If you have a business and need to pay international invoices, then let me share with you the cheapest and easiest way to send money overseas. After running a business for many years, I’ve used financial banks and tools such as OFX, SendPayments and now we are using WISE since they are the cheapest.
If you sign up using this referral link you will get a fee-free transfer up to $1,000 so don’t miss out.
With WISE you can save around $20-$80 per transaction since their rates are lower than most banks and also their fees are much lower. For example, we paid a fee of AUD $10.07 for a transaction of AUD $1611.23 with an exchange rate of 1 AUD = 10,723.00 IDR. Compared to OFX we would have had to pay $40 since their fee was $15 and their conversation rates were not as good but this constantly changes so much such you compare the two. We have also used OFX in the past so we always try to compare to see who has the cheapest rates and fees.
With WISE, you can also send personal transactions instead of business transactions and you will find that it is also cheaper. In fact, you can also transfer money into your WISE account when the rates are good and use it for future transactions. So always make sure you shop around to see who has the cheapest rates and fees before paying international bills. I hope this helps and I hope you’re also saving money.
