Every now and again in the InternChina office, I will look up from my screen and say to anyone who will listen: “This is the best website ever created!”. The team know that I’m talking about TransferWise again! Since discovering TransferWise about 5 years ago, it has saved countless time and a significant amount of money for our organisation and our participants.
Here’s a video introduction which explains how it works:
[youtube id=”MLKKzRvOsLQ” width=”620″ height=”360″]
Compared to making a bank transfer, the process is so much quicker. Typically, all you need is the recipients’ name, email address and IBAN or account number. The fees are clearly displayed, and you can compare these with bank fees before making each transfer. I never even bother comparing any more because the saving compared with any bank has always been so huge for me.
As a British business whose programmes take place in Asia, we send a lot of money to China and Vietnam in order to pay for the cost of delivering those programmes. We use TransferWise for this process which saves us time and money.
For our participants, they can send money to or from their home country whilst in Asia, as well as making deposit payments to us if they’re based outside of the UK. To use TransferWise, you can use your credit or debit card to make payment, or transfer funds from your bank.
For international payments, we always recommend using TransferWise. They’re cheaper than the banks, because they always use the real exchange rate – which you can see on Google – and charge a very small fee. They’re also safe and trusted by over 2 million people around the world. You can sign up here.