Transferring Money From Overseas is Easier Using the TransferWise App
For those who work or travel abroad, sometimes there is a need in the country that requires transferring a certain amount of money. Actually, there are many ways to transfer money from abroad, namely paypal, foreign exchange bank accounts or western union which are the most commonly used. But the problem is the high exchange rate and fees make it a little bit hesitant to use this service. The solution could be to use TransferWise.
What is TransferWise?
Application to receive or send money from all over the world. TransferWise is linked to 28 different currencies with the advantage of ‘real exchange rates’. Of course this helps expats, international students, businesses, freelancers and people living abroad to send, receive and spend their money. TransferWise is safe, convenient and of course very low cost.
TransferWise Benefits
Overseas Transfer – Apart from getting a ‘real exchange rate’, TransferWise fees are 8x cheaper than banks
Free Multi-currency accounts – Get an account that is useful for holding or managing your money in various types of currencies and can be exchanged at the right rate.
Shopping Abroad – This will make you stress free. You can shop worldwide using the TransferWise debit mastercard, with no additional bank fees or hidden fees.
Trusted – You can check reviews or comments from Google or Facebook, on average there are no complaints and they are happy to use the services of TransferWise.
Use TransferWise For:
– Sending money to family members abroad
– Send money to friends
– Pay bills overseas
– Paying dependents or loans abroad
– Store and manage your money in more than 40 currencies
– Get paid in multiple currencies (AUD, GBP, EUR, USD) free of charge
– Spend your money worldwide using TransferWise card
Remittance from:
EUR (Euro), USD (US Dollar), GBP (British Pound), AUD (Australian Dollar), BGN (Bulgarian Lev), BRL (Brazilian Real), CAD (Canadian Dollar), CHF (Swiss Franc), DKK (Danish Krone), HRK (Croatian Kuna), CZK (Czech Koruna), HKD (Hongkong Dollar), JPY (Japanese Yen), HUF (Hungarian Forint), NOK (Norwegian Krone), NZD (New Zealand Dollar), PLN (Polish Zloty ), RON (New Romanian Leu), SEK (Swedish Krona), SGD (Singapore Dollar)
Remittance to:
EUR (Euro), USD (US Dollar), GBP (British Pound), AED (UAE Dirham), AUD (Australian Dollar), BDT (Bangladeshi Taka), BGN (Bulgarian Lev), BRL (Brazilian Real), GEL (Georgian Lari), CAD (Cannadian Dollar), CHF (Swiss Franc), CLP (Chilean Peso), CNY (Chinese Yuan), CZK (Czech Koruna), DKK (Danish Krone), EGP (Egyptian Pound), HKD (Hongkong Dollar) , HUF (Hungarian Forint), HRK (Croatian Kuna), KRW (South Korean Won), INR (Indian Rupee), IDR (Indonesian Rupiah), ILS (Israeli Shekel), KES (Kenyan Shilling), LKR (Sri Lankan Rupee) , MAD (Moroccan Dirham), MXN (Mexican Peso), MYR (Malaysian Ringgit), PEN (Peruvian Nuevo Sol), NGN (Nigerian Naira), NOK (Norwegian Krone), NZD (New Zealand Dollar), PHP (Philippine Peso) , PKR (Pakistani Rupee), PLN (Polish Zloty), RON (Romanian Leu), RUB (Russian Rouble), SEK (Swedish Krona), THB (Thai Baht), TRY (Turkish Lira), SGD (Singapore Dollar), UAH (Ukrainian Hryvnia), ZAR (South African Rand), VND (Vietnamese Dong), JPY (Japan Yen)
How to Register TransferWise
1. Visit the website www.transferwise.com or download the app from Google Play Store / Apps Store
2. Select Sign up, enter your personal data according to the identity of your KTP/SIM/Passport
3. Upload one of the identities such as KTP/SIM/Passport for data verification. Once uploaded, the team from TransferWise will verify it manually. This verification process takes about 6 hours.
4. Once valid, fill in your personal data, then fill in your data and bank number in Indonesia
5. The validation process will match your identity with the personal data entered in TransferWise, then TransferWise will ask you to upload your bank statement or proof of your home address.
6. The TransferWise team will send a ‘confirmed’ email notification and get a TransferWise borderless account.
7. The borderless account is active and can access up to 4 currencies – EUR (Euro), AUD (Australian Dollar), GBP (British Pound) and USD (US Dollar). You can now receive or send money with a TransferWise borderless account.
To receive money abroad via TransferWise is also quite easy, just give the sender NAME, IBAN and BANK CODE, wait about 2 days then the money will enter your TransferWise borderless account accompanied by an email notification. You can choose to cash out right away or wait for the best rate.
For the transfer process from a borderless TransferWise account to a local bank account in Indonesia, the process is almost the same, it’s just that the process takes about 3 days.
Hopefully you will be helped with information on money transfers from abroad using the TransferWise application. May be useful.
