TransferWise is an online money transfer platform that works following an easy concept: You send them the money on to an account in your currency, and they pay the amount to the account of your choice in the chosen currency (Euros, Pounds, Dollars, Yens … etc.).
The main advantages are :
- Cheap: their transfer fees and their exchange rate are much better than those of the banks!
- Security: This is a British company with accreditation from the UK financial authorities. They have a 9.1 / 10 rating on TrustPilot.
- Fast: Depending on the chosen option, transfers are made between 5min and 48h.
- Coverage: The majority of world currencies are available.