Wise Review 2022 (TransferWise) – Is Wise Safe?

This TransferWise review was updated to reflect the company’s new brand, Wise Money Transfers, and its new fee scheme since going public via direct listing in the London Stock Exchange in July of 2021.

Wise, formerly TransferWise, is currently the biggest money transfer company in the UK boasting £4bn in monthly turnover. It is completely safe to use the company’s services, like millions of other Brits, Europeans, Australians and Americans do every month, but there could be better options depending on your needs.

Wise.com pride themselves on a transparent fee structure and excellent exchange rates. The online system is easy to use and users are almost unanimously satisfied. Read more about all aspects of the firm in this TransferWise review.

86.8% Editorial rating.
Aggregated reviews
Level of Satisfaction
Industry Awards

Is Wise the best choice for me?

Depending on usage. Wise is undoubtedly very cheap and has slick technology in place, as well as a high functional multi-currency account. If you constant required to send and/or receive small payments in multiple currencies (bank to bank), and happy to do it all online, then TransferWise is great. If you have larger requirements such as a property deal, transfer of a mortgage, large business payment and so forth then we believe you could benefit from using a currency broker as per below.

Wise Competitors / Alternatives: Better for Large Transfers

Although Wise is a groundbreaking “new age” type of service, and is completely safe to use, Money Transfer Comparison rated several companies with higher scores because we believe they provide a more comprehensive “premium” type of solution, as opposed to Wise’s “plain vanilla” offering. Below you can find some of the more prominent Transferwise competitors we have reviewed: