Wise

Building money without borders, for people without borders. Wise's mission is to build a link to different currencies and countries to make money transfers easy and accessible. Wise is driven by three unorthodox principles: Be radically transparent, Charge as little as possible and Make premium the new normal.

Wise money transfers

Wise Money Transfer

On website

Highlights

  • Wise Borderless multi-currency receiving accounts. This gives you access to a digital currency wallet that you can hold and transact in over 50 currencies.
  • Borderless Debit Card. The FX optimised debit card is attached to your Wise Borderless account that can be used to withdraw or pay for purchases in foreign currency within or outside Australia.
  • Android and Apple Apps. Indulge convenience by transacting thru the Wise App anytime and anywhere!
  • Fund options. Loads of options to fund your Wise account including transfer from Debit and credit cards, or thru a local bank transfer. Quick and easy!

Pros

  • Low and competitive fees.
  • Easy to understand fee structure.
  • Easy to use website and mobile apps.
  • High transfer limit.

Cons

  • Limited currencies and destination countries compared with some competitors.
  • Can only send funds to the recipient's bank account.
Wise Borderless Account

On website

Highlights

  • Sey-up a local account. Wise Borderless Account allows you to open up a local bank account in Europe, the UK, the USA, and more.
  • Competitive fee structure. Enjoy no set-up fees, no monthly fees, and no receiving fees.
  • Borderless Debit Card. The FX-optimised debit card is attached to your Wise Borderless account that can be used to withdraw or pay for purchases in foreign currency within or outside Australia.
  • Android and Apple Apps. Indulge convenience by transacting thru the Wise App anytime and anywhere!

Pros

  • Low and competitive fees.
  • Easy to understand fee structure.
  • Easy to use website and mobile apps.
  • High transfer limit.

Cons

  • Limited currencies and countries are available.
  • You can only send funds to the recipient's bank account.

As seen on

Media - The Sydney Morning Herald
Media - Yahoo Finance
Media - News.com.au
Media - Daily Mail Australia
Media - Australian Fintech
Media - Dynamic Business