On: TransferWise changes name to Wise

[aikinai]

Honest question, what do you do with it multiple times a day? You use it as your regular bank and a debit card or something?

[fookyong → aikinai]

I use it for everything from:

- daily spending on goods and services - electronic transfers to ewallets* - any time someone needs to send me money, I use transferwise virtual account details so from their end it seems like a domestic transfer - I even bought a motorcycle using Transferwise to do a local bank transfer. Tried it with my regular (foreign) bank first and it failed, tried it with Transferwise and it worked fine.

*my traditional bank doesn't support this. They only know how to deposit to a domestic ewallet, Transferwise can do deposits in ewallets internationally

[ayewo → fookyong]

I think how easy it is to use their service, heavily depends on where you are based.

Not all products are available in the markets TW is present in.

[doctorfoo → aikinai]

I use it as my primary spending debit card. I travel a lot, use it in random ATMs and I keep it topped up just enough that I wouldn't be devastated if the account contents were stolen. Also use the money transfer side monthly to pay rent in a foreign country.

[pmfgpmfg → doctorfoo]

I used to use TW for rent as well, the fees crept up over the years, and I realized that Revolut is the way to go here. TW has become uncompetitive

[nly → pmfgpmfg]

Unless I'm mistaken TransferWise provide Revolut with forex on the backend, so enjoy it while it lasts

[KptMarchewa → nly]

You are.

[benhurmarcel → pmfgpmfg]

Revolut just raised their fees, FYI