Wise is a trusted and cost-effective way to send money internationally. It provides transparent fees, real exchange rates, and fast transfers, making it a great alternative to traditional banks.
This guide will walk you through the process of sending money with Wise, from signing up to completing your transfer.
Wise to Transfer Money
Step 1: Sign Up for a Wise Account
- Visit Wise and click Sign up.
- Choose the type of account: Personal or Business.
- Enter your email, password, and country to create an account.
- Verify your identity using your phone number or email.
📌 Tip: You can also sign up using your Google, Apple, or Facebook account for quicker access.
Step 2: Start a New Transfer
- Log in to your Wise account.
- Click Send Money on the dashboard.
- Enter the amount you want to transfer and select the currency.
- Wise will show the exact exchange rate, fees, and estimated delivery time.
🔹 Why is Wise different? Unlike banks, Wise uses the real mid-market exchange rate with no hidden markups.
Related: How to Create an Invoice Using Otto
Step 3: Add the Recipient's Details
- Choose who you're sending money to:
- Yourself (transferring to your own foreign account)
- Someone else (family, friends, or business payments)
- A business or organization
- Enter the recipient’s name, bank details, and currency.
- Double-check the information to avoid errors in the transfer.
Step 4: Choose a Payment Method
Wise offers multiple payment options depending on your country:
Bank transfer – Manually send money from your bank account.
Debit/Credit card – Pay directly using Visa or Mastercard.
ACH transfer – Use the Automated Clearing House (ACH) network.
Wire transfer – Ideal for larger amounts.
Apple Pay or Google Pay – Available in supported regions.
📌 Tip: Some payment methods may have lower fees than others. Wise will display the cheapest and fastest option for you.
Step 5: Review and Confirm the Transfer
- Check all details carefully, including:
- Amount to be sent
- Exchange rate applied
- Fees deducted
- Estimated arrival time
- Click Confirm and Send to process the payment.
🔹 Important: Wise will provide a tracking link so you can monitor the status of your transfer.
Step 6: Track Your Transfer
- You’ll receive an email notification once the payment is processed.
- You can also check the transfer status in your Wise dashboard.
- If there’s a delay, Wise will notify you and provide an estimated completion time.
Most transfers arrive within hours, but some may take 1-2 business days depending on the recipient's bank. Manage your cash flow effectively, Tools like Otto an ai accounting software can help businesses and individuals track their finances while using Wise for transfers.
Step 7: Save Recipient Details for Future Transfers
- If you send money regularly, save recipient details for faster transfers next time.
- Wise also allows you to set up scheduled payments for recurring transfers.
Final Thoughts
Using Wise for international money transfers is simple, transparent, and cost-effective. By following these steps, you can securely send money to over 70 countries with lower fees than traditional banks.
Start your first Wise transfer today and enjoy hassle-free global payments!
FAQ’s
1. How long does a Wise transfer take?
The transfer speed depends on factors like payment method, recipient bank, and currency. Most transfers are completed within hours, but some can take 1-2 business days for bank processing.
2. What fees does Wise charge for transfers?
Wise charges a small percentage-based fee depending on the currency and payment method. The fee breakdown is shown before confirming the transfer, and Wise always uses the real exchange rate with no hidden markup.
3. Can I cancel a Wise transfer after sending it?
If the money hasn't been processed yet, you can cancel the transfer from your Wise account. If it's already in progress, you’ll need to contact Wise support to check if cancellation is possible.
4. Is Wise safe for international money transfers?
Yes! Wise is regulated by financial authorities in multiple countries and uses advanced security measures to protect transactions. All payments are encrypted and monitored for fraud prevention.
5. Can I track my transfer in Wise?
Yes! Wise provides a tracking link once your transfer is processed. You can also monitor the status in your Wise dashboard or through email notifications.
