Wise.com Bonus: Free Transfer & $75 Referral Offer Promotion

Find updated Wise (wise.com) promotions and bonus offers here.

Wise (formerly Transferwise) is a service that offers cheap and easy international money transfers. The company has a mission to send money around the world with low and transparent fees at true mid-market exchange rates.

The service is so popular, customers send over $1 billion each month using Wise. You can send money to 70+ countries and receive money from 40+ countries, with over 1,000 country combinations across 49 currencies.

Also, see promotions for Cash App, Remitly and Ria. See all money transfer service offers here.

Wise Promotion: Free International Transfer Offer

Use our referral link below (thanks ahead of time!) to get a free international transfer of up to £500.

Once you have an account open you can start making referral bonus money as well.

Wise Bonus: Invite 3 Friends & Earn A $75 Bonus

Once you have an active account, you can start making referrals to earn bonus money. Invite 3 friends to earn a $75 bonus.

• Log into your Wise account
• Go to “Invite & Earn $75 USD”
• Invite friends using your personal invite link or invite via email
• Your referrals get a free international transfer of up to $500
• When 3 of your invites all transfer over $300, you’ll earn a $75 bonus

See the terms of their referral program here.

Wise: In a Nutshell

Sending Channels	Website & mobile app
Payment Options	Bank account only
Delivery Options	Bank account only
Minimum Transfer Limit	None
Maximum Transfer Limit	$10,000/transfer to $1 million/transfer, depending on origin and direct deposit vs wire

Wise: How It Works

Wise’s novel approach to currency exchange circumvents the middle man, which lets the company charge a whole lot less than its industry peers. How does Wise do it?

The company stores stockpiles of different currencies across the globe. When you send $1,000 USD to a friend in Canada, Wise adds your $1,000 to its USD stockpile, then pays your friend the equivalent in Canadian dollars from its Canadian dollar stockpile.

This method eliminates the need for costly third-party banks, so Wise can offer its service at exactly the bank rate and nothing more. Trust me, you won’t find a better deal than that.  

Borderless Accounts

Also known as multi-currency accounts, borderless accounts let you hold money in over 40 currencies and convert them when the mid-market exchange rate is favorable to you. It’s like having different local bank accounts around the world in one tidy online account.

When you sign up for a borderless account, you’ll also get a personal account number and bank details, along with a Wise debit Mastercard. With this account, you’ll be able to receive money, without having to pay fees, from over 30 countries.

Wise Fees

With Wise, you know exactly how much you’ll pay in fees every time you make a transfer, thanks to its fully transparent fee structure. Just to let you know, this is not the industry standard.

For most currencies, the company also guarantees the exchange rate, so you also know exactly how much your recipient will receive. While other banks will guarantee their exchange rates as well, their rates are often much higher.

Wise charges a percent of the transfer amount, and a flat fee for certain country combinations. The actual numbers depend on the currency you are sending from and to, and certain fees vary depending on the transfer amount. 

Exchange Rate

Wise will convert your money using the true mid-market rate when they receive and process your funds. That’s the absolute best rate you will get with any money transfer service provider.

Wise will even lock your exchange rate for a certain time frame: 24 hours for most countries, 48 hours for all others, except Brazil (72 hours). This locked-in rate is also known as guaranteed rate. Please note, Wise must receive your funds within the allotted time frame, or else the amount the recipient will receive is no longer guaranteed.

Bottom Line

You’ll be hard pressed to find better exchange rates than Wise, especially on a web platform that’s designed for easy setup and use. If low cost is a priority for you, then Wise is a great choice.

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