WI

Wise Review

✓ FCA Regulated

Independent expert review - Updated January 2026

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N/A
Established
N/A
Min. Transfer
N/A
Currencies
N/A
FCA Number

At a Glance

Pros

  • FCA regulated for your protection
  • Online dealing platform available
  • Phone support for personal service
  • Segregated client accounts

Cons

  • Account registration required

Overview


Backed by Sir Richard Branson, TransferWise is one of the hottest digital players in international money transfers. The company was born of frustration with one goal in mind, to beat bank fees and bring transparency to overseas money transfers. The two co-founders (one being ex Skype employee number 1) came together with the belief that money should be able to move freely. The company embrace transparancy, offering the mid-market exchange rate, with transaction fees around 0.5% of the amount you are transferring. TransferWise goes as far to say that they offer x10 cheaper rates than the banks. They’re will match any fee and takeaway the headache the banks have been giving you.

TransferWise uses language and highly disruptive marketing tactics to relate to their customers in the hope of exposing the marketing gimmick ‘0% commission.’ Voted by Wired.com one of London’s top 10 startups, Transferwise is breaking through as one of the most clever ways to transfer money between countries.

Services & Currencies

Currency Types N/A
Currencies Supported N/A
Private Clients N/A
Corporate Clients N/A

Payments & Fees

Minimum Transfer N/A
Maximum Transfer N/A
Payment Methods N/A
Fee Structure N/A
Online Dealing ✓ Yes
Phone Dealing ✓ Yes

Security & Regulation

Established N/A
FCA Registration N/A
HMRC Registration N/A
Segregated Accounts ✓ Yes
Annual Volume N/A
Awards N/A

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