Product Information
What is Wise?
Wise is a financial platform that facilitates international money transfers, spending, and management. It enables users to open an account in any of over 8 currencies, receive payments in more than 50 currencies, and earn interest on USD balances. Formerly known as TransferWise, Wise uses real exchange rates to assist international students, businesses, freelancers, and expatriates in sending, receiving, and securely managing their money. The cost of Wise's services can be up to 8 times cheaper than traditional banks, with users benefiting from the actual exchange rate. It offers a free multi-currency account, allowing users to hold and manage funds in various currencies and convert them when rates are favorable. Trusted by millions, Wise is fully regulated, ensuring the safety and security of users' funds.
Users can send money, pay international bills, settle mortgages or loans, manage funds in 70 currencies, and receive payments in multiple currencies (AUD, GBP, EUR, USD).
How to use Wise?
Wise is a financial platform designed to facilitate international money transfers, spending, and management. By using real exchange rates, it helps users send, receive, and spend money safely and cost-effectively, often at lower costs than traditional banks.
Core Functions of Wise
Money Transfer
Support for Multiple Currencies
In-app remittances
Online Banking
Payment Processing
Overseas account deposits
In-app transfers
Usage Scenarios of Wise
- Conduct international remittances
- Pay international bills or repay overseas loans.
- Manage and hold funds in multiple currencies.
- Receive payments from different countries.
- Provide cross-border financial services for expats, students, businesses, and freelancers.
Common Questions about Wise
What does Wise do?
How do I use Wise?
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What are the use cases for Wise?
