What is Wise?

Wise is a global financial technology company that allows you to send money internationally using the mid-market exchange rate. Founded in 2011, it has grown to serve millions of customers across 80+ countries.

Key Features

Wise offers multi-currency accounts, a debit card, and business accounts alongside its core transfer service. The platform is known for its transparency — you see the exact exchange rate and fee before confirming.

Fees and Exchange Rates

Wise does not markup the exchange rate. Instead, it charges a small, transparent flat fee that varies by corridor. For popular routes like USD to IDR, fees are typically under 1%.

Transfer Speed

Most transfers complete within 1-2 business days. Some corridors offer faster options.

Pros

Mid-market exchange rate with no markup. Transparent fees shown upfront. Excellent mobile app. No hidden costs.

Cons

No cash pickup option. Slightly longer registration process due to identity verification requirements.

Our Verdict

Wise is our top recommendation for most international transfers. The transparent pricing model means you always know exactly what your recipient will get.