In an increasingly connected world, managing money internationally should be simple, fast, and affordable. The Wise account (formerly TransferWise) offers a modern solution for individuals, freelancers, businesses, and travelers who need to send, receive, hold, or spend money across borders without the high fees and hidden charges of traditional banks.
With a Wise account, you gain access to a powerful set of financial tools that help you take control of your international finances with complete transparency
.
1. Real Exchange Rate, Always
Wise offers currency exchange at the mid-market rate—the real exchange rate you see on Google or XE. Unlike banks and many other money transfer services, Wise doesn’t hide fees in inflated rates. You only pay a small, clearly disclosed fee, making it up to 7x cheaper than using traditional banks for international transactions. This means you keep more of your money, especially when transferring large sums or converting currencies regularly.
2. Hold and Convert 50+ Currencies
A Wise account allows you to hold over 50 currencies in one place. You can easily convert between them whenever needed, at real-time exchange rates. Whether you get paid in euros, need to pay a bill in USD, or want to save in yen, your Wise account simplifies multi-currency management. It's ideal for freelancers, remote workers, and people living or working abroad.
3. Receive Money Like a Local
One of the most unique features of Wise is that it provides you with local bank account details in several major currencies—like USD, GBP, EUR, AUD, NZD, and more. That means you can receive payments from abroad with no international fees, as if you had a local bank account in those countries. This is particularly valuable for freelancers, digital nomads, and online sellers who work with global clients.
4. Spend Worldwide with the Wise Debit Card
The Wise debit card lets you spend in multiple currencies without foreign transaction fees. It automatically uses the correct currency in your account or converts at the best rate when needed. You can use it for online purchases, international travel, or ATM withdrawals, all while avoiding hidden fees and charges. The card can also be instantly frozen or managed through the Wise mobile app for added security.
5. Fast, Secure Transfers
Wise is known for speed and reliability. Many transfers arrive within minutes or hours, not days. You’ll get real-time notifications and tracking, so you always know where your money is. Wise is fully regulated by financial authorities in the UK, EU, US, and other countries, ensuring that your money is safe and protected.
6. Tools for Business and Freelancers
Wise for Business includes features like batch payments, team member access, invoicing tools, and accounting software integration. It’s perfect for businesses that operate globally or pay international staff and suppliers.
Conclusion
A Wise account gives you more than just access to international transfers—it gives you complete financial freedom across borders. With fair rates, powerful tools, and low fees, Wise is the smarter way to manage money globally.