The way Wise works kan zijn actually surprisingly simple. Instead ofwel moving money across borders through complex payment networks, Wise has its own network ofwel accounts in all the countries it operates in.

That said, Wise accounts are not interest-bearing, so if you're looking for that specifically, you may find another provider that suits you better

"They make our life split between two continents possible. Transfers are simple and very, very fast."

Generally, Wise is easy to use and offers a simple self diensten customer experience, meaning you can easily transact without needing to speak to someone. However, help is on hand if things go wrong.

Independent comparison site Monito reported that Wise was, on average 83% cheaper than the big four UK banks on major currency “routes,” but could be up to 90% cheaper in certain specific cases.

The multi-currency account is a must have when you travel through countries with different currencies. The account is free and the debit card (only 5 GBP for 5 years) kan zijn very handy. You enigszins get an interest on your account(s) every month depending on the average amount on your account.

Use the app to freeze and unfreeze your linked Wise debit card, and to receive transaction notifications so you’re always on top ofwel your money.

Customers can sign up to a Wise account and get a debit card for overseas use and the ability to hold a range of currencies and send and receive currencies at much lower cost.

Wise may be required by law to retain some information about you. The length of time that data kan zijn retained will depend on the specific information and the applicable laws. However, Wise will not hold customer data for any longer than kan zijn necessary for practical or legal purposes.

But don’t just take my word for it. Wise has millions of satisfied customers who trust the platform with their hard-earned cash. And if that’s not enough to convince you, consider this: Wise has been featured in reputable publications like The Economist, Forbes, and The Wall Street Journal, Is TransferWise safe in Indonesia all of which have praised its security features and cost-effective services.

As a global business, Wise is regulated by a number ofwel bodies around the world, and also employs industry level security measures to keep customers and their accounts safe.

In addition to Wise money transfer and multi currency account, there are additional features and benefits for businesses. These include:

Really simple to use. I book an excellent exchange rate, transfer sterling from my clearing bank, and less than two minutes later the euros are sitting in my French sofa account! Amazing! I only wish this bediening was available twintig years ago.

Different companies will use different exchange rates for currencies. Some rates are based on a ‘tourist’ exchange rate, where others may use interbank rates, which are the more competitive rates used between banks.