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
24 Jul 2014
A third of workers will fall into the higher tax bracket by 2033, according to Office for Budget Responsibility
A third of workers, numbering in excess of ten million, will burst through the 40p threshold by 2033, as the currently higher tax rate is normalised for a significant proportion of society, according to fresh analysis from the Office for Budget Responsibility (OBR).
24 Jul 2014
FCA encouraged to crack down on lenders in the face of Interest Rate Rises – renowned Think Tank releases 10 point plan
The looming interest rate rises must be guarded against, otherwise the indeterminable financial peril the UK could be plunged into could spark a culture of mortgage defaults and excessive borrowing, says influential think-tank.
23 Jul 2014
The crackdown on payday lenders intensified today as 'Pounds to Pocket', an online service owned by CashEuroNetUK, was condemned and banned for negligent advertising. In an email distributed to prospective consumers, the shady payday lender urged customers to indulge in an expensive short-term loan to finance their birthday festivities.
23 Jul 2014
Energy companies have come under the microscope once more, as ministers confess the 'big six' stand to greatly benefit from a deal made in December, regarding green levies, which was mishandled by the government.