Every Friday I share one of my favourite finds of the week — a website, tool or app that has impressed me.
My Friday Favourite this week is WISE – Send Money Abroad Cheaply.
What is it?
WISE allows you to send money abroad cheaply through their service. It provides you with the real exchange rate for international funds transfers.
It’s an innovative service created by the creators of Skype to take advantage of peer to peer funds transfers which circumvent the bank’s high fees system.
How can it help me?
Sending money abroad through your bank can be complicated, time-consuming and expensive. Banks charge hidden fees for sending money abroad. Using WISE instead of your bank can mean you pay up to 8x less in fees.
You can use WISE as an individual, or you can set up a business account to reduce the fees when paying your suppliers from other countries.
How much does it cost?
WISE say they only charge you a fair service fee and then uses the real mid-market rate for the conversion of funds.
You can find a full list of the WISE fees at the WISE website.
How can I get it?
You can sign up for a free WISE account.
WISE also has iOS and Android apps.
Richard Tubb is one of the best-known experts within the global IT Managed Service Provider (MSP) community. He launched and sold his own MSP business before creating a leading MSP media and consultancy practice. Richard helps IT business owner’s take back control by freeing up their time and building a business that can run without them. He’s the author of the book “The IT Business Owner’s Survival Guide” and writer of the award-winning blog www.tubblog.co.uk
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