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Old 17-10-2018, 12:17 PM   #7
Junior Member
Join Date: Oct 2018
Posts: 63
What is Transferwise?
It’s a relatively new player & disrupter in the world of remittances.... believe it was started by the same guy who came up with Skype (which was since sold to Microsoft). Richard Branson has invested in it and now they are quickly taking global market share from traditional remittance players, especially banks who build fees in the exchange rate. I believe it was just last year when they entered the Singapore market.

You can simulate a transfer on their website home page for easy/quick comparison. They have an app you can use to execute a transfer within seconds, and then you do a FAST transfer from your bank to fund it. Another good thing about Transferwise, they typically use whatever local money movement method is available, like in the US it is ACH so you don’t get any surprise fees for incoming wires.
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