Wise (formerly Transferwise) Explained: Currency Exchange Platform For Frequent Travelers — And Not Only

Author: Crafttheway.com

For travel enthusiasts who dedicate a considerable part of their life to explore the wonders that the world has to offer, traveling overseas, interacting with people, getting to know more about their culture and immerse into it is what excites them intensely.

I am mainly pointing towards the troubles of currency exchange. Exchange rates, banking commissions, credit card fees, foreign transaction fees — if you are a frequent overseas traveler, you are completely aware of such concerns. The currency exchange process comes with a lot of transfer fees for sending and receiving money — it can be overwhelming and above all costly.

Trying to find the best solution to keep the expenses on track, I’ve come across a variety of platforms and services for frequent travelers and people who send and receive money in foreign currencies. In this article, I will summarize a few main insights about Wise (Transferiwse) which is probably one of the biggest and most popular cross-border payment provider. This is not a sponsored post and I hope it will help you choose the right currency exchange service for yourself.

If you decide to check Wise out, feel free to register through my affiliate link to get a free international transfer of up to C$800.

Wise (Transferwise): why you may want to use it

Think about withdrawing cash abroad — we have all been there when our bank charges an unexpected fee on withdrawal, and the exchange rate is also enormously high. Sometimes dealing with banks across multiple borders can be tricky. You inform them about your voyage abroad, and they might still block your card for security reasons. Speaking of food, have you ever overpaid for your meal just because you could not pay in the local currency? Well, the exchange commission can ruin your experience. In fact, your entire travel budget can get affected because of these ever-increasing exchange charges.

Wise (Transferwise) for frequent travelers

Wise (Transferwise) for sending and receiving money

Main benefits of Wise (Transferwise)

1. Transparent functioning

2. It’s fast and easy

3. One card multiple currencies

5. Easy to keep track of expenses

6. Responsive customer service

Wise (Transferwise) vs PayPal

How to open your Wise account?

The accessibility to the Wise (Transferwise) services spans across most major countries including the US, UK, Australia, New Zealand, Switzerland, Singapore, and EEA. It seems Wise is a budget-friendly solution with first-class user experience and usability for everyone who need a dependable partner to help them with the recurring payments.

The article was originally published at: crafttheway.com.

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As a Marketing Strategist, I help startups and companies develop lead generation activities. Remote Work Advocate. Photographer, Traveler.

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Natalia B

As a Marketing Strategist, I help startups and companies develop lead generation activities. Remote Work Advocate. Photographer, Traveler.