TransferWise

Send money abroad without hidden & excessive bank fees 💷 🔁 💶

#2 Product of the WeekJanuary 18, 2014
+1

TransferWise is the best way to send money abroad, without hidden fees!

Discussion
Would you recommend this product?
2 Reviews5.0/5
@malaparte pretty sure they have a bank account in every country with a large amount of cash in it. They pay people in those countries from the account in that country which doesn't incur any charges. They then transfer large amounts between their bank accounts to spread the funds and don't pay very much in the way of fees in relation to how much cash they are moving.
Hmm, would love to understand how the transfer is actually performed on the back-end.
As the person at the receiving end, Transferwise blew me away with how fast they're able to deliver the money to my bank account. Before using this, it's always been Paypal. I'm crossing my fingers the service maintains its speed, performance, and reliability.
pretty sure they have a bank account in every country with a large amount of cash in it. They pay people in those countries from the account in that country which doesn't incur any charges. They then transfer large amounts between their bank accounts to spread the funds and don't pay very much in the way of fees in relation to how much cash they are moving.As the person at the receiving end, Transferwise blew me away with how fast they're able to deliver the money to my bank account. Before using this, it's always been Paypal. I'm crossing my fingers the service maintains its speed, performance, and reliability.
@TransferWise is one of the my favorite FinTech companies today. Great work @taavet @silver86 @nilanp That´s why I wrote this in my blog: https://medium.com/a-data-driven...