Choosing the right way to transfer money (Receive and Send Money) with Wise will largely depend on your payment method. Some payment methods are faster than others. Some can be instant, while others are cheaper.
Here are the best ways to do an international money transfer with Wise:
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Bank Transfer
Bank transfers are usually the cheapest option when it comes to funding your international money transfer with Wise. Bank transfers can be slower than debit or credit cards, but they usually give you the best value for your money.
How to pay by bank transfer
First, you’ll need to set up your transfer on Wise. Then, you’ll need to exit your Wise account, and pay by bank transfer directly through your bank. You can do this either:
- online, through your online banking
- over the phone, with your telephone banking
- or in person, at a bank branch.
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Debit Card
Paying for your transfer with a debit card is easy and fast. It’s also usually cheaper than credit card, as credit cards are more expensive to process.
How to pay by card
We’ll show you the available payment methods when you’re paying for your transfer. For most currencies, you can pay using your debit or credit card.
We only accept Visa, Mastercard, and some Maestro cards. And your card has to have a 16-digit card number, an expiry date and 3D security enabled.
We currently can’t accept payments from:
- all cards issued in Argentina and China
- business cards issued in Russia or Ukraine
- prepaid cards from the UAE, or international payments from an AED currency card.
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Credit Card
Paying for your transfer with a credit card is easy and fast. Wise accepts Visa, Mastercard and some Maestro cards.
How to pay by card
We’ll show you the available payment methods when you’re paying for your transfer. For most currencies, you can pay using your debit or credit card.
We only accept Visa, Mastercard, and some Maestro cards. And your card has to have a 16-digit card number, an expiry date and 3D security enabled.
We currently can’t accept payments from:
- all cards issued in Argentina and China
- business cards issued in Russia or Ukraine
- prepaid cards from the UAE, or international payments from an AED currency card.
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PISP
PISP (Payment Initiation Service Provider) payments are instructions you give Wise to make a bank transfer directly from your bank account — without having to leave our app and log in to your online banking. This option is as cheap as a manual bank transfer, but it isn’t supported by all banks yet.
Sending and receiving money internationally has undergone a transformative shift with the advent of digital financial services. Online platforms and mobile apps have streamlined the process, making cross-border transactions more convenient, efficient, and accessible. Individuals and businesses can now send funds to recipients in different countries with just a few clicks, eliminating the complexities associated with traditional banking systems.
These services often leverage secure and reliable technology, including encryption and authentication measures, ensuring the safety of financial transactions. Moreover, the use of digital wallets and international money transfer services has significantly reduced the time it takes for funds to reach recipients, offering real-time or near-instantaneous transfers in some cases.
As a result, people can seamlessly engage in global commerce, support family members abroad, or collaborate with international partners without the delays and costs associated with traditional banking methods. While these advancements have brought about greater convenience, users should remain vigilant about choosing reputable platforms to ensure the security and integrity of their international financial transactions.
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Wise support more than 50 currencies globally.
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