Transferwise is a company that specialises in peer-to-peer money transfer services. Since 2011, they have helped thousands of people make safe money transfers between different countries or make a payment in another country using bank exchange rates. Tranferwise were founded in opposition to the high added fees banks apply to sending money abroad. Whilst displaying what seems like fair rates banks often add a markup, resulting in extra costs for the suprised customer. Transferwise does things differently, displaying its fees from the outset. Customers get the actual exchange rate, using the mid-market rate set by Reuters. Throughout the process there is complete transparency, track your money exchange on the Transferwise app or website. Banks can charge up to 5% extra in fess, Transferwise works out approximately 8 times cheaper. A wide range of currencies can be exchanged, check their website for full details and you can compare how much you'll save for choosing Transferwise over the banks. If you'd like to save even more when sending your money abroad scroll down and find a Transferwise promo code.