Wise Alternatives

Wise alternatives
Best Wise Alternatives for 2022

If Wise is not quite what you are looking for in our detailed Wise alternatives guide, we should you the best Wise alternatives below.

The best Wise alternatives for money transfer are XE Money Transfer, Remitly, Wise Multi-Currency Account, CurrencyFair, Wise Business, InstaReM, OFX, Currencies Direct, and Moneycorp.

What Could Wise Could Improve?

  • Wise has a min transfer limit of US$1.00
  • Wise has a max transfer limit of US$1,000,000 (varies based on currency)
  • Wise Charges transfer fees.
  • Wise does not offer PayPal as a payment method
  • Wise does not offer Neteller as a payment method
  • Wise does not offer Livechat support.

Wise Alternatives

Wise alternatives
10 Wise Alternatives

  1. Visit Wise alternative XE Money Transfer

    Used By: 280000000
    Currencies Available: 76
    Transfer Fees: none
    Payment Methods: Bank transfer, credit card, debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$500,000.00 (or equivalent)
    Year Founded: 1993

  2. Visit Wise alternative Remitly

    Used By: 3000000
    Currencies Available: 63
    Transfer Fees: 0-3.99$
    Payment Methods: Bank transfer, credit/debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$20,000.00
    Year Founded: 2011

  3. Visit Wise alternative Wise Multi-Currency Account

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  4. Visit Wise alternative CurrencyFair

    Used By: 150,000
    Currencies Available: 17
    Transfer Fees: 0.45%
    Payment Methods: Bank transfer, debit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: £5.00 (or equivalent)
    Max Transfer: £10,000,000.00 (or equivalent)
    Year Founded: 2009

  5. Visit Wise alternative Wise Business

    Used By: 11000000
    Currencies Available: 55
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  6. Visit Wise alternative InstaReM

    Used By: 130000000
    Currencies Available: 11
    Transfer Fees: 0%-1%
    Payment Methods: bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: $1 (minimum sending amounts could differ based on certain currency pairs)
    Max Transfer: No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country)
    Year Founded: 2014

  7. Visit Wise alternative OFX

    Used By: 1000000
    Currencies Available: 54
    Transfer Fees: 15 AUD below 10k AUD
    Payment Methods: ETF, BPAY (Australia), Direct debits
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: 1000 USD
    Max Transfer: none
    Year Founded: 1998

  8. Visit Wise alternative Currencies Direct

    Used By: 325,000
    Currencies Available: 22
    Transfer Fees: none
    Payment Methods: Bank transfer, debit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: 25000 GBP
    Year Founded: 1995

  9. Visit Wise alternative Moneycorp

    Used By: 15000000
    Currencies Available: 161
    Transfer Fees: none
    Payment Methods: debit card via our online platform or a wire transfer, cash
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 50 USD/GBP/EUR
    Max Transfer: none
    Year Founded: 1962

  10. Visit Wise alternative TransferGo

    Used By: 2,500,000
    Currencies Available: 39
    Transfer Fees: 0.5%-1.5%
    Payment Methods: Bank transfer, debit card, credit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: 1.5 GBP
    Max Transfer: 1000000 GBP
    Year Founded: 2012

  11. Visit Wise alternative Western Union

    Used By: 15000000
    Currencies Available: 38
    Transfer Fees: up to 3%
    Payment Methods: Cash, bank transfer, debit card, credit card (varies from country)
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: $1.00
    Max Transfer: $10,000.00 (varies)
    Year Founded: 1851

  12. Visit Wise alternative Credit Suisse

    Used By: 1000000
    Currencies Available: 1
    Transfer Fees: none
    Payment Methods: eBill, QR-bill, standing orders, payment orders, online & mobile banking, direct debit, multi-payment orders, bank transfer, debit card, credit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: none
    Year Founded: 1856

  13. Visit Wise alternative Scotiabank

    Used By: 25,000,000
    Currencies Available: 23
    Transfer Fees: none
    Payment Methods: Bank transfer, debit card, credit card, apple pay, google pay, Scotiabank Saddletone gift cards
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: 10000 USD
    Year Founded: 1832

  14. Visit Wise alternative Xoom

    Used By: 250000000
    Currencies Available: 4
    Transfer Fees: 0$-40$
    Payment Methods: Bank transfer, debit/credit card, PayPal balance
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$10.00
    Max Transfer: 2999 USD/day, 6000 USD/month, 9999 USD/3 months
    Year Founded: 2001

  15. Visit Wise alternative MoneyGram US

    Used By: 150000000
    Currencies Available: 46
    Transfer Fees: 0-1.99$
    Payment Methods: pay by card or directly from your bank account
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 3000 USD
    Year Founded: 1940

  16. Visit Wise alternative Skrill

    Used By: 120,000
    Currencies Available: 33
    Transfer Fees: none
    Payment Methods: Cash, bank transfer, debit card, credit card, e-wallet, cryptocurrency (depending on country)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$1.00 (varies based on certain currencies)
    Max Transfer: US$2,500.00 / day (weekly and monthly limites also apply)
    Year Founded: 2001

  17. Visit Wise alternative Neteller

    Used By: 500000
    Currencies Available: 28
    Transfer Fees: none
    Payment Methods: online banking account, debit, and credit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: up to 50000 USD/transaction
    Year Founded: 1996

  18. Visit Wise alternative Jet Peru

    Used By: 500000
    Currencies Available: 3
    Transfer Fees: 5-9$
    Payment Methods: bank transfers, credit card, debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 10000 USD
    Year Founded: 2000

  19. Visit Wise alternative Vigo

    Used By: 500000
    Currencies Available: 38
    Transfer Fees: 4.99 USD
    Payment Methods: credit, debit, electron, maestro
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: none
    Year Founded: 1990

  20. Visit Wise alternative Access Bank

    Used By: 40,000,000
    Currencies Available: 13
    Transfer Fees: 3%-4%
    Payment Methods: debit card, bank transfer, prepaid cards
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: 3000 N
    Max Transfer: 100000 N/transaction, 1M N/day
    Year Founded: 1989

If you have ever needed to send money overseas, then Wise may have been on your List. The money transfer market has grown immensely in the last 5 to 10 years and now there are many well-known Wise alternatives.

There are Lots of other money transfer choices to Wise.

People have different needs when moving funds internationally, a Wise alternative which is effective for one person, may not function well for others.

Although there are a few main large providers of money transfer services it’s always good to see what Wise alternatives have to offer as there isn't any guarantee that Wise provide you with the very best money transfer offers.

When transferring money especially larger amounts, you should compare the foreign exchange rate offered by Wise and Wise alternatives to the interbank rate. If you are being given an exchange rate much worse than the interbank exchange rate, then you are losing out.

Therefore it’s a good idea have a Look at all the best Wise alternatives and check whether you are able to get a better deal or service elsewhere.

Numerous factors go in to picking the ideal alternate to Wise. These include money transfer charges, exchange rates, payment methods, money transfer completion times, simplicity of usage, and customer service support.

Wise is an online Money Transfer founded in London, UK. Wise was established in 2011 which means it has been going for 11 years.

Wise serves customers in US, UK, Eurozone, Canada, Australia, New Zealand, Asia, South America.

Wise isn't listed on any stock market, doesn't disclose its yearly report on its website and doesn't have a Money Transfer.

If you are not happy with Wise, let us show you some great alternative Money Transfers.

What Wise Doesn't Offer and Alternatives For Each.

Having a reputable and dependable online Money Transfer company is crucial when sending money online. All of the alternative Money Transfer companies we list below have good reputations and match what you are looking for.

We have listed some reasons why Wise may not be the best Money Transfer for you.

But don’t worry we have compiled a list of the best Wise alternatives further below.

Important Factors When Finding Wise Alternatives

    When looking for a Wise alternative, it is crucial to look at the following factors:
  • The transparency and cost provided by the money transfer operator.
  • Their service speed.
  • Dependable network strength and connectivity.
  • The quality of their customer service.
  • The convenience and versatility offered.
  • Services with added value.
  • Safety and security when transferring money.

What are important factors when looking for a Wise alternative.

Wise Easier Account Opening

Opening an account with Wise is easy. Let’s see how Wise alternatives compare in terms of account opening.

  • A Government approved ID card.
  • The applicant’s social security number.
  • The applicant’s mailing as well as physical address.
  • The applicant’s date of birth.
  • A co-signer if the applicant is below 18 years.

Many Wise alternative money transfer companies often have added requirements for applicants to open bank accounts. One example being that some money transfer companies or financial institutions require applicants to have two forms of identification, i.e. a student ID or credit card. Some even ask applicants to add in a minimum opening balance for checking accounts which could, depending on the bank, either be very high or conveniently low.

More Depositing and Withdrawing Options than Wise

You may be looking for a Wise alternative that has a greater choice of deposit and withdrawal options. Funding and withdrawing from your Wise account to your chosen payment method should be straight forward. Let’s see how other Wise alternative compare for their deposit and withdrawal options.

  • Digital wallets
  • Credit card (i.e. Visa and Mastercard)
  • Debit card
  • Bank transfers
Withdrawal OptionsBank deposit, mobile wallet depositBank depositBank deposit, cash pick-up, home delivery, mobile wallet deposit.

Wise Alternatives that Offer Different Types of Money Transfers

Aside from P2P payments, many Wise alternative money transfer operators also process other types of money transfers, namely, B2B payments (invoice payments), business to person flows (salary payments), and government to person transfers (pension and welfare). There are also consumer initiated or “retail” payments, and “wholesale” payments which are basically initiated by institutions.

What you might want to have access to different types of Money Transfer products that Wise is not able to offer.

Wise Regulation Alternatives

Money transfer regulations are there to track suspicious activity such as money laundering and put a stop to it. These rules require money transfer operators to send the payer’s information. Money transfer companies that comply with money transfer regulations are seen as reliable and reputable by customers.

See how Wise compares with other top money transfer services for regulation.

Wise Money Transfer Fees and Charges Alternatives

When someone transfers money between banks, they are usually charged a fee on the transfer made. It is usually a certain percentage of the value transferred. Many money transfer operators do not require any transfer fees. The only charges they require of their customers are a minute margin on top of the exchange rate when the money currency is converted and transferred to another bank.

Wise Maximum Money Transfer Alternatives

Banks and money transfer operators often put limits on the maximum amount of money one can send, and it can vary depending on the nature of the transfer taking place. Also, some banks might put an upper limit on their customer’s money transfers, and some might not.

Wise allows its customers to make domestic bank transfers of up to £25k per day. As for international transfers, customers can send up to £10k abroad each day. If someone needs to send a much bigger amount than these, they might have to visit a branch and request the bank to pause their limit for a short while.

Wise Minimum Money Transfer Alternatives

It is defined as the minimum amount of money one is allowed to transfer. The minimum amount of money an individual can send also depends on their bank or money transfer operator.

Wise does not have any minimum transfer limit so customers can send small sums of money with ease.

Wise Alternatives With faster Money Transfer Processor Times

A faster payment is meant to accelerate the money transfer process in the UK. Most often, a faster money transfer takes minutes, but can also take up to 2 hours.

Wise Fees & Exchange Rates

Various transfer platforms and banks often charge their users for every money transfer they make.

Exchange rates are how countries manage their own national currencies when in the foreign exchange market. When transferring money you will want to check how Wise and all Wise alternatives compare for the fees they charge.

Wise Transfer Fees

Whenever someone carries out a money transfer, their bank or money transfer operator charges them a certain fee. However, not all banks charge their customers. In fact, the only fees several money transfer operators charge their customers are a minimal margin on the exchange rate. This is often the only way for them to keep their businesses a float.

see how Wise alternatives compare for transfer fees below.

Wise Exchange Rate Margins

Exchange rate margins are how banks as well as other financial institutions make profits off of their services to their customers instead of charging them with commission fees. Financial institutions usually take the interbank rate and add a “margin rate” when quoting an exchange rate to a customer.

see how Wise alternatives compare for exchange rate margins below.

Wise Methods to Transfer Funds

There are different methods to transfer money, such as via the phone, online, or through a mobile app.

The different methods to transfer funds are Manual and Automatic EFT, Bill payment, and correction.

Wise allows users to transfer money using Bank transfer, debit card, credit card, SOFORT transfer

see how Wise alternatives compare for transfer fees below.

Wise Currency Alternatives

Wise may not offer specific currencies that you need access to or you would like to see Wise alternatives that offer the same currencies. Compare Wise and Wise alternatives for currencies supported when transferring money below.

CurrenciesAED, AUD, BGN, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, INR, JPY, MYR, NOK, NZD, PLN, RON, TRY, SEK, SGD, USD, ARS, BDT, BWP, CLP, CNY, COP, CRC, EGP, GEL, GHS, ILS, KES, KRW, LKR, MAD, MXN, NGN, NPR, PHP, PKR, RUB, THB, UAH, UGX, UYU, VND, XOF, ZAR, ZMWAED, BDT, BHD, BTN, HKD, IDR, ILS, INR, JOD, JPY, KWD, LKR, MYR, NPR, OMR, PHP, PKR, QAR, RUB, SGD, THB, TRY, TWD, VND, BAM, BGN, CHF, CZK, DKK, EUR, GBP, HRK, HUF, NOK, PLN, RON, RSD, SEK, BBD, CAD, CRC, DOP, GTQ, HNL, JMD, MXN, TTD, USD, XCD, AUD, FJD, NZD, TOP, WST, ETB, GHS, GMD, GNF, KES, MAD, MUR, MZN, RWF, SLL, TND, TZS, UGX, ZAR, ARS, BOB, CLP, COP, GYD, PEN, PYG, UYUALL, ARS, EUR, BSD, BDT, XOF, BOB, BRL, BGN, BIF, USD, XAF, CLP, CNY, COP, KMF, CRC, HRK, CZK, DOP, EGP, ETB, FJD, GMD, GHS, GTQ, GNF, GYD, HNL, HUF, INR, IDR, JMD, JPY, JOD, KES, MGA, MWK, MYR, MXN, MAD, NPR, NGN, PKR, PYG, PEN, PHP, PLN, RON, RUB, RWF, SLL, ZAR, KRW, LKR, TSZ, THB, TND, TRY, UGX, UYU, VND, ZMW

Wise Transfer Options

Transfer options are the ways through which banks, money transfer operators, or other financial institutions allow their customers to transfer money.

Wise offers its customers various transfer options, namely:

  • Wire Transfer
  • Money Order
  • Cashier’s Cheque
  • ACH (Automated Clearing House) payment
  • Balance transfer

see how Wise alternatives compare for transfer options offered below.

Single Payments

It is a term used to discern a one-off money amount from an allowance. To make a single payment, one may use just one credit or debit card and ultimately have a single invoice.

see how Wise alternatives compare for single payments below.

Regular Payments

A highly cost-efficient and straightforward way to transfer money to another bank. It works best for users who need to transfer money in divided amounts i.e. three, four, or five (much smaller) digit amounts, on a regular basis.

see how Wise alternatives compare for regular below.

Who Wise Services Are Available To

Wise makes its services available to more than 54 countries, offering services for 54 currencies. The more a money transfer operator expands itself global, the better is because it is then seen as more reliable.

see how Wise alternatives compare for service availability below.

Wise Country Restriction Alternatives

Some countries are under international sanctions and as a result you may have certain restrictions when trying to transfer money to certain countries. The rules of international banks local government policy mean money transfers may be restricted to and from certain countries.

Many international Banks have internal policies in terms of risk management, it is possible that there are certain limitations when trying to recieve or certain money to banned or restricted countries.

Wise does not operate in the following countries.

  • North Korea

Wise alternatives
Wise International Money Transfer Alternatives

An ‘International money transfer’ takes place when someone sends money from their account to another account in a different country.

When transferring money with Wise or a Wise alternative you should check the below when transferring money abroad:

  • Check the currency exchange rate.
  • Providing the recipient’s name, address, bank account number, BIC or SWIFT code, and their bank name.
  • The customer’s own payment information.
  • Confirming the details one last time just to be sure everything is correct.

The sender then receives a confirmation with all the details along with an additional confirmation with every new update.

Setting up your Wise money transfer is quick and simple with Wise modern online platform.

Transferring money internationally used to be a tedious process 10 years ago but advances in software and the internet have made transferring money a lot easier.

These days, you can send a money transfer with Wise or a Wise alternative with little effort.

Check your Wise alternative has easy-to-access and the ability to track and monitor the money transfer online.

Wise Minimum Money Transfer Alternatives

To save their customers from unnecessary hassle, several money transfer operators and banks do not set any minimum money transfer amounts. This way their customers can transfer small sums of money with ease.

see how Wise alternatives compare for minimum transfer amounts below.

Wise Maximum Money Transfer Alternatives

Several banks or money transfer operators, when contacted, let their customers increase their limits for a fixed amount of time. Other than that, some do not even have maximum transfer limits, for instance, Wise does not have a maximum transfer limit if the customer decides to pay via phone. However, there is a peak limit of £25k per transaction for transfers made online.

see how Wise alternatives compare for maximum transfer amounts below.

Wise Money Transfer Fees and Charges Alternatives

Banks or other financial institutions often charge customers for money transfers. There are other others that do not have any transfer fees, only (currency) conversion charges and a minute margin over the quoted exchange rate.

see how Wise alternatives compare for fees and charges below.

How Long Does It Take to Get a Wise Money Transfer

Money transfers do not necessarily take very long to take place. When a money transfer takes place between two accounts within the bank, it usually takes under twenty-four hours. For money transfers occurring overseas, it could possibly take up to five days for the beneficiary to receive the money. However, if someone uses a money transfer service, that usually takes as little as a few minutes.

see how Wise alternatives compare for money transfer time below.

Wise PLC Status Alternatives

Wise is not a publically listed company. Wise is a privately owned company.

Companies in association with the acronym PLC (public limited company) are known to offer their shares to the public. This earns them a reputable status as they are highly regulated and publicly monitored. Barclays is an example that is associated with said acronym.

see how Wise alternatives compare for PLC status below.

Wise alternatives
Wise Services and Availability

Wise Bill Payments Alternatives

It is a sort of money transmission when an agent receives and accepts money sent from a consumer for transmission to a vendor for payment on a consumer’s account. Said agent may or may not charge for this service.

see how Wise alternatives compare for bill payments below.

Wise Money Orders Alternatives

Money orders are a reliable form of payment for a certain amount that two parties may use as a mode of payment in return for a given service, or product. As an example, the UK Post Office charges from 50p to £12 50p for issuing money orders.

see how Wise alternatives compare for money orders below.

Wise Mobile Top Up Alternatives

A mobile top up is a method of money transfer (that is fast and reliable) through which a sender can send money from their bank, credit or debit card to their own or someone else's mobile money account. Mobile top up’s are a useful feature for customers as they do not have to leave the comfort of their homes to top up their mobile money accounts.

see how Wise alternatives compare for mobile top up below.

Wise Available Country Alternatives

Wise may not be available in your region check out some Wise alternatives which may be available in your country and locality.

Available CountriesAustria, Belgium, British Virgin Islands, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France (only Metropolitan), Germany, Greece, Hungary, Iceland, Italy, Ireland, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom, Gibraltar (British Overseas Territory) and the UK Crown Dependencies: Guernsey, Isle of Man, and Jersey, Singapore and Japan, Australia and New Zealand, Austria, Azerbaijan, Bahrain, Belgium, Bosnia and Herzegovina, Brazil, Bulgaria, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Dominican Republic , Estonia, Faroe Islands, Finland, France , French Guiana, French Polynesia, Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Singapore, Spain, Sweden, United Kingdom, United States

Wise Alternatives That Offer COVID-19 Help

Since the spread of the COVID-19 virus, many financial institutions have stepped in to offer relief to their customers, offering support for businesses and individuals alike.

Some money transfer operators and lenders offer COVID-19 financial assistance. This may be in many forms including payment holidays, reduced interest rates and more options to pay. Check with Wise and Wise alternatives directly to see what they are able to offer if you are adversely affected by COVID-19.

Wise Alternatives Aimed at Similar People

Money transfers are aimed at people who want to send money from their account to another person’s account as quickly and securely as possible.

There may be many reasons other you are looking for a money transfer service with a Wise alternative.

These reasons can include you need a currency option or region Wise is unable to offer, debt consolidation, medical bills, student debt, collection agency debt, wedding costs, holidays, home repairs and repaying friends and family.

Wise Mobile app Alternatives

You might want an alternative Wise mobile app if the other app provides services that Wise doesn’t provide. Some apps have different features and this is an important consideration if you plan to use your phone for the majority of your money transfers.

Wise Mobile App Alternatives

Mobile trading apps are highly convenient as they let users do the following:

  • They help save time as they are hassle-free.
    • They offer users a simple, secure and reliable way to transfer money from the comfort of their homes.
    • They help keep track of the transferred money.

    iOS and Android apps are very useful because they cover almost everything from utility bills, taxes, and school fees, to international transfers to and from friends and loved ones, of course. These allow users to not only transfer funds, but pay their bills, check their account balances, inspect their recent transactions, and even block their ATM cards when need be.

    see how Wise alternative mobile apps compare below.

    iOS Appyesyesyes
    Android Appyesyesyes

Best Wise Alternatives Reviews

If Wise isn’t quite what you are looking for you can check out some of the best Wise alternatives below.

Best Wise Alternatives In Detail

If you would like to see Wise compared agains some of the best Wise alternatives available right now you can do so by clicking on the links below.