What's the wise Bank

Wise Bank (Wise)

Wise Bank (Wise) is considered one of the most prominent digital financial institutions in the world. It is well known for providing innovative solutions for international money transfers and online banking services. Wise was founded in 2011 in the United Kingdom (previously known as TransferWise), with the main goal of making cross-border financial transactions faster, cheaper, and more transparent.

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Wise is based on a simple yet effective idea: enabling individuals and businesses to send and receive money in different currencies at real exchange rates, without the hidden fees often charged by traditional banks. For this reason, it has become a preferred option for students, travelers, business owners, and remote workers who deal with multiple countries and currencies.

Wise offers a multi-currency account that allows users to hold money in more than 50 currencies and send or spend it easily. It also provides a debit card (Wise Card) that can be used in stores or online across the world, with automatic currency conversion at the best available rate. In addition, Wise offers local bank account details in several countries, such as the United States, the United Kingdom, and Europe, making it easier to receive money as if the user had a local bank account in those countries.

One of Wise’s most important features is transparency. It clearly shows fees before completing any transfer and uses the real exchange rate traded in global markets. This approach has strengthened the trust of millions of users worldwide and contributed to the company’s rapid growth and wide adoption.