Foreign Money Transfer Service
Cheap Money Transfer. Send Money abroad at a very low cost
Send Money abroad for less
Did you know that banks and other money transfer businesses charge you with up to 5% when sending money abroad? Well, TransferWise doesn't.
This is why Money Expert has teamed up with TransferWise, the cheapest money transfer service in the world to offer you a completely free of charge money transfer between GBP, EUR and PLN, CHF, NOK, SEK, DKK and USD.Send money abroad now
Why use TransferWise?
TransferWise uses real exchange rates to help expats, foreign students and businesses wire money securely, conveniently, and at a very low cost. Finally, a financial service built for people, not banks.
What exchange rate is used to exchange money?
TransferWise always uses the mid-market rate to convert your currency. Mid-market rate is the rate that is between the BUY and SELL rates you usually see, it is the rate that is used in the global financial markets. Most banks and brokers hide this from you by marking it up significantly (sometimes its also called the interbank rate or spot rate). Hidden commission on the exchange rate is how our competitors make the most of their money.
Are you really cheaper than high street banks and other currency exchange services?
We believe so. Our competitors are hiding their fees in two places - the currency exchange rates and the transaction fee. Often you are promised no transaction fee, but then the exchange rate they use will be take that into account. In total you lost on average 5% that way. To avoid that always be sure to check both the exchange rate and the transaction fee and ask how much money you will receive in the end. TransferWise always makes the exchange at mid-market rate and charges a simple fee for the service.
Can I use TransferWise for business transfers?
Yes. Business transfers work in the same way as personal transfers. You can set up your Business profile on your account page.
Latest Financial News
5 Mar 2015
Barclays have announced that they have set aside a further £750 million in order to settle the bill concerning the foreign exchange rigging scandal meaning the total cost will come to nearly £1.3 billion.
5 Mar 2015
The number of first time buyers relying on the Bank of Mum and Dad for support has dropped significantly according to new research released today.
5 Mar 2015
Newcastle Building Society introduced the innovative MaximISA facility six years ago, but given recent increases to allowances, changes in savings habits and customer feedback, the Society has re-launched the facility under the new name of CustomISA.
4 Mar 2015
The consumer group ‘Which?’ has said that the cost of mis-selling PPI has now amounted to £24.4bn for the top five largest banks in Britain. In recent days, a number of banks have exposed the fact that they have implemented extensions for dealing with various claims for compensation.