We have been using Wise’s service for seven years, and as the saying goes, ‘if it ain’t broke, don’t fix it.’
Wise could be the solution you’re looking for. Over 10 million people use this platform. For years, we’ve been making monthly transfers from Brazil to Portugal. Transfers are very fast, the currency is converted and arrives in seconds in your checking account in the country of your choice. Check out the benefits of being a Wise customer.
Wise uses the mid-market exchange rate, the same used by large financial institutions, but without the high fees. Before sending money, you can simulate the transaction and see exactly how much the recipient will receive, with no surprises. You can even lock in the exchange rate and send the money later, in case you’re not able to send it right away.
As you know, I lived in the United States, and at that time, I lost money by withdrawing directly from my Brazilian bank’s ATM in Miami. Unfortunately, I didn’t know about Wise. If you’re living abroad or traveling, avoid this type of transaction. With a Wise account, you can exchange currency at rates up to five times cheaper than the bank. All you need is a phone or computer with internet access.
Wise offers fast transfers to various countries, often in real time, as is the case with transfers between Brazil and Portugal.
How to send money abroad with Wise
After signing up on the platform, you enter the amount in the currency you want to exchange and convert.
You sign up on the platform, either through the app or the website. The registration is free, and you provide your personal and banking details.
Simulate the transfer by entering the amount to be converted.
Fill in the recipient’s details, whether it’s yourself or someone else.
For your security, the system will ask you to verify your identity.
Make the payment.
That’s it! You’ll receive an email with the transfer details.
A tip for those making high-value transfers: access your bank’s app and adjust your payment limits.
And for those who haven’t signed up for Wise yet, we are affiliates. Check out the advantages of sending money abroad with Wise, the best international transfer platform.
