There are no hidden markups, just a small upfront fee that’s clearly stated before you send money. This means you always get more value when transferring money internationally. In fact, Wise is up to 7x cheaper than many banks and services like PayPal.
2. Hold and Manage 50+ Currencies
With a Wise account, you can hold, convert, and manage over 50 currencies in one place. You no longer need separate bank accounts in different countries. Whether you're saving in euros, spending in yen, or paying an invoice in USD, you can do it all from a single, easy-to-use platform. Currency conversions are quick and happen at the real exchange rate, saving you time and money.
3. Get Local Bank Account Details
One of the most powerful features of Wise is the ability to get local bank details in major currencies, such as USD, GBP, EUR, AUD, NZD, and more. This allows you to receive money like a local—without international fees. Freelancers, remote workers, and online businesses can accept payments from clients or customers in other countries without delays or charges.
4. Wise Debit Card
The Wise debit card lets you spend worldwide, withdrawing from your account in the local currency wherever you are. The card automatically selects the right currency balance, so you avoid conversion fees while traveling, shopping online, or paying in foreign stores. You can also track your spending in real-time and freeze or unfreeze your card instantly from the mobile app.
5. Fast, Reliable Transfers
Wise is known for fast and reliable money transfers. Depending on the route, many transfers arrive within seconds or hours. With real-time notifications and tracking, you always know where your money is. Wise also complies with strict regulatory standards in multiple countries, ensuring that your funds are secure.
6. Ideal for Businesses and Freelancers
Wise for Business offers additional features such as batch payments, team access, and accounting integrations. Businesses can pay international suppliers, receive funds from clients, and manage cash flow globally without paying outrageous fees or dealing with slow banks.
Conclusion
A Wise account gives you a smarter, more efficient way to manage your money across borders. With real exchange rates, low fees, multi-currency flexibility, and international banking tools, Wise empowers you to take control of your finances no matter where you are in the world.