{"id":204697,"date":"2022-04-12T16:21:00","date_gmt":"2022-04-12T20:21:00","guid":{"rendered":"https:\/\/milesopedia.com\/news\/wise-transfer-money-international\/"},"modified":"2025-06-12T13:27:10","modified_gmt":"2025-06-12T17:27:10","slug":"wise-transfer-money-international","status":"publish","type":"post","link":"https:\/\/milesopedia.com\/en\/reviews\/products\/wise-transfer-money-international\/","title":{"rendered":"WISE: the revolutionary international money transfer platform"},"content":{"rendered":"

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Wise<\/a>, formerly Transferwise, has been headquartered in London since 2011. In a short period of time, it has gained the trust of the entire international money transfer community. Over 60 countries and 50 currencies are currently participating in the dance.<\/p>\n

The opinions are unanimous. It is a reliable international money transfer company: ten million consumers and companies do business with. Some customers are reported to have accounts with Wise<\/strong><\/a> in some fifty currencies.<\/p>\n

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<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\t<\/div>\n<\/div>\t\t<\/div>\n\n\t\t<\/div>[vc_custom_heading text=”Wise – Pay your US credit card balances” css=”” el_id=”wise_-_pay_your_us_credit_card_balances”][vc_column_text]<\/p>\n

Its services are mainly used for money transfers between countries and currencies. Wise is an excellent way for U.S. credit cardholders<\/a> to convert Canadian money into U.S. currency to pay off U.S. credit cards.<\/p>\n

This online platform offers even more, for example to expatriates wishing to deposit money in a bank account in their home country, to those shopping in boutiques abroad, or to retirees living in another country who receive via Wise<\/strong><\/a>their monthly pensions. In addition, the service is aimed at companies.<\/p>\n

[\/vc_column_text][vc_single_image image=”58835″ img_size=”large” alignment=”center” style=”vc_box_shadow”][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Five benefits of Wise” el_id=”five_benefits_of_wise”][vc_custom_heading text=”1- Transparent pricing and real exchange rates” font_container=”tag:h3|text_align:left” el_id=”1-_transparent_pricing_and_real_exchange_rates”][vc_column_text]<\/p>\n

Wise<\/strong><\/a> boasts transparent pricing and exchange rates pasted in real time to Reuters. That’s right; it doesn’t take any margin on the exchange rates. Banks charge fees for foreign currency transfers and exchange rates.<\/p>\n

The transfer fee at Wise is between 0.35% and 2%, which is low. It remains to add the real exchange rate. But how does it do this when we know that the banks receiving the transfers also charge fees?<\/p>\n

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“Wise has current accounts in all the countries where the company operates… Thus, for each transfer, the company acts as an intermediary. The company transfers the money to the beneficiary from its account in the country, allowing the sender to benefit from very advantageous transfer fees, and the sender to receive the totality of the transfer without any other fees deducted upon arrival”.<\/p>\n

Hello Safe<\/pre>\n<\/blockquote>\n
We verified this as we tried to convert CAD 1,000 into USD on April 7, 2022. We go straight to Paypal and Western Union, which are much more expensive.<\/p>\n
[\/vc_column_text][vc_column_text]<\/p>\n\n\n\n\n\n\n\n\n
Service<\/td>\nWISE<\/strong><\/td>\nDesjardins<\/strong><\/td>\nRBC<\/strong><\/td>\n<\/tr>\n
Amount<\/td>\n1,000 CAD<\/td>\n1 000 $ CAD<\/td>\n1 000 $ CAD<\/td>\n<\/tr>\n
Fees<\/td>\n8.58 CAD<\/td>\nIncluded in rate<\/td>\n10 CAD<\/td>\n<\/tr>\n
Amount converted<\/td>\n991.52 CAD<\/td>\n1,000 CAD<\/td>\n990 CAD<\/td>\n<\/tr>\n
Currencies received<\/td>\n787.64 USD<\/td>\n777.54 USD<\/td>\n769.17 USD<\/td>\n<\/tr>\n
Net conversion rate<\/td>\n0,78764<\/strong><\/td>\n0,77754<\/td>\n0,76917<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
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<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article>\t\t<\/div>\n\n\t\t<\/div>[vc_custom_heading text=”2- Simple process” font_container=”tag:h3|text_align:left” el_id=”2-_simple_process”][vc_column_text el_class=”checkmarks”]<\/p>\n
It consists of:<\/p>\n