Wise: discover the benefits of the platform that is transforming international transfers

In an increasingly connected world, where borders are overcome by clicks and life happens between countries, finding a simple, safe and economical way to send money abroad has become essential.

That's where the Wise, a platform that has arrived to transform the way we handle international transfers.

If you are a Brazilian living in the United States, or have family in another country, this article is for you.

What is Wise?

THE Wise, formerly known as TransferWise, is a financial platform created with a clear purpose: make international money transfers fairer and more transparent.

Founded in 2011, the company emerged with the promise of eliminating abusive fees and unfavorable exchange rates practiced by traditional banks.

And it succeeded: today, Wise serves more than 16 million customers worldwide and moves billions of dollars every month.

With it, it is possible send, receive, convert and even save money in multiple currencies, quickly, practically and at a real rate, without any tricks.

Main benefits of Wise

Now let's get to the point: what are the real benefits of using WiseWhy have so many people chosen this platform as an alternative to traditional banks?

1. Real exchange rate, no hidden margin

This is, without a doubt, Wise's biggest differentiator: it uses the commercial exchange rate (or mid-market exchange rate), the same as what appears on Google, without adding a margin on top.

While banks and brokers add up to 5% of “spread” (difference between the official exchange rate and what they charge), Wise shows the real value and charges only a transparent service fee, which is usually much smaller than any other institution.

2. Low and transparent fees

When simulating a transfer, Wise shows you exactly how much you'll pay in fees, how much the person will receive, and how long it will take.

No “hidden costs” or “conversion surprises”.

Additionally, many transfers are finalized in minutes or a few hours, depending on the destination country and payment method.

3. Multi-currency account

With Wise, you can open a digital account in several currencies at the same time, such as dollars, euros, pounds, reais, among others. This means you can:

• Receive money as if you had a local bank account;
• Convert values within the platform with real exchange rate;
• Save money in different currencies;
• Avoid unnecessary conversions and intermediary bank fees.

For Brazilians in the US, for example, this makes life much easier: you can receive in dollars and transfer in reais with agility and total control.

4. International debit card

Wise also offers a international debit card, which can be used in more than 200 countries, both in physical stores and online.

It connects to your multi-currency account and automatically converts currencies at the best possible rate.

It's ideal for those who travel a lot, work remotely, or shop on international websites.

And the best part: you don’t need to “load” the card with a specific currency.

It uses the currency available in your account intelligently.

5. Digital 100% Experience

Everything is done online: opening an account, sending money, converting currencies, requesting a card.

The Wise app is simple, intuitive, and fully translated into Portuguese.

You receive real-time notifications, access your transaction history, set up exchange rate alerts, and have clear control over your money.

No queues, paperwork or bureaucracy.

6. Security and reliability

Wise is regulated by reputable financial agencies in several countries, such as the FCA in the UK and FinCEN in the US.

This means it follows strict consumer protection, anti-money laundering, and cybersecurity rules.

Additionally, the company keeps customers' money in separate accounts, protecting funds even in the event of a financial crisis.

7. Access for those without a Social Security Number (SSN)

Many people just starting out in the US don't yet have an SSN, which can make it difficult to access financial services.

Wise allows you to open an account using the passport or other valid document, which facilitates use by immigrants and Brazilians in transition.

8. Integration with businesses and freelancers

If you work as a freelancer, entrepreneur, or self-employed and receive payments from outside the company, Wise is also an incredible ally.

You can generate invoices in other currencies, receive them in dollars, convert them, and use the money however you want.

Additionally, many international platforms (such as Upwork, Fiverr, and Amazon) allow you to receive payments directly from your Wise account.

Who is Wise ideal for?

Wise is recommended for anyone who needs to manage more than one currency. Here are some profiles that benefit greatly from the platform:

• Brazilians living or working abroad;
• Who frequently sends money to family in Brazil;
• Freelance professionals or digital entrepreneurs;
• International students;
• Frequent travelers;
• Investors and buyers on international websites.

Conclusion: is Wise really advantageous?

Yes! Wise has established itself as one of the smartest, most transparent, and cost-effective platforms for international transfers.

With real exchange rates, fair rates, an intuitive app, and support in Portuguese, it's a much more interesting option than traditional banks for those living between two (or more) countries.

If you are looking for practicality, savings and total control over your money, Wise could be your next great financial ally.

---

Source of information: wise.com/