Guide to Transferring Money Internationally with Profee: How much it costs and the Alternatives

Profee is a Cyprus-based company that offers fast and convenient ways to send money internationally. Their focus is on card-to-card transfers, providing an alternative to bank-based remittance services. In this article, we'll delve into Profee's features, fees, security, customer reviews, and more.

📋 Complete Guide to Profee International Transfers
Profee Supported Countries How Profee Works Profee Account Limits and Requirements Profee Fees and Exchange Rates Profee Wallet and Multi-Currency Account Meet Wise: A convenient alternative

Profee Supported Countries

Profee supports sending money from most countries in Europe, including Switzerland and the UK. The full list is available here. With Profee, you can transfer money to 65+ countries, listed here.

If you'd like to send transfers from a country other than the one listed above, you'll need to use another method. We invite you to check out Wise as a convenient alternative for secure international transfers from a wider range of supported countries.

How Profee Works

Profee supports transfers from sender's Visa, MasterCard or Maestro card issued in a supported sending country. You can also use Google Pay or Apple Pay, and fund your transfers via SEPA, Sofort or BLIK.

You can send the transfers to the recipient's Visa, MasterCard or Maestro card in a supported sending country. Based on the destination, you may even be able to send money to bank accounts or through local payment methods such as UzCard and HUMO.

Profee Account Types: Transfer Limits and Requirements

You can sign-up for Profee directly from their website or app with your phone number.

• When you sign-up for Profee, you are required to provide your general information and contact details. You start with a Basic account that supports transactions of up to EUR 500, with an over limit of EUR 1000.

• By providing your proof of identity and residency, you can upgrade to a Plus Account that comes with an annual transfer limit of EUR 30,000.

• You can additionally provide details and proof of your source of wealth for a Premium Account that supports an annual limit of EUR 100,000.

The account verification process is a compliance requirement that helps ensure secure money transfers.

Profee Fees and Exchange Rates

Profee charges a transfer fee that is no more than 1% from the transfer amount. For cross currency transfers, there's a fixed fee EUR 1 EUR, USD 1, or GBP 1 depending on the origin and destination of the transfer, with commission-free transfers to certain countries.

Depending on the sending amount and destination, you may be eligible for no fee and promotional exchange rate for your first transfer.

On subsequent transfers, Profee charges a markup of 0.5% on the mid-market rate when converting currencies.

There are additional charges based on the method used to topup the Profee account and to withdraw money to a bank card. Click here for a complete overview of Profee fee structure 👉

Considering cheaper alternatives for international transfers

Low fee with markup on exchange rates on Profee can sound attractive for low-amount transfers. But the costs can add up substantially with larger amounts. As a convenient alternative, we invite you to check-out Wise. Wise offers money transfers globally, with currency conversion is always at the mid-market rate without any markups — this is the same rate you see on Google. Wise displays the transfers fee separately upfront for any transfers, so there's no hidden cost for sending money abroad

Profee Wallet and Multi-Currency Account

In Profee supported countries, users open a multi-currency account that supports holding balances in their available currencies. This comes with a linked Profee Visa card that provides a convenient alternative to banking. The digital card is available for free and you can request a physical card for the issuance fee of EUR 9.99. Click here for a complete overview of Profee fee structure 👉

Profee Customer Support
You can contact Profee through: Online chat By phone: +357 22 000 253 By email: help@profee.com Their support team is available from from 9:00 to 21:00 (UTC+02:00) Monday through Friday.

Meet Wise: A convenient alternative

Going beyond transfers, Wise offers an ideal alternative available in a wider range of supported countries. Enjoy an account as worldly as you are and spend just like a local when you travel abroad with a linked debit card, without worrying about any markups on the mid-market exchange rate.

Get Started with Wise 🚀