TRANSFERWISE - All required important information of a leading money transfer service provider (2021)
Pros and Cons, Brief Summary and much more information
Pros
- Transfer amount as low as $2
- Transparency in fees/coversion rates
- Offers online fees calculator
- Wire transfer upto $1,000,000
- Pay by debit card upto $2000 for fees of around 0.744% plus TransferWise fees around 0.7%
- Excellent customer reviews
Cons
- Less favorable exchange rates than major competitors
- 0.7% transferwise fees in addition to transfer fees on all transaction
Features
| Transfer Fees | ≈(0.2% + 0.7%) on $2-15000 |
| Transfer Time | 1-2 Day |
| Max Transfer Amount | $15000 |
| Min Transfer Amount | $2 |
| Sending Methods | Bank ACHWire TransferDebit CardCredit Card (Not recommended-Remittance often treated as cash advances) |
| Receiving Methods | Direct Bank Deposit |
| Referral Program | Yes |
| Customer Service Information | Email: support@transferwise.comNumber (US): +1-888-908-3833 |
How to Send Money with TransferWise
Brief Summary
TransferWise is an authorized electronic money transfer service independently regulated by the Financial Crimes Enforcement Network (FinCEN) the United States. The company supports more than 750 currency routes across the world including GBP (Pound Sterling), USD (US Dollar), EUR (Euro), AUD (Australian Dollar) and CAD (Canadian Dollar) and provides multi-currency accounts to send money globally through their online platform. TransferWise does not have any hidden fee or charges in their exchange rate offer for online transfers. It uses the 'inter-bank' rate – the real rate independently provided by Reuters which saves your money (even compared with the companies who advertise zero commission rate on their online transfers). That means fair, low-cost transfers every time you use their transfer service. This remittance service provider has an easy to use online platform which can be accessed from any personal device such as phone, laptop or PC while also ensuring safe and secure money transfers.
TransferWise offers competitive USD to MXN exchange rates for sending money to Mexico in Mexican Peso from USA in US dollars. TransferWise offers transparency in calculating the transfer fee and offering a best current exchange rate. The minimum amount in US dollars which is to be sent is as low as $2 and the maximum amount is as high as $15000 to be converted into Mexican Peso in a single transaction. This remittance service provider offers various payment methods such as Bank ACH, Wire Transfer, Debit Card, Credit Card for your online transactions. You can send a wire transfer for a maximum amount of $1,000,000 US dollars using their online platform. For the convenience of the users, the remittance company provides an online exchange fee calculator using which one can calculate the exact amount of exchange fee incurred in one transaction. The typical transfer time is around 1-2 business days during which the money is deposited in the bank in Mexican Peso. TransferWise ensures safe and secure transfer of money and makes sure that the funds are received as soon as possible.
Steps to send money to India using TransferWise
Go to https://remitanalyst.com/send-money-to-mexico-usd-to-mxn/remit-profile/transferwise & click “Send”
Select the country where you want to send money. Click “Register” to create an account if you’re a first time user otherwise click “Log In”
Click “Sign Up” to Create an account if you’re a first time user otherwise enter email ID and password. Click “Log In
Fill out basic information and click “Sign Up”
Select “Source and Destination countries”, enter the “Amount” you want to send & select “Payment Method”. Click “Continue”
Select whether it is a “Personal Transfer” or a “Business Transfer”
Enter your personal details including full name, date of birth, phone number and address. Click “Continue”
Select the type of the recipient
Fill out “Sender’s Bank Details” or “Debit/Credit Card Details”Fill out Recipient’s “Basic Information” & “Account Details”. Click “Confirm”
Select the “Reason for your transfer” and click “Continue”
Carefully review the “Sending Amount”, “Recipient’s Information” and “Recipient’s Bank details”. Click “Confirm and Continue”
Select the “Payment Method” and click “Continue to Review”
Select the bank and link your bank account to TransferWise securely using your credentials.
Select an account and authorize the payment
Visit https://remitanalyst.com/send-money-to-mexico-usd-to-mxn/remit-profile/transferwise to get all required information about TransferWise money
TransferWise FAQs (Frequently Asked Questions)
Send Money to Mexico from USA
How much fees does TransferWise charge?
What is the minimum amount I can transfer with TransferWise?
What is the maximum I can transfer with TransferWise?
How long does it take to send money online with TransferWise?
What are the payment methods that TransferWise supports?
What are the receiving methods that TransferWise support?
At what rate will TransferWise transfer my money?
How do I set up a transfer with TransferWise?
Can I cancel my transfer with TransferWise?
When is the best time to set up a transfer with TransferWise?
From which countries can you send money using TransferWise?
To which countries can you send money using TransferWise?
Does TransferWise offer a cash pick-up facility?
How often does TransferWise offer bonus coupons?
How secure is my transaction with TransferWise?
Does TransferWise have a mobile app?
What are TransferWise’s Customer Service information?
What are TransferWise’s Customer Service hours?
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