71–80 of 230 posts
I love transferwise, depend on it often. I don't get the rebrand, their old name was descriptive, easy to google, and from all perspectives really good. The rebrand won't change me using it, but I really can't see the positive in this.
I'm very happy with TransferWise' low fees, but their 'borderless' account is unfortunately no substitute for a real account in the native currency in a lot of cases.
I'm not sure whether their fees are really that low. For transfers between your own accounts, for anything over very small amounts, I found that their 0.35% variable fee is pretty large compared to adding the funds to a brokerage account and then doing the conversion there (ie. IB charges 0.002% on currency trades, with a min of $2), and transferring back out into the desired currency.
Don't get me wrong, I like IBKR and I do use it, but Transferwise is definitely more useful 90% of the time.
This feels like an incredibly ill-advised rebrand. Everyone I know of who uses TransferWise uses it rarely, like once per year. They won't be slowly eased into the new name. They'll try using the service again for the first time in a while, and everything will have changed to look like a phishing scam. And this is a service where that trust is critical, since the interaction model of the service is so odd. I'm transf…
I and most people in my circle of friends use Transferwise on a daily basis, multiple times a day. It has replaced our "traditional" bank cards. FWIW, I totally understand the bigger picture goals they describe in this post and I wish them every success.
Someone didn't do their trademark research. Out on the east coast US (like NYC metro) anyone hearing the name Wise isn't going to think 'transfer service', they are going to think potato chips: https://www.wisesnacks.com
Earlier quoted context omitted.
Where do you live? Bank wires are pretty expensive everywhere I've seen. (local bank transfers like ACH are free on TW too)
In the UK, EU and Australia - probably a few other places too - fees to transfer fund between do not exist (unless you are a business).
Earlier quoted context omitted.
In the UK, EU and Australia - probably a few other places too - fees to transfer fund between do not exist (unless you are a business).
There is no fee to send money from your TransferWise Borderless UK account to another UK bank account.
Can someone answer how TransferWise gets away without "reporting this information to HMRC or any other tax authority." aka dream for tax evaders (who get paid in foreign currency)?
In South Africa for example, they've been partnered with exchange4free (dodgy name but legit) but recently changed to Bidvest. If TW isn't reporting, these third parties are. You have to sign mandate forms once a year explicitly for reporting purposes.
I love transferwise, depend on it often. I don't get the rebrand, their old name was descriptive, easy to google, and from all perspectives really good. The rebrand won't change me using it, but I really can't see the positive in this.
I have no idea if I’ll remember the name change a year from now, and as anything related to international money transfer is already sketchy, a rebrand is likely to make me wary.
I love transferwise, depend on it often. I don't get the rebrand, their old name was descriptive, easy to google, and from all perspectives really good. The rebrand won't change me using it, but I really can't see the positive in this.
50/50 chance they pull a Quickster and undo the rebrand I reckon
MLM House of Cards sequel where only diamond level and above members can unlock the final episode?
I love transferwise, depend on it often. I don't get the rebrand, their old name was descriptive, easy to google, and from all perspectives really good. The rebrand won't change me using it, but I really can't see the positive in this.