TransferWise International Money Transfers

Enjoy safe and reliable international money transfers worldwide with TransferWise.

TransferWise makes it easy to send and receive international payments with outstanding mid-market exchange rates and a user-friendly pay portal. Whether you’ve got one large lump sum to send abroad or regular overseas payments to manage, this reputable international money transfer provider offers a wide range of options so that you can maximize every transaction.

Rates last updated February 22nd, 2018
Name Product Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received Description
TransferWise International Money Transfers
1 - 2 days
Make online transfers with transparent exchange rates, low fees and low minimum amounts.
The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

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How much does it cost to transfer money?

How much a transfer costs depends on three things — the amount you’re sending, how you pay, and the exchange rate. TransferWise charges a flat fee of $3 CAD to transfer amounts below $350 CAD. For any transfer between CAD351 and CAD9,500, you’ll be charged a 1% fee, with an additional 0.7% on any amount above the initial $9,500. Card processing fees are added to the transfer amount charged to the card and vary depending on whether you pay with a debit (1.15%) or credit (1.75%). For an estimate of fees, you can access the TransferWise Transfer Calculator.

Transferwise foreign exchange rates

Transferwise uses the mid-market exchange rate (also known as the interbank rate or spot rate) which represents the midpoint between the buy and sell rates on global currency markets. While many banks trade with other banks at the mid-market rate, they almost unanimously inflate these rates when completing transfers for clients, which means you get less bang for your buck on the other end.

TransferWise, on the other hand, offers a mid-market or best rate guarantee, which means you will never pay more than the banks. As an added benefit, for most currencies, you can lock in the rate offered when you set your transfer up — and you’re guaranteed to get it, as long as you pay for your transfer in a stated time frame (normally 24 or 48 hours).

The registration and transfer process

TransferWise makes sending money overseas a piece of cake with a simple, user-friendly process that takes only a few minutes from start to finish. In the top right hand corner of this page, click “Sign Up” and when prompted, input a username and password. Once you gain access to the pay portal, simply fill out your personal or business profile to automatically populate logistical details for payments*.

When you’re ready to make a transfer, input amount you wish to send and specify currency. Double check personal details and manually enter your credit card or bank account information into the system to complete the payment. Depending on the method of payment, deposits tend to reach TransferWise between 1 and 5 working days.

*Keep in mind that your personal details, such as name and address, are subject to verification and must match the details linked to the bank account or credit card you are using for payment. When you make transfers from Canada, you may also be asked to upload a certified ID copy signed by a guarantor.

How long will my transfer take?

While transfers are normally completed between 1 and 5 business days, transfer times will vary depending on four factors:

  • Location of sender and recipient
  • Method of payment (card or bank transfer)
  • Time of processing (during or outside of bank hours)
  • Status of security checks (completion of identity verification)

For an estimate of processing times, check out the TransferWise Transfer Calculator.

Why choose Transferwise?

Transferwise offers an affordable, reliable and transparent money transfer service offering reasonable fees on transfers at the mid-market exchange rate. It’s quick and easy to transfer money, and the whole process is designed to be as user-friendly as possible.

Frequently asked questions

Your money should arrive to your nominated recipient within one to four business days.

A bit about the history of Transferwise

In 2011, Taavet Hinrikus and Kristo Käärmann were two Estonian expats living in London. Though he lived in London, Taavet was getting paid in Euros for work he’d done in Estonia. Meanwhile, Kristo lived in London but had a mortgage in Euros back in Estonia. Frustrated by hidden bank fees and fluctuating global currencies, the two friends devised a scheme to transfer funds overseas without losing any of their money, and from this endeavor, TransferWise was born.

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26 Responses

  1. Default Gravatar
    TonyJune 17, 2016

    My friend in Shanghai wants to send AUD $60 ( RMB 292 ) to me here in Queensland, how much will it cost her in a fee.

    • Staff
      ClarizzaJune 27, 2016Staff

      Hi Tony,

      Thanks for your question.

      Unfortunately, RMB is not yet listed or available to transfer with TransferWise. However, they are expanding the currencies available to transfer. You can find out more direct on their site.

      You might also find our international money transfers page useful – here, you can compare services or use the form at the bottom of this page to speak to an expert.

      Hope this helps.


  2. Default Gravatar
    WanMay 14, 2016

    does the recipient pay any fees to receive money I’ve transferred?

    • Staff
      ShirleyMay 16, 2016Staff

      Hi Wan,

      Thanks for your question.

      This will depend on the bank account your recipient has and whether they work with any intermediary banks. Please ask your recipient to check with his or her bank directly.

  3. Default Gravatar
    CanMarch 29, 2016

    How much the going to charge mi for 500 aud to sender to chile

    • Staff
      ShirleyMarch 29, 2016Staff

      Hi there,

      Thanks for your question.

      Unfortunately in this current point in time, transfers to the Chilean Peso aren’t supported by Transferwise.

  4. Default Gravatar
    JoeFebruary 14, 2016

    I have a trading account in the USA, I want to return money back to Australia. My Credit Union does not have a swift account, can you recommend how to complete this transaction ie do I need to open a Bank Account in Australia that has a swift account?


    • Staff
      ShirleyFebruary 15, 2016Staff

      Hi Joe,

      Thanks for your question.

      I can confirm My Credit Union doesn’t have a SWIFT number and can’t receive international money transfers. You may want to consider opening a fee-free bank account to receive the funds, and do an electronic transfer to your My Credit Union account.

      Hope this helps.

  5. Default Gravatar
    vireshJanuary 5, 2016

    is it possible by transfer wise that i send money from India to Myanmar

    • Staff
      ShirleyJanuary 5, 2016Staff

      Hi Viresh,

      Thanks for your question.

      Unfortunately it’s not possible to send money from India to Myanmar via Transferwise. You may want to consider alternatives such as HSBC, MoneyGram, Western Union or Xoom.


  6. Default Gravatar
    tarapalDecember 23, 2015

    Hi there, does Transferwise have a travel card that can be uploaded for overseas travel ?

    • Staff
      ShirleyDecember 24, 2015Staff

      Hi Tarapal,

      Thanks for your question.

      Unfortunately Transferwise doesn’t provide a travel card.


  7. Default Gravatar
    tassDecember 2, 2015

    I live in australia but have an bank account in the u.k. with pound sterling. How do i transfer money from my uk account to my australian account so that i receive money in australian dollars

    • Staff
      ShirleyDecember 2, 2015Staff

      Hi Tass,

      Thanks for your question.

      You can use an international money transfer service, such as Transferwise, to do this. Once you’ve set up an account with Transferwise you can enter the details of the recipient account to complete the transfer.


  8. Default Gravatar
    ZarkoNovember 29, 2015

    Can I send Euros from Australia to Serbia

    • Staff
      ShirleyDecember 1, 2015Staff

      Hi Zarko,

      Thanks for your question.

      Unfortunately this is not possible with Transferwise. You may want to choose a country close to its proximity on our A – Z page for more options.


  9. Default Gravatar
    DaveNovember 16, 2015

    How does the recipient collect money at the other end? And if it is via a bank account do you know the various swift codes or international bank codes of banks in Mexico?

    • Staff
      BelindaNovember 17, 2015Staff

      Hi Dave,

      Thanks for your enquiry.

      If you’re sending funds from Australia to Mexico, Transferwise accepts bank transfers and credit cards for up to 3500 AUD.

      If completing a bank transfer, Transferwise will require the recipient’s bank account details, including the 18-digit CLABE account number as well as the recipient’s address.


  10. Default Gravatar
    RobynNovember 9, 2015

    Dumb question, I dare say, but what do you use to upload money? Credit card? PayPal? Also, I am hoping to transfer from Australia. Do you have any restrictions from Australia sites?

    • Staff
      BelindaNovember 12, 2015Staff

      Hi Robyn,

      Thanks for your enquiry.

      If you’re thinking of completing an international money transfer with TransferWise, the payment options will depend on the transfer type and the currency.

      For instance, TransferWise can only send JPY and CAD via SWIFT.

      However, for most currencies TransferWise offers a bank transfer or debit card payment option. You can visit the TransferWise for more details about a specific transaction.

      The maximum transfer amount you can send from Australia is $AUD18,000,000, but generally there are no other restrictions.


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