TransferWise is an exceptional way to send money overseas!
Good evening from the UK.
I'm Mei !
I am married to an Italian man and currently raising a half-Italian son.
This time, Why use TransferWise to transfer money overseas?
➡︎ Join TransferWise and Receive an invitation code for a commission free transfer up to 500GBP
TransferWise
https://transferwise.com/
How can I transfer money overseas cheaply?
If you are living abroad and want to send money to a European account, using a bank is expensive and FXPayPal is difficult to understand!
Here is a site that is highly recommended for such people and that can make the transfer fee overseas cheap!
It is also convenient when you want to easily send british £ to Europe!
However,,,
Why are the commission so cheap! ?
Do you have any doubts?
The reason is groundbreaking!
This time I will explain with illustrations!
First, what kind of person founded TransferWise?
Here are some tips!
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What!
TransferWise developers
Those who developed skype! !
The developers of TransferWise are the people who developed skype, they knew how expensive it was to send money between different countries, so you can say TransferWise is a service born from their own frustration.
Why can I send money overseas cheaply? This is because TransferWise has accounts at banks all around the world .
In other words, they match each member who wants to send money overseas and change it to domestic money transfer.
TransferWise is a P2P money transfer service founded in January 2011 by Kristo Käärmann and Taavet Hinrikus, based in London.
There are 8 offices in New York, Sydney, Singapore, Tallinn, Estonia and more than 1 million users!
For this reason
The fee is less than 1/10 of bank transfer! ! !
It's Really cheap!
How to make commission fees free!
Look here! !
If you register from my invitation link, click here! The fee required for commission is free.
I wish I had received an invitation link from my friend ... I just regretted it, so please use it if necessary.
TransferWise
https://transferwise.com/
➡︎ TransferWise Receive an invitation code for a commission free transfer up to 500GBP
Why can I send money overseas cheaply? The explanation of the mechanism
The fee is less than 1/10 of bank transfer! ! !
It is cheap!
I think you can understand that, but at first I didn't understand the mechanism of why it is so cheap, but once they explained it me it finally made sense, so I drew an illustration to make you understand too!
The reason why it can be so cheap ...
TransferWise has accounts at banks all around the world!
In other words, they match each member who wants to send money overseas and change it to domestic money transfer.
There is no charge for domestic transactions, and transactions between the same banks.
For example, let me briefly explain ...
[Mechanism 1] Why are transferwise fees cheap?
Mr. A who lives in Italy wants to send 1000£ to Mr. B who lives in the UK
Mr. C living in the UK wants to send 1000£ to Mr. D living in Italy
[Description of mechanism 2]
Japan United Kingdom
Mr. A → 1000£ → Mr. B
D ← 1000£ ← C
A and C both Deposit money into TransferWise .
TransferWise will transfer money to B and D on behalf of them.
[Description of mechanism 3]
A → TransferWise
TransferWise → B
C → TransferWise
TransferWise → D
That's it.
In other words, they match each member who wants to send money overseas and change it to a domestic money transfer.
There is no charge for domestic transfers, and transfers between the same banks.
They match A and D in Italy and send 1000£ deposited from A to D.
And then they send 1000£ deposited from Mr. C to Mr. B who both lives in UK.
A C
↓ ↑
TransferWise
↓ ↑
B D
This is why TransferWise's fee is cheap, because it was matching domestic money transfers and changing it to domestic fees .
How to make remittance fees free!
Notice here! !
Mei
If you register from my invitation link, click here! The fee required for transfers is free .
I wish I had received an invitation link from my friend ... I just regretted it, so please use it if necessary.
TransferWise
http://transferwise.com/
➡︎ TransferWise Receive an invitation code for a commission free transfer up to 500GBP
Click here for information on how to open a TransferWise Japan account