Wise Money Transfer Review

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Jakub Krejci

Founder

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Jakub Krejci, the founder of P2P Empire, brings six years of expertise in navigating and investing across diverse P2P lending platforms. Drawing insights from over 50 interviews with industry CEOs and founders, Jakub offers a unique perspective in the peer-to-peer lending realm. Renowned for his high-quality reporting and regular updates, Jakub stands as a trusted authority for individuals navigating the dynamic P2P investment landscape.

Editorial Note: We earn a commission from partner links on P2P Empire. Commissions do not affect our editors' opinions or evaluations of products.

Disclaimer: Investing involves risk, and past performance does not guarantee future results. The content on this website is for informational purposes only and should not be considered investment advice. Market conditions and platform terms can change frequently. While we strive to keep our information accurate and up to date, we cannot guarantee its completeness or reliability at any given time. You are solely responsible for your investment decisions and for staying informed about any developments that may affect your portfolio. We do not accept any liability for actions taken based on the information provided here.

FAQ about Wise Money Transfer

Is Wise money transfer safe?

We have used the Wise money transfer service countless times without any issues. As long as you provide all the requested information during the money transfer procedure, your money should arrive at the recipient as expected.

Is Wise trustworthy?

Wise is a trustworthy money transfer service launched in the UK in 2022. The FCA regulates the company. Wise offers an honest and trustworthy financial service.

What are the problems with Wise?

Some users complain about frozen accounts due to the company's strict AML procedures. As the regulatory environment in Europe is evolving, Wise has to follow strict rules by regulators, which may result in additional checks, especially when you send unregular money transfers. It's recommended to provide any documentation required by Wise, to avoid unnecessary complications and payment delays.

Do you need the Wise app?

The money transfers service from Wise works with and without the Wise app. If you use Wise for the first time, we recommend using their Desktop version on the website as it's more user-friendly than typing the recipient's bank information on your phone.

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