Picture this: you're about to make an international transaction from the UK, but as you're about to hit 'confirm', you spot an unwelcome surprise — a hidden fee tucked within the exchange rate.

It's a common frustration many of us in the UK experience, and it's the problem that Wise seeks to solve.

The Problem: Hidden Fees in Exchange Rates

Traditional UK banks and money transfer services often mask their fees within inflated exchange rates, making your overseas transactions costlier than you'd expect.

This lack of transparency results in UK customers unknowingly paying excessive amounts when sending money abroad.

The Solution: Wise

To counteract this opaque practice, Wise offers a streamlined, transparent service for international money transfers.

By using the mid-market exchange rate and charging low, upfront fees, Wise ensures you get the best value for your hard-earned pounds.

Main Features of Wise

• Price: Conducting international transactions with Wise can be up to 8 times cheaper than with traditional UK banks.
• Safety: Wise is regulated just like any UK bank by financial authorities, ensuring a secure environment for your transactions.
• Speed: The majority of transfers with Wise arrive at their destination instantly or within an hour - 55% arrive instantly, 76% within an hour, and 93% within a day.
• Coverage: Wise allows UK customers to hold, spend, and send money in over 40 different currencies, offering unprecedented financial flexibility.

Wise Products and Services

Wise's suite of products caters to a diverse range of UK customers, from freelancers to financial investors.

Each product is designed to make international transactions smoother and more affordable.

• Wise Account allows UK customers to hold multiple currencies, perfect for those who need to transact with different countries.
• Wise Debit Card enables spending in foreign currencies without hefty conversion fees.
• Wise Travel Card is a must-have for UK travellers, allowing them to spend money abroad without unnecessary fees.
• Wise Business is tailored for UK businesses, streamlining their international transactions.
• Wise Large Transfers is a great solution for transferring large sums of money at a discounted rate.
• Wise Interest and Wise Interest for Business are attractive options for UK residents to grow their money, keeping in mind that Wise Interest is a capital-at-risk product.

Saving with Wise

One of the highlights of Wise is the savings it offers to its UK customers.

Using Wise’s calculator widget or price comparison table, you can see the stark difference in cost between Wise and traditional UK banks, giving a clear picture of the savings on offer.

How to Use Wise

Using Wise is straightforward. You can open a Wise account and follow simple steps to set up an international transfer. Screenshots guide you through each step, making the process hassle-free.

The Wise Brand

Co-founded by Kristo Käärmann and Taavet Hinrikus, Wise, formerly known as TransferWise, launched in 2011 with the mission of revolutionising the traditional banking system.

Today, Wise operates in 170 countries, with a significant customer base here in the UK.

Wise's vibrant colours and bold font encapsulate the dynamism of their global customer base, and represent a world without borders, where individuals and businesses can freely move money across the globe.

In Conclusion

Wise offers a solution that's reshaping how we in the UK manage our international transactions.

By cutting through traditional banking practices and ensuring transparency, Wise has become a go-to service for individuals and businesses across the UK.

With competitive pricing, assured safety, impressive speed, and comprehensive coverage, Wise is making international transactions as straightforward as domestic ones.