Wise Reviews & Insights

Score9.4 out of 10

43 Reviews and Ratings

Community insights

TrustRadius Insights for Wise are summaries of user sentiment data from TrustRadius reviews and, when necessary, third party data sources.

Pros

Easy-to-use Platform: Users have consistently found the platform to be easy to use, intuitive, and user-friendly. Many reviewers have stated that they didn't encounter any difficulties or complications during the transfer process. The visually appealing user interface and easy navigation further contribute to a positive user experience.

Low Fees and Transparency: Reviewers appreciate the transparency and low fees offered by the platform. They find it to be a cost-effective solution for their money transfers, especially compared to traditional banks. Many users have mentioned that the platform provides accurate conversion rates and doesn't have any hidden fees, making it a reliable choice for their financial transactions.

Timely Completion of Cash Transfers: The timely completion of cash transfers is frequently mentioned as a positive aspect by users. They are satisfied with the speed at which their transfers are processed and receive their funds promptly. This reliability in transferring money contributes to a positive overall experience for users.

Wise Reviews

2 Reviews

Other

Great for international solo entrepreneurs

Rating: 9 out of 10

Incentivized

June 19, 2024

Use Cases and Deployment Scope

I use it to hold multiple currencies and as a primary business account.

Pros

It's really great for sending and receiving payments
The app is easy to use and fast
I can create a digital card so I don't need to carry a physical one around

Cons

Sometimes it's confusing to switch between my personal and my business account
They have requested multiple times to submit identity verification documents, sometimes even twice in the same week which is annoying

Likelihood to Recommend

Great for operating small businesses with customers around the world

Ed Orozco

UX Designer at Ed Orozco Consulting (Design, 1-10 employees)

Vetted Review

5 years of experience

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Effortless Funds Transfers.

Rating: 10 out of 10

Incentivized

March 23, 2022

Use Cases and Deployment Scope

My use of TransferWise has been personal. My father passed away in the Fall of 2020. One of my siblings lives in Japan and it was necessary to find a way to transfer his inheritance to him. TransferWise was not only very easy to use but was lightning fast. I've sent traditional international wires, which usually require multiple days to make it overseas. TransferWise has a domestic office that serves as a go-between for transfers. So, even though the money I was sending was going international, the wire was domestic. This made it cheaper on the sending bank side (domestic wire transfers were less than international transfers). But best of all, the money was sent and released to my brother within one business. That's incredible! I used TransferWise several times to move funds over to him and would use it again any day.

Pros

Quick - because funds are transferred domestically, even when going international, you don't have to wait long.
Easy - the printout of what information I needed to give the sending bank was complete and easy to understand.
Affordable - the fees on both ends were minimal.

Cons

Popularity - the bank I took the form to regarded it with suspicion at first. They had never heard of TransferWise and I had to wait for a while for them to authenticate it.

Likelihood to Recommend

As long as both entities involved in the transaction have an account and communicate well, I see TransferWise working quickly and effectively in all situations.

Sarah Daggett

Systems Manager at Pacific Lutheran University (Higher Education, 501-1000 employees)

Vetted Review

2 years of experience

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