Wise is a money transfer provider and not a bank so it does not pay interest on ordinary cash balances. Instead, customers who want to earn a return on cash held in their Wise account they need to activate Wise Assets, which invests their money into low-risk government money market funds managed by BlackRock. At […]
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Is Wise a Bank? Short answer: no, it is not. The company does not hold a UK banking licence and balances are not protected by the Financial Services Compensation Scheme (FSCS). Long answer: Wise is not a bank as it does not lend out customer deposits to third parties. It is primarily a low-cost international
Is Wise A Bank? No, But It Acts Like One Read More »
Is Wise good for business banking? Read our review to see if you should use Wise as a business bank account and compare alternatives. Richard BerryRichard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as
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When I was a currency broker I set up an offer that enabled customers to get an Amazon voucher worth up to 0.1% of the value of currency they converted and sent through Berry FX. It was by far the most popular way of getting new clients to convert from prospect to customer. I think
Wise Offers £75 Referral Bonus as Money Transfer Firms Compete on Rewards Read More »
Wise has secured final regulatory approval from the Central Bank of the United Arab Emirates (CBUAE), paving the way for the global money transfer company to launch its full suite of products in one of the world’s most internationally connected markets. Wise Money Transfers In The UAE The Central Bank has granted Wise two licences
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Money transfer platform Wise has introduced a way for users to get paid through sharing a QR code. The new Quick Pay option provides a unique link and QR code through which users can receive payments again and again, without needing to update or reshare it. The firm’s website noted: “Customers can use it to
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Money transfer and payments app Wise is increasing some of its charges and fees. The company prides itself on its low-cost approach to the conversion and transfer of foreign currencies. Despite that, it’s raising the fees associated with payment and conversions in Euros and Great British Pounds. When will the fees apply and how much is
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The online money transfer platform, Wise, has revealed a fresh green brand identity with new logos, website, app layouts, fonts and colour schemes. Wise has completely updated the look, feel and messaging of its branding The new look is described by Wise as being bold and clean in shades of green, and one where international
Yet another re-brand and logo for Wise (formally Transferwise) Read More »
Wise the online currency transfer app and investing platform published a trading update this week. What information did the trading update contain? The trading update was for the third quarter in financial year 2022 during which time the business reached several significant milestones, including 4.0 million customers completing cross border transfers, in a single quarter
Wise Q3 2022 trading update – great news for customers, but what about the shareholders? Read More »
Online money transfer and investment group Wise has learnt a hard lesson about life as a public company this week, as leading US bank published research on the stock. What happened? US Investment bank Citi, downgraded Wise on Monday citing excessive long term growth expectations in the stock, as the reason for the markdown. Citi
Wise walks into a downgrade Read More »