Send Money to the UK | Money Transfer to the UK - Wise, formerly TransferWise (2024)

FAQs

How to send money from usa to UK Wise? ›

Once you're all set up and have finished the verification process, you can activate your Wise account and begin holding a balance in dozens of currencies — sending your money all over the world. Or just inside the US.

One important thing to note is that Wise is not a bank, and as such is not part of the FSCS (Financial Services Compensation Scheme).

Bank transfers are usually the cheapest option when it comes to funding your international money transfer with Wise. Bank transfers can be slower than debit or credit cards, but they usually give you the best value for your money.

To send money from the US to the UK, you can use a bank or a money transfer company. It normally takes 2-4 working days for your money to arrive. Money transfer companies are normally a cheaper and more efficient option. Some money transfer companies also offer guidance on exchange rates and timing.

Can I send money through Zelle internationally? Zelle is only available for customers with a US bank account and US registered mobile number. That means it's not an option for sending international payments to friends and family overseas.

The good news is that Wise is safe to use, whether you want to send or receive a payment, spend internationally, convert currencies or hold a balance. As a financial service provider, Wise is covered by regulations around the world which are designed to keep customers and their money safe.

And remember, there are alternatives to a bank account for managing your money in the UK or internationally. Consider checking out the Wise account which allows you to send and receive money in over 40 currencies (including in GBP). You can also get a Wise card to spend like a local once you arrive in the UK.

Wise PLC, previously known as TransferWise, is a financial technology company focused on simplifying global money transfers. Headquartered in London, it was founded by Kristo Käärmann and Taavet Hinrikus in January 2011. As of 2023, it offers three main products: Wise Account, Wise Business, and Wise Platform.

Which bank does Wise use in the USA? ›

Wise customers with USD and SGD bank accounts may choose to link their bank account to Wise, to make it convenient to make transfers. In the US you can make ACH transfers by connecting a bank account to Wise — and in Singapore, payments are processed through the eGIRO system².

You don't have to link your bank account to TransferWise (unless you're sending from Canada or the US). Depending on the country you're sending from, you might have other payment options.

It's free to create a Wise account, and there are never any monthly fees or minimum balances to worry about. For businesses, it costs a small one-time setup fee of 3,000 JPY to get your own international bank details, which you can use to receive money for free.

Customers are required to disclose and pay any necessary taxes associated with transfers made through our systems, or on cash received into their Wise Account. The triggering of a tax liability and/or reporting obligation will depend on your tax residency, the nature of the income, and potentially the amount.

No, you can't use Zelle to send money to the UK, as Zelle is available only in the US. The payment app only allows you to send money from one US bank account to another, meaning both the sender and the recipient must have US bank accounts.

To receive USD from outside the US, use your Global – Swift details that you can see under your USD balance. Your USD account details can only receive USD. To receive other currencies, you can get account details in another currency, or ask your sender to sign up with Wise.

Get paid and go, with your Wise account.

Receive money from friends and family in the USA, convert it in your Wise account and spend in Malaysia. Wise converts at the mid-market rate with no hidden fees.