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…

Best Foreign / Multi Currency Accounts (Uncovered)

While banks make it easy to manage our money (like sending and receiving local payments), things become quite complicated when you’re dealing in foreign currencies. Exorbitant fees linked to these accounts, high minimum balances, and long transfer times can make banks inconvenient for small businesses and international individuals. Recently, some independent financial institutions have recently…

8 Best Services to Transfer Money Overseas

Transferring money internationally safely, inexpensively and quickly seems to be easy. Just pick a reputable service with great reviews. Not so fast. After years of writing reviews and transferring our own money around the globe (personally and for business), as we have written about for years it is easy to miss one very important thing:…