Wise Review

Wise Review:

In this Wise review, we will be examining whether or not Wise is a good fintech banking option.

Wise Review

Wise: Background

Wise was launched in 2011 with the vision of making international money transfers cheap, fair, and simple.

In the past 10 years, Wise has gathered 8 million customers that move more than £4 billion every month, saving them £3 million in bank fees every day.

Wise has also added the multi-currency account, which lets you hold over 50 currencies at once and convert them whenever you like, and the Wise debit Mastercard.

Wise: Plans

Wise offers two different plans, both of them are free.

If you use our link below, you will get 1 Free Transfer.

Wise Multi-Currency Account
  • Spend in any currency, receive money for free, and send money around the world with your own foreign currency account.
Wise Business Account
  • A business account to send and receive multiple currencies with the real exchange rate. Do business without borders.

Wise: Pricing

As we've said, creating your account is free, there are, however, some fees associated with the usage of the service.

Wise Multi-Currency Account
Create your accountFree
Hold 50+ currency balancesFree
Get a UK account number and sort codeFree
Get a European IBANFree
Receive money in EUR, USD, GBP, AUD & NZDFree
Convert currencies0.35%-3%
Add money to your account0.2% (Direct debit)
Wise Business Account
Create your accountFree
Fixed fee to send money (varies by currency)$1.40
Hold 50+ currency balancesFree
Get bank details to receive currencies$31 (one-time fee)
Receive money in EUR, USD, GBP, AUD & NZDFree
Add money to your accountSee price checker
Convert currenciesSee price checker

Wise Review: Pros & Cons

Wise: Pros

  • Free account
  • Low fees
  • Reliable
  • High security

Wise: Cons

  • Cards should be free
  • No banking license
  • Doesn't have a premium plan

Wise Review: Verdict

Wise is a fantastic platform for wiring funs overseas and save a lot of money in the process.

It's a transparent and trustworthy company, it has very low fees, the app works great and so does the desktop version of it.

Wise has huge investors backing it, it has over 6 million users and your funds should be safe with them.

It would be great to see Wise offer some more perks and premium paid account options like other fintech companies such as Revolut, N26, and Monese do.

If you'd like to get a Wise account with + 1 Free Transfer, and free delivery, simply follow the Wise Referral Link below!

  • OVERALL SCORE

    0%

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