3 Months Fee-Free Transfers
Wise is an online money transfer specialist aiming to disrupt the industry, offering the exact exchange rate you can see on Google. This is unique among money transfer companies and banks, which normally add a percentage on top of the exchange rate as an extra fee.
If you’re looking at Wise for the next time you send money overseas, check out what promo codes are available below.
Wise discount codes and coupons
We don’t have any active promo codes for Wise at the moment. Check back regularly or take advantage of another money transfer offer instead.
How do I use my Wise discount code?
Use your promo code for a discount on Wise international money transfer fees.
- Click “Get deal”.
- You’ll be taken to Wise’s website.
- Create an account.
- Set up your transfer and receive your discount.
Wise pros and cons
Pros
- Easy to use. Wise’s site is user-friendly and transparent with the fees clearly visible.
- Offers the mid-market rate. You won’t be able to find a better exchange rate than the one offered by Wise.
- No minimum transfer amount. This makes it well-suited to smaller transfers that other providers might not allow.
Cons
- Bank transfers only. Funds are sent to your recipient’s bank account, with no option for cash pickups.
- Limited number of currencies. Wise is great for the more popular currencies, but for the less popular currencies, you may need to use another company.
How do Wise money transfers work?
- Choose your currencies. Begin the transfer process by selecting the currency you are using (e.g. AUD) and the currency your recipient will receive from a drop-down menu.
- Submit your recipient’s information. Enter their personal and financial details, including their bank’s IBAN number.
- Enter your payment info. Confirm the details of your transfer and your payment method.
- Send your money to Wise. You’ll be given Wise’s account details.
- Your recipient will receive the money. Your transfer will be deposited into your recipient’s bank account.
What forms of payment does Wise accept?
If you live in Australia, you can use any of these payment methods with Wise:
- Debit or credit card. Card payments reach Wise immediately.
- Bank transfer. You’ll need to allow for at least three business days for your bank funds to reach Wise, depending on the currency.
Your funds are deposited directly into your recipient’s bank account once Wise receives your payment.
What is Wise’s refund policy?
If you cancel your transfer after you’ve paid Wise but before your funds are delivered to your recipient, Wise will refund your full amount. Simply reach out to Wise as soon as possible to initiate your cancellation and refund.
See what your transfer could look like with Wise
More guides on Finder
-
Inheriting money from overseas
Find out about transfer methods and Canadian tax rules for receiving an inheritance from overseas.
-
Africhange money transfers review
Discover more about Africhange’s money transfer service including the Africhange app, its exchange rates and transfer speeds.
-
KnightsbridgeFX review
Send free wire transfers to Canada, Europe or the US when you exchange currency with Knightsbridge.
-
Alternatives to Wise (TransferWise)
Learn about how Wise alternatives can help you send more money for less.
-
Remitly review
Wondering how Remitly works? Remitly international money transfer services offer solid exchange rates and lots of ways to get your money where it needs to go.
-
Best international money transfer apps
We compare the best international money transfer services available in Canada to help you find the best money transfer app for your needs.
-
Tax guidelines and regulations for large money transfers into Canada
The CRA won’t hit you with taxes for receiving funds from overseas—as long as it’s a gift.
-
Fastest ways to make a money transfer
Learn more about transferring money overseas quickly, easily and safely in an emergency.
-
Wise review
Wise can help you make a fast, secure transfer at the mid-market rate.
-
OFX review
Read our review of OFX and see if it’s right for your next international money transfer.