Open a Bank Account in the UK (for Non-Residents and New Arrivals)

As a non-resident or new arrival to the UK it can be frustrating opening a UK bank account – usually documents are needed to prove your residency in the UK. Fortunately: There are some banks who can make it easier and great online alternatives that can be opened without the need for documents which prove…

PayPal International Fees & How to Reduce Them

PayPal was designed and is still focused foremost on being an online payments system. When it comes to international fees, PayPal can be relatively expensive and hard to compare with the alternatives. In this post we will show you how you can work out your fees, keep them lower and point out some alternatives that may…

How Wise Works (or not)

Wise (was Transferwise) is known for its ability to help international people and businesses. Wise works by solving a big problem many people and businesses face when dealing with multiple currencies. Wise has three parts to their service: International Money Transfers Multi Currency Account Prepaid Debit Card In this article, we will explain how each…

Is Wise Safe?

A big question for Wise money transfers and their multi currency account is: Is Wise safe and reliable enough to trust with your money? We will explain all the important issues you should be thinking about like reliability, website security, scam potential, customer reviews (especially the negative ones), the Apps and if Wise is safe…

Wise Exchange Rate

Complete Guide to Saving Money Banks and money transfer companies normally don’t let anyone have the mid-market or interbank rate. This is how they make money. Meanwhile Wise claims to offer the “realest” rate – which is to say the Wise exchange rate is the mid-market or interbank rate. But Wise is not a charity….

What is Remittance?

In a broad sense, a remittance can simply refer to the transferring of money overseas between two parties for non-commercial purposes. However, the term is usually used in the context of people working overseas sending money back to family in their home country. Now, The emphasis here is on “non-commercial,” as remittances are different from…