Banks and other providers often add a markup to their exchange rate while advertising low fees, which means you could be paying huge hidden charges.
TransferWise uses the real Reuters exchange rate and charges a low, transparent fee. That’s why it’s cheaper. It’s only fair. It’s your money.
TransferWise serves over 300 transfer routes. You can learn more about the countries TransferWise supports here.
It depends on the country you're sending money to. In the Eurozone, you'll always need an IBAN and a SWIFT / BIC code. Banks in the USA use SWIFT codes, but they don't use IBANs. It's the same in New Zealand too. Learn more about IBAN numbers here.
As of today, 35 countries in the extended Eurozone are within the SEPA (Single Euro Payments Area) - including the United Kingdom, Switzerland and Germany. Learn more about which countries are in SEPA here.
TransferWise takes no responsibility for any money you lose because you’ve used the wrong code.
If you’re not sure about any of the details you’re using, get in touch with the bank or financial institution in question. They should be able to give you the right information.