How to Send Money via Transferwise ?
Here’s a step-by-step guide on how to send money via TransferWise:
- Sign up for a TransferWise account: You can sign up for an account on the TransferWise website or through the mobile app.
- Set up your transfer: After signing up, you’ll need to set up a transfer by specifying the amount you want to send, the recipient’s details, and the destination country.
- Choose how you want to pay: You can pay for your transfer via bank transfer, debit or credit card, or Apple Pay (depending on your location and the payment method available).
- Verify your identity: TransferWise requires that you verify your identity before sending money. You may need to provide a government-issued ID or passport, depending on your location.
- Review and confirm your transfer: Once you’ve completed the steps above, TransferWise will show you the exchange rate, fees, and estimated delivery time for your transfer. If you’re satisfied, click “Confirm” to complete the transaction.
- Send the money: Depending on the payment method you chose, you’ll need to send the money to TransferWise using the provided details.
- Track your transfer: You can track your transfer’s progress through your TransferWise account, and you’ll receive notifications via email or SMS when your transfer is complete.
That’s it! TransferWise offers a quick, easy, and cost-effective way to send money internationally.
Sign up for a TransferWise account:
To sign up for a TransferWise account, follow these steps:
- Go to the TransferWise website or download the mobile app from the App Store or Google Play.
- Click on “Sign up” or “Register” and enter your email address and a password.
- Choose your country of residence and the currency you want to use for your transfers.
- Provide your personal details such as your name, date of birth, and address.
- Verify your identity by providing a government-issued ID or passport.
- Set up two-factor authentication for added security.
- Once you’ve completed the steps above, TransferWise will send you an email to confirm your account.
Congratulations, you now have a TransferWise account! You can start sending and receiving money right away.
How Many Days Taken to Transfer Money – TransferWise?
The time it takes to transfer money with TransferWise depends on a few factors, including the currencies involved, the payment method used, and the destination country. Generally speaking, most transfers with TransferWise take between one and four business days to complete.
For transfers involving popular currencies like USD, EUR, and GBP, the transfer can often be completed within one business day. For less common currencies or destinations, the transfer may take up to four business days.
It’s important to note that TransferWise provides an estimated delivery time for each transfer based on the details of the transaction. This estimate is subject to change based on any delays or issues that may arise during the transfer process. TransferWise also provides real-time tracking for your transfer, so you can stay up to date on its progress.