Best for: Anyone sending money internationally who wants the best exchange rate and full transparency
Setup fee
Free
Monthly fee
Free
Setup time
Create account in 5 minutes; first transfer may need ID verification (1-2 days)
Languages
EN, DE, FR, ES, PT, ZH
Mobile app
Yes (4.7/5)
Free
Who can use Wise (formerly TransferWise)?
| Requirement | Status | Notes |
|---|---|---|
| nationality: non eu | Accepted | Available to all nationalities |
| nationality: eu citizen | Accepted | — |
| visa type: student visa | Accepted | — |
| visa type: language course visa | Accepted | — |
| visa type: job seeker visa | Accepted | — |
| language: no german required | Accepted | Full English |
| credit check: schufa not required | Accepted | No SCHUFA needed |
Wise is the gold standard for international money transfers. They use the real mid-market exchange rate (no markup) with low transparent fees starting from 0.41%. Hold and convert 50+ currencies in one account. Used by 16+ million people worldwide.
Real experiences from people who used Wise (formerly TransferWise).
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