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Transferwise, how it works the most widely used system for sending money online to foreign nations. Further elucidation on usage, costs and link For enrollment within this article.
Send money abroad is a fairly usual act, much more than one might imagine: children who are students on Erasmus, trying to find a job, or have been living across the border for some time. So there are many motivations for a user to take this action. However, sending liquids, especially abroad, can bring some headaches. Just think of hidden costs, slow transmission of capital, high exchange rate depending on the destination nations.
These are the classic problems one runs into when using a money transfer. So choosing the one best suited to your needs, both in terms of safety and economics, can make all the difference.
Therefore, which one to choose? Among the many on the market there is a new platform that has been on the crest of a wave for a few years now and is particularly appreciated for its ease of use and greater convenience than the brands with which it competes in its sector. We are talking about Transferwise.
Transferwise how it works
Transferwise is the best solution regarding the'sending money from one country to another via card or wire transfer. A brand created with the intention of further reducing the fees that various banking institutions and other competitors in the market issue. The main features of this service are:
- Lower commission and exchange rate prices;
- Money transfer within a few days;
- Increased security.
This is a reality that since its inception has stood out for the services it offers, with thousands of users from all over the world. Thanks to the genius of two former employees of the giant Skype who, since founding this company in 2011, have grown it by leaps and bounds.
Transferwise how it works. To recap, this money transfer service makes it possible to make transfers to a foreign country without incurring hidden charges. The motivation is related to a very specific factor, which makes it the distinguishing feature. It in fact serves as Vehicle between sender and recipient of the money, interceding between the two parties during the transfer between the two current accounts, located in different states. At the time the transition is initiated, the money is "parked" in a third account, owned by Transferwise itself in the country of delivery.
Trasferwise Credit Card
To illustrate its characteristics in more detail, let us take as a model a user who needs to transfer money from one country, in the reference case Italy, to another, which for the sake of argument is Croatia. We will then have an international transfer that, from Euro, must arrive in the currency of the destination country, specifically the Kuna.
To cut costs, the system tracks a Croatian user who must also transfer money to an account within the Italian state. This expedient makes it possible not to make some international transactions, without letting even a penny leave one's borders. As a result, fees are greatly reduced and money is received abruptly.
Registration Transferwise
To start taking advantage of these tasty opportunities, you need to register on the official website via this LINK. After that the sending and receiving states and currencies must be entered. When this is done within the screen all the data involved will be shown:
- Cost;
- Final amount sent/received in the local moneto;
- Guaranteed rate, within 48 hours;
- Saved figure compared to other competing services (visible in the "compare prices" option).
There is also a section that allows you to check the time of shipment and arrival of money.
Costs transferwise
Sending money abroad in addition to being quick and easy is above all convenient:
- 2.29 euros For transitions made by bank transfer;
- 3.29 euros by credit card.
Send your money with total security
Transferwise Is it safe? Absolutely. A good service recommended for everyone, especially for those who usually need to send money to a foreign state.
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