The best solution for low-cost international transactions: How Wise lowers your fees

In today's interconnected world, international transactions are almost unavoidable. However, high fees and unfavourable exchange rates can often be a major obstacle. This is where Wise comes in - the innovative platform that ensures transparency and cost efficiency.

What is Wise?

Wise, formerly known as TransferWise, is a leading provider of international money transfers. With Wise you benefit from low fees and real exchange rates that traditional banks often don't offer.

How does it work?

Wise uses a network of accounts around the world. When you send money, it is deposited into a local account in your country and then paid out from the recipient's local account in their country. This reduces costs and speeds up the transaction considerably.

Advantages of Wise:

1. Multi-currency account: You can store and manage more than 50 different currencies.
2. Local bank accounts: You can open a local bank account in local currency in more than 14 countries. This allows you to send or receive money directly from your domestic account as if you were a local.
3. Real exchange rates: You get the real market rate and not the poor rate often offered by banks.
4. Speed: Your transactions are usually processed faster than with traditional banks.
5. Ease of use: The user-friendly app makes international transfers simple and stress-free.
6. Low fees: Wise uses a transparent fee structure with no hidden costs.
7. No monthly account maintenance fee: There is no monthly service fee for the account.

Visit Wise here and start your first transaction today!

Countries for which it is possible to open an account:

Andorra, Australia, Austria, Bahrain, Belgium, Bouvet Island, Brazil, Bulgaria, Canada, Cayman Islands, Chile, China, Colombia, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, French Guiana, Georgia, Germany, Gibraltar, Greece, Guadeloupe, Guam, Guernsey, Hungary, Iceland, India, Ireland, Isle of Man, Italy, Japan, Jersey, Kuwait, Latvia, Liechtenstein, Lithuania, Luxembourg, Macau, Malaysia, Malta, Martinique, Mayotte, Monaco, Netherlands, New Zealand, North Macedonia, Norway, Philippines, Poland, Portugal, Qatar, Réunion, Romania, St. Barthelemy, St. Martin, St. Pierre and Miquelon, Saudi Arabia, Singapore, Sint Maarten, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, United Kingdom, United States.

Countries for which local bank accounts are available:

European Union (EUR: SEPA/IBAN), United States - temporarily limited (USD: ACH, WIRE), Australia (AUD), Canada (CAD), United Kingdom (GBP IBAN), Singapore (SGD, FAST, GIRO, MEPS), Hungary (HUF), Turkey (TRY, IBAN), New Zealand (NZD), Romania (RON, IBAN), Switzerland (CHF, IBAN), Japan (JPY), Hong Kong (HKD, IBAN), Poland (PLN, IBAN )

If you are looking for a cost-effective and transparent solution for international transactions, Wise is the right choice. Save money and time and enjoy a modern and user-friendly service.

Opening an account is a simple process that you can do yourself. However, if you need assistance with opening an account or with verification, you can contact us; the cost of our service is 200 GEL.

This blog contains helpful information but does not constitute financial advice. An entrepreneur should familiarise themselves with the full information in order to make the right decision based on their individual needs.