Wise offers a Free Account and Debit Card for just £5. Wise started in 2011 with the goal of making international money transfers affordable, fair, and simple. Today, their multi-currency account helps more than 10 million people and businesses around the world manage their money. Here’s an overview of their journey.
When you sign up, you get a fee-free transfer for up to 500 EUR, and you benefit from the real exchange rate when sending money abroad.
Wise, previously known as TransferWise, is a global technology company focused on facilitating money transfers worldwide. Over 10 million users, including individuals and businesses, have switched from banks, PayPal, and traditional providers to Wise because it’s more affordable, quicker, and easier to use. Even large corporations and banks utilize Wise’s innovative technology, which aims to create a seamless, borderless payment network for everyone, everywhere. Wise processes over £5 billion in transactions each month, saving customers over £1 billion annually.
The concept of “Money without borders” means instant, convenient, transparent, and eventually free transactions. Wise supports global lifestyles by enabling people and businesses to pay, get paid, and spend in any currency, no matter where they are or what they’re doing.
Using a Wise debit card, you can make purchases in local currencies worldwide. This card works anywhere Mastercard or Visa are accepted. When spending in any currency, Wise’s smart technology automatically converts your money with the lowest possible fee, ensuring you always get the real exchange rate. You can order a Wise debit card for just £5.
Though the company’s name has changed, their mission remains the same: to help people manage their money internationally in a cheaper, faster, and more transparent way. With over 10 million customers, Wise moves more than £5 billion every month, saving users £3 million daily in bank fees. The Wise account allows users to hold balances in over 55 currencies and use their debit cards to shop and spend abroad.
Wise has also teamed up with banks and companies like Monzo, Bolt, and GoCardless to improve international banking for their customers. Notably, investors such as Richard Branson and PayPal co-founder Max Levchin support Wise’s vision.
Wise now operates in 17 offices around the globe and employs over 2,400 people.