Cómo utilizar Wise para ahorrar en transferencias y pagos

Now that you know about Wise and how it’s revolutionizing the international financial market, it’s time to dive into the details and discover how to get the most out of this tool.

In this post, we’ll explore Wise’s practical features and why it might be the best choice for those seeking savings and transparency in international transactions.

How Does Wise’s Transfer System Work?

The main reason Wise can offer low fees and real exchange rates is its smart approach to transfers. When you send money to another country, it’s not sent directly.

Instead, Wise uses a network of local accounts. For example, if you’re sending euros to Brazil, the euros are deposited into Wise’s local account in Europe.

Simultaneously, the equivalent amount in Brazilian reais is sent to the recipient from Wise’s local account in Brazil.

This system eliminates the need to move money across borders, reducing costs associated with intermediary banks.

As a result, you pay less and receive an accurate estimate of how much the recipient will get – no unpleasant surprises.

Advantages of the Wise Card

If you frequently travel or shop in foreign currencies, the Wise Card could be your best ally. It works like a debit card and is linked to your multi-currency account with Wise.

This means you can store, convert, and spend money in over 40 different currencies, all at the real exchange rate.

Some practical benefits of the card include:

• Automatic Conversions: When making a purchase in another currency, the conversion is done instantly at the market rate.
• Full Control via the App: Track expenses in real-time, lock or unlock the card, and manage balances in different currencies directly from the app.
• International Withdrawals: Withdraw cash from ATMs worldwide, with generous monthly limits before any additional fees apply.

Multi-Currency Account: How Does It Work?

Wise’s multi-currency account is perfect for those who work or receive money from abroad. It allows you to store and manage balances in up to 50 different currencies.

Additionally, you can receive local payments as if you had bank accounts in other countries. For example:

• European IBAN: To receive payments in euros.
• US Bank Account: For payments in US dollars.
• Bank Details in Other Countries: Such as the UK, Australia, and New Zealand.

With this, you avoid unnecessary conversions and save even more.

Security and Reliability

Wise is regulated by major financial authorities worldwide, such as the Financial Conduct Authority (FCA) in the UK.

This ensures that all your transactions are secure and your data is protected. Additionally, transparency is a priority for the company: every cent charged is detailed, and you know exactly where your money is going.

How to Get Started?

Using Wise is simple. Just create a free account, add the amount you want to transfer or spend, and choose your payment method.

In just a few clicks, your transfer will be on its way, or your card will be ready to use.