Wise

The universal way for you to manage money internationally.

★★★★★ 4.8/5 from 13 reviews

What is Wise?

Banks charge a lot for overseas transfers. We don't. Transfer money abroad easily and quickly with our low cost money transfers. Join over 6 million people and businesses who get a better deal when they send money with the real exchange rate.

Pros & Cons

Pros

  • Easy to use
  • Fast international transfers
  • Low fees
  • Seamless global payouts
  • Desktop and mobile applications
  • Digital banking
  • Good customer service
  • No hidden fees
  • Obtain USA account
  • Widely used

Cons

  • Account closure without notification
  • Challenging document approval
  • Debit card availability issues
  • Government restrictions
  • Transaction failure without notification

Tool Details

Categories Online banking, Money transfer
Website www.wise.com
Became Popular January 18, 2014
Platforms Web · iOS · Android
Social

Recent Reviews (12)

K
KP Mar 22, 2025
★★★★★

Wise helps us make payouts to creators around the world—fast, fair, and without hidden fees. Whether it’s USD to BDT or EUR to INR, Wise ensures our global payout system is seamless and creator-first. It’s what lets Flexpoint support financial freedom beyond borders.

Seamless global payouts Fast international transfers No hidden fees
D
Dr. Oct 3, 2023
★★★★★

Very good solution, quick, widely used

Fast international transfers Widely used
M
Michelle Apr 30, 2025
★★★★★

super simple and easy to use

Easy to use
A
Adam Apr 12, 2024
★★★★★

Banks in the UK rip you off through your eyeballs when paying overseas invoices, so Wise is a great service to bypass them. Fees are low, FX rates are reasonable, it's easy to use and for us at Kirmada, sending money frequently from the UK to the EU, transfers are more or less instant. Highly recommended.

Easy to use Low fees Fast international transfers
Y
Yuliia Sep 13, 2023
★★★★☆

Cool interface really intuitive, but what I dislike that I send money transfer, I receive "successfully done" but then money returned back to my account without even notification and I need to find out the reason of such behaviour myself.

Easy to use Transaction failure without notification
D
Daniel Aug 10, 2023
★★★★★

Wise app has revolutionized my financial life! With its transparent, low-cost international transfers, I'm saving big on fees. The intuitive interface and security features make it a must-have for anyone sending money abroad.

Easy to use Low fees
M
Maksym Feb 9, 2024
★★★★☆

Convenient digital banking with desktop and mobile applications. Operations are fast and usually smooth. Documents approval could be challenging sometimes, not every listed in policies document is taken by support team.

Digital banking Desktop and mobile applications Challenging document approval
M
Michael Oct 24, 2024
★★★★☆

Wise is pretty easy to set up and use. Customer service is even better than most neo banks. I would highly recommend taking a few minutes to set up an account if you plan on doing any international transfers at all.

Easy to use Good customer service
S
Steven Jan 31, 2023
★★★★★

I've been a transferwise user for over 6 years and I absolutely love it. I'd love to see a better budgeting feature or even a separate app and a community where I can hang out with other transferwise lovers and exchange tips on how to use it.

P
Patryk Sep 9, 2025
★★★★★

Been using Wise when it was called TrasnferWise. Great product, useful when you need to receive currencies or move money across the world.

Seamless global payouts
O
Onno Jan 8, 2024
★★★★★

Fast and cheap international money transfer.

Low fees Fast international transfers
B
Bart Dec 22, 2023
★★★★★

i have been using it since early days ... became my core banking option

Frequently Asked Questions about Wise

When did Wise become popular?

Wise became popular around January 18, 2014.

What are the main advantages of using Wise?

The top advantages of Wise include: easy to use, fast international transfers, low fees, seamless global payouts, desktop and mobile applications.

What are the disadvantages of Wise?

Some reported disadvantages of Wise include: account closure without notification, challenging document approval, debit card availability issues, government restrictions, transaction failure without notification.

What is Wise's overall user rating?

Wise has an overall rating of 4.8/5 based on 13 user reviews.

Is Wise available on mobile devices?

Yes, Wise is available on iOS (App Store) & Android (Google Play).

What type of tool is Wise?

Wise belongs to the following categories: Online banking, Money transfer.

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