Transfer money internationally using WISE 💸 easy way to send money overseas
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- Опубліковано 21 жов 2024
- I found an easy, cheap, and fast (unbelievable?) way to send money overseas, from other countries to Canada or the USA or from Canada to other countries. #wise #internationaltransfer #livingincanada
I used to transfer money via bank wire transfer, but it wasn’t only expensive and took long, but it was also a hassle going to the branch just to transfer a small amount of money. In this video I’ll walk you through step by step how you can use WISE to save money and make your life easier.
Share with me your thoughts and comments about this in the comments section!
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From my experience, I found that sending money via wise costs less than doing a wire transfer through the bank. But check for yourself and do your comparison! If you used Wise, tell me what you think of it!
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Maaf kak apakah transaksinya aman dan bisa memakai dari debit kita?
the charge for this service is roughly 15% of the cost of a wire transfer i just researched. i'm glad i did not do the wire.
Yup, wire transfers can be super expensive. Especially for smaller sums it's not worth it.
It's true, Wise is very useful and very efficient. I recommend it.
Good to know you also found it useful!
Educational and informative , thank you for sharing it with us
You're welcome, glad if this helped!
Very useful! Thanks!
You're welcome!
Is it possible to do the payment from your bank account remotely (using mobile or online banking)? Because I also can't use card.
Thank you so much for the video, it's very helpful ❤
Fantastic information. Thank you.
You're welcome!
Thanks for the video. Do you need to have a cellular phone number to confirm anything or receive any codes via sms with Wise since many Canadian phone numbers don't work outside Canada ?
Very helpful. Thank you.
You're welcome!
Great video. I often send money to my bank account in Canada from my bank here in Japan. But now I want to reverse it and send money from my TD bank to Wise (and then my bank account). I don't know how to do that....
Thanks! Using wise, it works exactly the same way, you just need to reverse the currencies, so CAD to JPY, then Wise will instruct you how to pay for the transfer!
Yes many people are not taking their money out of Canada since they are leaving the country permanently.
Does your bank in Canada charged for receiving the transfer? Is it technically a domestic transfer or international for the recipient bank? Thanks!
Usually yes.
Yes I'm using wise to send money back home
Very useful to me . Thnk you
Have you set up your Wise account in Canada? I have just set it up but can't link my oversees account. I can only link US or Uk accounts.
Mam , i am tamil , i understand little bit from your video , can you say me how much days to complete money transfer (include deposit time also )?
What if you can't open a bank account in the country you are in abroad e.g. (Thailand) to receive your money from your home country e.g.(Canada) account because you are a tourist ...how would I then get my money from my personal bank account back home in Canada to Thailand then?
Thank you.
Hi, hope you're well.
Would you be able to connect 2 bank accounts under different passports but with the same name?
I have a bank in US with my US passport and a bank in Armenia with my Russian passport.
Good information
Thank you,happy to hear!
at what point did you add your Indonesian account?
If I send money from wise app from India to Canada and after paying the charges while sending. Will the recipient have to pay some fee too while receiving or using money or not?
Usually not, but to be sure better ask Wise.
can you make a next video of receiveing money from wise to your local bank account without using swift
I don't need swift to transfer to my account. Are you referring to my Canadian account?
Is there any tax on sending money from canada to another country?
Can I also use Wise to transfer from Philippines to Canada?
Really helpful video. I want to make a transfer from my US bank account to my Indonesian bank account. A few questions:
- Is there a limit on how much we can transfer?
- Is the entire transfer process done remotely? (I live in Indonesia now)
- Might there be any legal repercussion using this intermediary vs wire transfer or ACH?
This video has been really helpful as apparently I’ve found it quite hard to transfer internationally.
I have a Bank of America account and their limit for wire transfer is $1,000 per day with $45 fee.
Thanks! Yes, the transfer process is done remotely. I can't really answer the other questions. Cheers!
Why i just saw this video. It took me 4 days comingback and forth to my bank for transfering money to Norway.
That's on the longer side! My transfers usually go through within 1-2 days.
I’ve already sent my money to wise but it shows we are still waiting for your money. Why it’s taking so much time. I even mail wise and got to know they haven’t received my money yet. It’s been two days already
You might want to check with the bank you sent the money to and see if they received it. When I did transfer, usually I would get a confirmation within less than a few hours.
Hello. What is the benefit of manually transferring funds from your bank account as opposed to having Wise do it for you?
It's super fast (my transfers usually arrive the next day) and it's cheaper I believe. It works different from wire transfers at banks where the money actually crosses borders. Wise works a bit differently. They have an account in each of the countries they serve. So if I transfer money from another country to Canada, what I actually do is transfer money from my local account in that country to Wise's local account there. Once wise registers that, they will transfer the money from their account in Canada to my account in Canada. That's how I believe it works and makes the speed possible.
@@LivinginCanada匯款到大陸需要繳稅嗎？😢
Can you tell me how big amount (maximum) can we transfer?
I don't know the limit, as far as I know it's subject to foreign exchange rules of each country.
Hi ,how long does a wise card take to be delivered in Canada?
I'm not aware of a wise card.
Money receiver need of install wise application to receive money?...even i sent money to receiver bank account.... please help me
No they don't need to install anything. They just need to be the owner of the destination account. Hope this helps!
thank you
Welcome!
i signed up for wise after watching your video only to find out that there is no option to transfer fund from philippines to canada (PHP to CAD).
If I'm not mistaken you can request WISE to add currencies.
can you send money from one country without having a wise account to another country to receive money with a wise account and still get discounts?
The sender needs a wise account to use wise, but the recipient doesn't necessarily have to have one.
i try study english in canada since 2011.but i cant becuse in my country no bank transfer...can i use it for pay to college in canada ?thank
It depends, you'll have to check on wise if they have the service in your country.
Wise stopped letting new user in my country to create US bank account. Do you have an alternative cheaper way to withdraw from paypal and transferring it to my local bank account?
What country ?
@@MrDj-rl2ef Philippines
Where do you upload your proof of payment from the bank?
I don't upload the proof of payment, Wise automatically figures out when the funds arrive in their account. Then they process the payment to our designated account.
Hi, filipino im currently here in Kuwait, is it possible i can transfer money to algeria.?
You can if the countries are covered under wise. For that I'd suggest check on the wise website.
Can you use credit card I'm gonna have to send money to someone with credit card soon? Their in India or Australia their legit to not a scam
I don't know if that's possible. How could try it and see if there's such a payment option.
@@LivinginCanada are they deff legit like real? Don't want to send 1000 if their not
can we send money overseas using credit card?
If I am overseas and sending money to myself to use overseas and I don't have a bank account in the foreign country, how can I pick it up in cash?
I'm assuming you want to transfer money from overseas to Canada. As far as I know you would need to open a Canadian bank account. Why not do that once you arrive here, and then process the transaction (you can do that as long as you can access your overseas online banking from Canada). Alternatively, you could send it to a family member/relative here, but you would need to include that information in the transfer.
@@LivinginCanada it seems unnecessary bother to open a bank account to send myself a bit of cash. Isn't there a better way?
Interesting, but to tell you the truth I wonder why you don't use HSBC, HSBC Transfer are free and instant. All you would need is an HSBC ID an CA account.
Right, that's a good option too. I don't have HSBC right now, I had an account there in the past.
@Living in Canada I guess it all depends on HSBC fees in Canada. In the UK and in Indonesia you can open accounts without service fees. I leave in Euro zone, and I checked the conversion fees from € to IDR, with Wise and HSBC mobile apps. For the same amount of € , I get more IDR if using HSBC.
why don't u use crypto, to send and receive money?
I don't only hold crypto but also have money in savings.
Great video question it can be send to the Caribbean as well
I'm actually not sure. You can check it out here wise.com/
It says that you can also request currencies that they don't have yet!
Hi mam paano po pala pag nag padala ung kapatid ko canada to uae paano po mam..
Sorry, I don't speak... is it 'tagalog'
Is there a limit on how much you can send?
I believe the limitation depends on your bank and the countries foreign exchange rules.
Hello how long will i wait my refund on wise?? 😅
I have no idea, I do not represent Wise. I suggest you contact their customer service.
24h
Can millions of dollar be sent to other bank once
If you mean overseas, then it depends on the foreign exchange control (rules) of the country.
Usually no. The app may block you.
Thanks for this's vedio can me send money einterac to wise
mbak gimana cara biar bisa tinggal di kanada? pakai visa turis terus buat izin tinggal bisakah?
Hi, salam kenal! No, definitely jangan datang dengan visa turis with the intention untuk tinggal seterusnya. I would recommend following the standard routes, e.g. coming here as worker or as student, as many people do. All the best!
Great info , but way to fast to be truley helpful ! Thank you ...
The talking was too fast? Oh no... if it helps, please play it at 0.5x, it will sound a bit weird though. Thanks!
@@LivinginCanada Thank you for your work ! Enjoy ....
Is it possible to send money to a different recipient using WISE? Like paying someone to the US from the Philippines?
Yes, you can send money to other people as well. As long as the account you're using to pay for the transaction (/send the money) is under your own name. Hope that helps!
@@LivinginCanada Sadly PH peso is not on the list of currencies for sending money in the US😌
So I can pay school fees through this WISE app?
I can't see why not, but I would recommend to coordinate that with your school.
Oh thanks…
kak gimana caranya bisa menerima e transfer pake wise bisa ?
The money from wise goes into a bank account, and you need to do the transfer on wise's website/app.
@@LivinginCanada jadi case nya gini kak, ada orang yang mau transfer pakai e-transfer tapi aku arahkan ke rekening cross border canada yg dari wise gitu bisa gak yaa kak ?
Mostly helpful, but you talk too fast. It would be much easier to understand if you slow down. Also, why are the pauses between sentences so short? That also makes it hard to understand.
Thank you! Good to know that, something to consider for future videos.
You can press the settings button in the top right of the video and change the speed to .75 or .5
Wise is a dumpster, do not advertise that please
Why do you say that?