Online currency exchange service
Whether you are travelling, living abroad, sending money to friends or saving in multiple currencies, there are quite a few options out there to help you out. By far one of the best foreign exchange solutions to help is Wise (formerly Transferwise).
Having used Wise for a few years now it has been gradually getting better and better. For context, the experience is based on being a UK expat living in Dubai and travelling regularly around the world. Its been easy to move money to the UK and UAE while also having access to funds when visiting other countries. And with the exchange rates so low its also very cost effective which of course makes this one of the best foreign exchange solutions out there.
For the truly global citizen, it is services such as Wise and BNE Sim which enable to live border free and cost effectively.
Low rates
Rates to exchange are relatively low and very reasonable. There is an element of integrity here too as the team at Wise will often share updates on where they have been able to adjust rates
Quick
So quick! From USD into a UK GBP account takes normally around 1 to 2 seconds. And to the UAE about 5 seconds. It all depends on your bank and the app is always clear on when it will arrive
App
This is a very well coded app that’s logical and quick. With friendly graphics and a quick insight into where your money is and what denominations. Everything can easily be managed here and makes it one of the very best apps of any variety available. Even their web-based mobile experience looks and feels just like the app.
Cards
You can get a physical card that works globally at the same rates you see in the app. And if you want, you can get virtual cards too. All easily added to Apple Pay or Android Pay and with all of the details available in the app.
Links
October 30, 2023
