Supporting nearly 300 currencies, Wise is up to eight times cheaper than a bank. It avoids international conversion rates by matching the currency and amount you’re sending with a similar amount sent in the opposite direction. In short, your recipients receive money from a person in their own country, rather than a transfer sent internationally. Learn how this process keeps your money safe while avoiding costs.
Safety is a No. 1 concern for Wise. It guards your personal information and money by following international regulations and adhering to effective security measures.
Wise will never email you to confirm your ID, password or payment details. If you receive an email from someone claiming to be Wise, do not reply. Instead, forward the email to support@wise.com.
You’ve likely heard about somebody who’s fallen victim to a money transfer scam. Keep your eyes open and remain vigilant with this simple advice.
You need to know that your money is safe, but it’s equally important to protect yourself when picking up money. To safely get your cash:
If you’re sending money internationally and want to save on costs, Wise is a safe and inexpensive option. Compare transfer limits and delivery times to further help you find an option best suited for you.
| Scam | What to watch out for | What to do |
|---|---|---|
| Online purchases | Asking for money up front | Do not pay up front, ask to meet or arrange escrow |
| Lottery and sweeps | Must pay a fee to receive your prize | Ignore it; it’s not a real prize |
| “Guaranteed” loans | Request to pay for your application or taxes before you receive the loan | Rip it up; do not send the money |
| Phishing | Asking for personal details over email (bank accounts, passwords, SSN) | Do not reply or click any links – forward the email to spam@uce.gov |
| Charity | Donation requests from a fake charity posing as real one. | Never wire money when donating to charity, regardless of their legitimacy. |
| Nigerian dignitary | Someone contacts you to help recover a large sum of money, and need your bank account info to help pay fees. | Never provide financial information over email. |
| “Stranded traveler” | A loved claims to be in trouble, and they are asking for you to send cash. | Never send a money transfer until you can verify you know the recipient. |
| Online dating | Getting to know someone online and after you feel a connection, they ask you to wire money. | Never send money to someone you have not met in person. |
Learn about how Small World alternatives can help you send more money for less.
Revolut has made a name for itself as a favourite for frequent travellers by offering great currency services. Stick within the “fair usage” limit for your plan and the pricing can be hard to beat.
Halifax offers different ways to send money overseas to friends and family. Check the exchange rates, fees and features in our review, and compare your options.
Learn about taxes on large-money transfers to the UK from abroad, including penalties and exceptions.
Xe is a leading company of currency solutions that offers competitive exchange rates, no fees and fast money transfers.
Lloyds Bank provides a range of options for sending money overseas to friends and family. See exchange rates, fees and services here and compare your options.
If you’re looking for a secure way to send money overseas, an international bank draft could be for you – but if speed is important, consider using a money transfer service instead.
Check out our review of TorFX’s fee-free money transfers.
If you’re thinking of sending a money transfer with Western Union, read our review of its transfer speed, exchange rates and fees first.
Send an international money transfer to someone without a bank account. Get it there instantly and they can pick it up in person, in cash. Get quotes now.