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Wise / TransferWise Review - 3 Must Knows

UPDATE 2023 - Guys check out our latest video -    • Wise Review  (was TransferWise) - 3 M...   Thinking about using Wise (formerly TransferWise) to transfer money online? UPDATE: In 2021 Wise is no longer a peer-to-peer platform as mentioned in the video, however the benefits remain the same. Video is still very relevant. Low, transparent fees combined with ease of use, make TransferWise the ideal solution. Or is it? In this video we go into 3 things you should know about TransferWise. At number 1: Transparent Fees See your fees here - https://bit.ly/2WunnpR You know those frustrating hidden fees that show up in you statement after a money transfer has happened? Unlike banks TransferWise goes out of its way to have zero hidden fees. Everything you pay is shown upfront in a simple, user-friendly widget. This means you can always see the exact amount of money that arrives and fees you pay. See for yourself what you will pay from the widget link above. At number 2, they try not to transfer your money at all TransferWise’s big secret lies in the fact that they never actually move the money you transfer. Because they are a peer-to-peer platform, we describe how they do this. For smaller amounts, this means the fees you pay are a fraction of what you would pay to a bank. The downside? For larger amounts exceeding about $7,000 US dollars or about £4500 non peer-to-peer services may be a better as we discuss. At number 3, Service. More than 95% of all customer reviews on TrustPilot and similar sites are positive. But that is not the whole story. We scoured hundreds of negative reviews (as we do with every service we review) and we found even these negative experiences can be mostly avoided which we All things considered, TransferWise is fast, easy to use, and has incredibly transparent fees. Thanks for watching and we’ll see you in the next one! Attributions Anchorman: The Legend of Ron Burgundy, Apatow Productions, 2004    • Anchorman - "I'm kind of a big deal"   Spider-man, Columbia Pictures, 2002,    • J. Jonah Jameson - could you pay me i...   Jayden Hill, Don’t underestimate my fastness (original), 11 Aug 2018,    • Don’t underestimate my fastness (orig...