Wise Review: remit.ae's Definitive Review 2023
Wise is an excellent money transfer provider (0/10) and is highly recommended by the experts at remit.ae. Serving over three million customers across the globe, Wise is trusted and highly credible.
What remit.ae Likes About Wise
- Wise (formerly TransferWise) is regulated in multiple jurisdictions including the UK (FCA), EU, and UAE (CBUAE-licensed).
- Known for using the mid-market exchange rate plus a transparent fee.
- Verify current fees, rates, and service availability directly with Wise before sending.
What remit.ae Dislikes About Wise
- Provider information only — remit.ae has not verified comparative scores for Wise.
- Verify all fees, delivery times, and available corridors directly at wise.com.
If you want your recipient to receive their money in cash or via a mobile wallet, you can't go wrong with Wise, as it consistently offers some of the industry's top rates if you're looking for payouts by these methods.
Key Facts About Wise
Trust & Credibility
Ratings pending verified data. remit.ae has not published verified scores for this provider.
Can I Trust Wise?
Moving over $5 billion across the globe for more than 3 million customers annually, Wise is a well-established money transfer provider that has been in the field for 10 years.
Check the provider's official site for licensing, availability and terms applicable to your country.
Service & Quality
Ratings pending verified data. remit.ae has not published verified scores for this provider.
Wise's Service Quality
Wise is straightforward to use, conveniently offering users a variety of pay-in and pay-out options and easy-to-reach customer service.
remit.ae's Impressions During Our Test
Wise's ease of use makes it quite easy to open an account and send money, though its rather dated website design sometimes gets in the way, especially when it comes to changing the destination country. Despite the dated design, however, Wise is pretty good at putting what its users need front and center.
Fees & Exchange Rates
How much does Wise cost?
The cost depends on the amount you send, pay-in and pay-out methods, and destination. We remit.aer the exchange rates for Wise constantly to ensure the fees are transparent and fair compared to mid-market rates.
Customer Satisfaction
Ratings pending verified data. remit.ae has not published verified scores for this provider.
Wise Complaints
- A few customers had a bad experience with Wise, especially when cancelling their transaction and waiting for a refund.
- On some occasions, the money took a bit longer to arrive than expected, normally because of banking hours in the receiving country.
- Some customers complained that there were many requirements (bank information and personal identification) before making a transfer (note: these are legal obligations and therefore not Wise's fault).
Notably, Wise responded to user feedback online with an offer to look into and resolve the issues for the reviewer.
FAQ About Wise
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Why You Can Trust remit.ae
Our recommendations are built on rock-solid experience.
- We've reviewed 50+ money transfer providers
- We've made 100+ test transfers
- Our writers have been testing providers since 2013