TransferWise

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An e-commerce business allowing payments and money transfers to be made from through the Internet.

TransferWise can send from either GBP funds (from U.K. bank account) or EUR funds (from a E.U. bank account) to one any of the supported destination currencies and will perform the currency conversion at mid-market rates.

Currency directions[1]:

  • British sterling pound (GBP). To Bank accounts in the UK from E.U. (EUR) bank transfers.
  • Euro (EUR). To E.U. region banks from UK (GPB) bank transfers
  • Polish zloty (PLN). To banks in Poland from UK (GBP) and E.U. (EUR) bank transfers
  • Swiss Franc (CHF). To banks in Switzerland from UK (GBP) and E.U. (EUR) bank transfers.

The service is available for sending from an individual account or from a business account.

This ability to send directly to the recipient's bank will likely make TransferWise a preferred method that will allow those in the U.K. or E.U region to send funds when purchasing bitcoins through a person-to-person marketplace, such as the Bitcoin-otc marketplace.

The service was launched in early 2011.

Fees

There is a 1 GBP fee per transfer.

See Also

External Links

References