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.
16 Apr 2015
The City regulator has implemented a fine of £20.7 million for Clydesdale Bank due to “serious failings” concerning complaints over Payment Protection Insurance.
16 Apr 2015
Metro Bank recently announced its intentions to generate 3300 new jobs by 2020 after the Chancellor of the Exchequer, George Osborne, visited a branch in Kingston-upon-Thames last week.
14 Apr 2015
Capital One have announced their decision to slash the reward scheme they offer on their products. They say it is a response to the decision by the European Parliament to implement a cap on “interchange fees”.
14 Apr 2015
Sainsbury’s have just introduced reforms to its Nectar card policy that will see the number of points customer’s receive for every £1 they spend go down from two to one.