Visit Exchange-Rates.com on Facebook

Transferwise transfers over £2 billion every month globally. 90% of the TransferWise money transfers from the UK to Europe are completed within 1 business day and the company is independently regulated by the Financial Conduct Authority (FCA) in the United Kingdom. Sign Up with TransferWise Today.

Transferwise is a particularly good choice for small to medium sized money transfers. For large money transfers a company like XE may provide a better exchange rate for the currency conversion. Also if you are looking for travel money Transferwise is worth considering and they also offer a Mastercard debit card so you can use Transferwise to pay for goods and services that accept Mastercard.

TransferWise Borderless account

Firstly, it is FREE to open a TransferWise Borderless Account

Send money and receive money worldwide with zero fees from over 30 countries around the world.

You can hold over 40 currencies in a TransferWise borderless account.

With the TransferWise Borderless Account you will get:

- Australian account number and BSB code
- UK account number and sort code
- European IBAN
- US account number and routing number
- New Zealand Account Number

These are you personal TransferWise details to receive money from the Receive money in EUR, USD, GBP, PLN, AUD and NZD and no-one pays any fees. There is a fixed fee to send money which varies by currency which is approximately 65p.

Get low conversion fees and zero transaction fees and it is free to pay with currencies in your account.

When you transfer money you will pay a fee as a percentage of the amount being transferred (typically between 0.35% and 2%). You can automatically convert money at the real exchange rate.

TransferWise debit Mastercard

The TransferWise debit card can be used anywhere in the world that accepts Mastercard.

Business Money Transfers with TransferWise

Cross-border payments are becoming very cheap and for small amounts TransferWise is often the best option but with fees to pay as a percentage of the amount being transferred you are likely to find a better deal for larger amounts (over £10,000). You may like to use XE as an option for large money transfers.