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Types of transfers for sending EUR

There are three types of transfers you can choose from to send EUR: Fast, Easy, and Low cost.
 

Type of transfer Details
Fast transfer The fastest way to send money. We do extra work behind the scenes to make sure your transfer reaches its destination faster and to keep your money safe from card fraud. 

Send money using your debit or credit card.
Easy transfer A cheaper way to send money that usually takes a bit longer to arrive. 

The fee will be lower, and your transfer can take up to a few working days.
Low cost transfer A convenient way to send money but we'll spend a little more to make these smaller transfers as quick as can be. 
 
 
Fast transfer

This type of transfer is the quickest way to send money abroad on TransferWise. It’s also faster to set up — you just need to type in your card details, or use your fingerprint with Apple Pay or Android Pay. But processing these transactions is more expensive for businesses like TransferWise.

Here’s why: Firstly, with Fast transfers, your money isn’t sent to TransferWise instantly. As a result, TransferWise needs to do extra work to speed it up — and that’s a costly thing to do.

Secondly, when you use your card — or pay with Apple or Android Pay — you get extra, behind the scenes support from TransferWise. This extra work keeps your money safe if you’re unlucky enough to have your card used fraudulently.

All these things make Fast transfers more expensive. But this extra expense doesn’t make TransferWise any more profit — it simply covers the extra costs associated with this type of transfer.

Easy transfer

This type of transfer is a convenient and quick way to send 3,000 EUR or less. It’s available in Austria, Belgium, Germany, Italy, the Netherlands, Spain, and Switzerland.

When you make an Easy transfer, you’ll use SOFORT to send the money. You won’t have to leave TransferWise to make a bank transfer. 

Low cost transfer

This type of transfer is for customers who want the most from their money. 

For most people, these transfers are a bit less easy to make. They’re also slightly slower to fund, because you need to send the money to TransferWise as a separate transaction. 

You can do this using a manual bank transfer, or by using the money stored in your borderless account. You can also pay with iDeal, Trustly, or SOFORT when sending more than 3,000 EUR. TransferWise doesn’t need to do extra work to speed up how quickly your money moves. As a result, we can offer Low Cost transfers at a much cheaper price.

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