As others have said, there is time.. unless you have a terminal illness or are very advanced in years there is no reason why you can’t improve your financial situation. There is never a bad time to start, ironically the middle of a pandemic may be a great time to get started
I have used TransferWise for small amounts from the US to Thailand. Excellent rate fee and exchange rate as well. Unfortunately they are not able to transfer funds the opposite way...from Thai Baht to US Dollars. Just be aware of these limitations. Banks in Thailand can easily do the transfer but clip you on the exchange rates and then change you a fee based on the total amount of US funds that you are transferring.
Hi Rob, I'm planning to use wise to transfer send some money from US to Thailand, do you still think it's a good option and the best option to wire fund? Thanks
I am surprised to read of your experience here. While Japan and Serbia might be different, my understanding is that greatly touristed countries such as Thailand offer better rates exchanging cash at exchange booths *at the destination*, specifically at non-bank 'SuperRich' in Bangkok. I am talking for under $1000 anyway.
I didn't have much luck with TW. To me, a bank should be very much like a utility company. It's got to work all the time, every time. When I flick the switch I expect the lights to come on. When I turn the heat on I expect it to work. When I send funds from my USD account to my GBP account I expect them to arrive. TW randomly blocks transfers without any explanation or notice and takes forever to return the funds. Yes they have great rates and you can save 2% on the exchange but you're risking 100% of the capital if they block the funds and take ages to return them.
I use Transferwise to hold my funds that I will be using for vacation in Philippines and wherever I may be passing through to get there. It's only my opinion but I think it's a great place to save the funds you know you'll have an idea you will be spending in that country for vacation. Example I usually go to Hong Kong first, then Philippines. While on my layover I can use their debit card in Hong Kong dollars and not worry about my own bank declining my regular card because I would forget to tell my bank and my card won't work. That's my thoughts.
Be aware that Wise can deactivate and close your account without notice and without clarifications, but the worst thing, that they will not refund what you have in your account, it happen to me with more than $2k in my account. The CS is not helpful at all, they keep responding to my emails with the some generic answer. The other bad thing about Wise, if someone send you a transfer while your account is deactivated, it will not be rejected as they always say in their rules, it will be accepted and added to the funds that you can't be refunded. Think twice Before Using Wise and similar fintech, make your research, thousands of people get their saving locked in Wise and never refunded.
That’s why Wise is more suitable for overseas travelers, with a Wise Travel Card linked to their Wise account, to make cashless small payments at Point of Sale terminals and to withdraw local currencies at ATMs. And the balance amount in the account should be kept low in case the company goes bankrupt or freezes your account. In other words, use Wise as a tool for convenience while traveling and nothing else.
Chase bank in the US is good for Private client customers , they charge no wire fee .Icelandic banks charge about 6 USD equivalent to either receive a wire or send one.
In short words it solved my bigger problem for sending funds to my US Brokerage, Before this I tried hard to open Offshore Bank Account and went to complex and saw big maintenance charges. It's Quick and best way in my opinion and I opened Personal Account.
Transfer wise will take over Revolut an N24 by far in terms of market capitalization. Thank you Andrew for talking about transferring currencies between countries. 😊🙏
I just sent money from HK to Thailand, exchanging HKD to THB. When I enter the amount of THB I bought into an online exchange rate, i.e., where they show the middle point between the spread, it was EXACTLY what Transferwise charged me in HKD. Add to that a transparent fee that is around .8%. Not bad for two currencies that trade against each other in modest volumes. By comparison, my HK bank currently has about a 7.5% "we buy/ we sell" spread AND I would've paid wire fees on both ends. Between the spread and the fees, I could've easily been out US$100, and instead I'm out US$5 thanks to Transferwise.
I have used them for years. Results vary, from super fast (3 minutes) international, to blocking a same currency 3rd party deposit. Did they let me or the depositor know? Nope. They would only allow the deposit through with the full legal name and dob of the depositor. It was a private sale and he got spooked, understandably. It took a further 3 weeks and a different bank to close the deal.
Send a very small Euro transaction to my account with them about a year ago from one of my exchange accounts (which uses a german bank as third party to make these possible) Transferwise refused it because they had a policy to not take transactions from any place involved with crypto. The perfectly legal transaction went back to the 3rd party with which I had no account etc so I basically lost the money. First and last time I used them.
Pretty stupid of this person. First read the TransferWise policy and procedures, then set up your transaction. (Or not, in case you want something that is not provided for.)
@@Burevestnik9M730 correct. That money isn't lost. It only takes time in this case because this person took a route to send his money which is not provided for and he could have known that by first reading instructions and policies. I use TransferWise monthly with 100% satisfaction.
@@Burevestnik9M730 Don't think so. TW has a huge client base who use it what it's designed for. Crypto currency is a niche and will stay like that for a very long time. I never have issues with TW, but I do have issues with PayPal regularly.
@@Burevestnik9M730 It was from the Kraken exchange which used Fidor AG for the Sepa payment. Yes, agree would have been stupid with a meaningful amount, but did with a smaller one to explore what was possible at the time to potentially give me more options in a hostile environment , in case my domestic bank suddenly would take a similar stance. So it was mostly a test tbh. Kraken has now obtained a banking license through Wyoming if I remember correctly and crypto is moving into institutional realms so it's no longer a worry for me to explore these ways as it was back then. I just thought it increadily stupid of TW not to accept these type of clients and have a segment of a growing industry, but yeah that's up to them I suppose. I did not want to go through all the headache tracking down the money since it was a smaller amt.
BEWARE OF WISE: If the mkt is moving fast and you cancel a few transfers they will put severe restrictions on you. They will stop you cancelling transactions in the future. So this leaves you not being able to get a great rate in a fast moving market. They take forever to get the funds to your bank too. It takes a week to get funds from NZ to US banks.
Why do you think this is? Is it because they don’t wish for people to use their platform and rates to make profit when sending money across foreign currencies? Just very curious after seeing your comment.
Also now they waking up to need to "understand who you are" and required to check/allow every single transfer you want to make - by some introduction of new laws in EU... Requesting a lot of paper work, after being their client for years... Now they want to "understand who I am"... Yeah right, thanks I'll take it elsewhere
The card works well until it gets blocked. Then you have no control over your money. After one year, they become inquisitive and start requesting documentation on where your money comes from. I would understand if we talk tenth of thousands of $$$ but not with smaller amounts. Their customer service is basically non-existing. If your account gets blocked, it will be challenging to re-open it or get your money out.
I Have used TransferWise for over a year , they were good for a few months then problems with their card and the odd transfer. Their customer service is poor , tell you garbage and try to fob you off.
Buying a flat in Europe and have over 100k in local currency with transferwise just waiting for the realtor to gather all paperwork and have the closing with the lawyer. Praying that nothing will happen between now until the closing 😱🙏
I loved them when I was living in Turkey and needed funds each month from Singapore. The bad part though is your account can get closed if you are not a resident in a country on their list. 😢
I believe we have to start our own banking system, similar to what WISE have set up...(in order to get out of their system that will require some kind of digital ID for our "safety")
If somebody opens an offshore company, for example, in Gibraltar (where it's required that the bank account is held in another country), would this type of Transferwise account meet that requirement (or would it be classed as being in Gibraltar)?
are there any Intermediary bank fees? What i've read is that if it goes through an Intermediary bank they can charge you $30 in fees per bank, so if it goes through 2 banks then you get socked with a $60 fee which seems ridiculous to me.
I will receive my non-taxable share of my family's trust in 2021. Is just bringing the check drawn from a US bank to the foreign bank better than a transfer?
When dealing with transfer money to abroad, no others . companies can beat TRANSFERWISE. IT IS fast IT IS TRANSPARENCY, NO HIDING COST OR HIDDEN FEES. IT IS WISE. I LOVE TRANSFERWISE. I SHOULD GIVE THEM 7 STARS, IF POSSIBLE.
I have a question, you got st Lucian citizenship. I assume you were single when you did that. Can you go back and add your wife or do you have to wait till your married and have your kids before buying citizenship?
If you live in Japan and want to send money to and from the US do not use this service. TransferWise requires the user to give them your "My Number" (if you live in Japan you know what it is) that will allow the Japanese government to see all your bank accounts, transactions, etc.. Currently in Japan the laws states it is only optional to give My Number but TransferWise insists you give them the number. Don't do it!!
If money is legit, no problem registering number right? Small amounts do not concern gov., I think. But, I agree. Anti-money laundering measure is a gov's way to control us.
@@bk10200 Of course you should not have any issues with sending or receiving funds. As I mentioned in my post, here in Japan we have to provide "My Number" when conducting certain financial transactions. TransferWise requires Japanese residents (and Japanese citizens) to give them that number -- I refused to do it since it is not the law yet and its very intrusive into our personal financial affairs. Go ahead and use TransferWise; the system sounds good...
From all I've seen so far... Wise seems like a great option for a business just starting out with going global. I'm starting my first (online) business and want to be global from the get-go, so I've been looking at all my options for a multi-currency account. I want to accept as many international currencies as possible, and I've found Wise and Revolut so far. Andrew, have you done a video on Revolut yet? As a business account? If not then it might make for a good follow-up to this video. Thanks for your thoughts! Great content as always; keep it up! Oh and happy belated birthday 😁
Hi sir I have a problem now she send me money and I’m leaving in dubai it’s been 11 days now and till now I did not receive my money in my bank account but in my email said that it was sent already how it’s possible ? It was euro she send it to me kindly help me how to solve this problem thanks
I am trying to send money on a regular basis to my wife in the Philippines. I was going to try Transferwise (Wise now) but I was not happy with the way they use my personal information. Therefore, I cancel my application, but now, they are pestering me every time I open any browser and I cannot stop them. Any suggestion on how to stop or delete them?
couldn't you just use crypto for those same transactions? just find an exchange that accepts your particular bank account and send whatever to that account for cheap and without much restrictions?
Hey Andrew. Can I just transfer with PayPal easier and cheaper? Just a note. I am an Expat living ion the Dominican Republic. I dont think the banks here cooperate with the IRS. Please confirm this.
Great video, I have used both Transferwise and Paypal but at this point prefer to use Crypto if I can. I actually recently switched over to crypto with my coaching clients that I work with which is a pretty awesome system for payment and money of the future! Also, did you see the Russia Golden Visa program launching, you will have to do a TH-cam video on this!
Which apps or methods do you suggest? I use Counbase but I'm not sure if it's available in every country. I'm trying to encourage some of my Arab friends to try it.
@@dr.lyleevans6915 There is an article about this Russian Golden visa. Russia is planning to introduce a golden visa scheme, offering foreigners a permanent residency permit in exchange for investing in the Russian economy, the Izvestia news site reported Friday. Draft legislation drawn up by the country’s Economy Ministry would seek to woo foreign investors by offering residency rights for investments in the Russian economy starting at 10 million rubles ($130,000). Seems like a great opportunity along with visa programs available in Serbia.
@@Burevestnik9M730 perhaps you need to do more research into bitcoin and crypto to better understand the system and how micro-dips happen over a several year period.
For me personally, I discovered Transferwise as I’m now living in a country where PayPal is blocked. My initially intention was to do it via PayPal, but I would’ve had to pay more, which worked out at the same as what I would pay if I did a normal international transfer via the banks.
I am not a nomad capitalist - more of a hobo anarchist. There are so may (too many?) restrictions on international money transfers to make even Wise excellent. If I read the Wise website correctly, you can send money OUT of Turkey but not in. And Malaysian ringgit funds can only be held by residents. It is not exactly a free market in currencies. National governments prevent that from happening. Not Wise's fault of course.
I thought their fee was a bit high, but they did send my money (US -> EU) pretty fast. Although at the end of the day I'd like to use crypto if I can. Need an exchange that can operate with my EU bank account.
Thank you. This is very helpful information. I wish this kind of service was available 50 years ago when my parents bought property in Spain. I'm now selling this property and plan to do a one-time transfer of euros to the US. The vast majority of these funds would go to my US account. I might keep 5k euros with TW for use in Europe. I have no specific relationship with a private bank and I would never put any money is a Spanish bank - ever again. Terrible experiences there. Can you imagine any reason to go with anyone else besides Transferwise for this big transfer, about 200k?
Hi Andrew, I love your videos. Took your advise and am in the process of buying property in Serbia. I tried using transferwise sending to Serbia and it got there eventually, but the middleman fees seem exorbitant. Maybe it's the Serbian bank I'm using? Can you suggest one that will accept Euros and not rip you off?
I used them for Naira (Nigeria) transfers and they were super quick.... but, using bitcoin is far better rate. But I agree, between GBP, EUR and USD, hard to beat. Great video Andrew. How about one on where to avoid KYC you mentioned can be so annoying?
@@rubicoybarra6513 USA. Was transferring to Mexico. They held my money for about 2 weeks then I since I asked for it back and to cancel my transaction I got it back in my bank account.
![CAMPปลิ้น | รวม Highlight 2024! PART [1/2]](http://i.ytimg.com/vi/6hnvNnvYloU/mqdefault.jpg)
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I have no money, why do i enjoy your content? Lol
Because it distracts us from all the chaos in the world; and learning new stuff is fun!
Living vicariously
Because he is a smart person and says different stuff we are use to hear
As others have said, there is time.. unless you have a terminal illness or are very advanced in years there is no reason why you can’t improve your financial situation. There is never a bad time to start, ironically the middle of a pandemic may be a great time to get started
Mental Preparation!
I have used TransferWise for small amounts from the US to Thailand. Excellent rate fee and exchange rate as well. Unfortunately they are not able to transfer funds the opposite way...from Thai Baht to US Dollars. Just be aware of these limitations. Banks in Thailand can easily do the transfer but clip you on the exchange rates and then change you a fee based on the total amount of US funds that you are transferring.
Hi Rob, I'm planning to use wise to transfer send some money from US to Thailand, do you still think it's a good option and the best option to wire fund? Thanks
@@mariolopez-od7pr I am sure it is still a good choice. "The best"? Hard to say what is the best of anything. 😄😎👍
@@roballen7937 Thanks for your replied.
I am surprised to read of your experience here. While Japan and Serbia might be different, my understanding is that greatly touristed countries such as Thailand offer better rates exchanging cash at exchange booths *at the destination*, specifically at non-bank 'SuperRich' in Bangkok. I am talking for under $1000 anyway.
I didn't have much luck with TW. To me, a bank should be very much like a utility company. It's got to work all the time, every time. When I flick the switch I expect the lights to come on. When I turn the heat on I expect it to work. When I send funds from my USD account to my GBP account I expect them to arrive. TW randomly blocks transfers without any explanation or notice and takes forever to return the funds. Yes they have great rates and you can save 2% on the exchange but you're risking 100% of the capital if they block the funds and take ages to return them.
Can you give specific examples and % how often the transfers are rejected?
Agree
I use Transferwise to hold my funds that I will be using for vacation in Philippines and wherever I may be passing through to get there. It's only my opinion but I think it's a great place to save the funds you know you'll have an idea you will be spending in that country for vacation. Example I usually go to Hong Kong first, then Philippines. While on my layover I can use their debit card in Hong Kong dollars and not worry about my own bank declining my regular card because I would forget to tell my bank and my card won't work. That's my thoughts.
Be aware that Wise can deactivate and close your account without notice and without clarifications, but the worst thing, that they will not refund what you have in your account, it happen to me with more than $2k in my account. The CS is not helpful at all, they keep responding to my emails with the some generic answer.
The other bad thing about Wise, if someone send you a transfer while your account is deactivated, it will not be rejected as they always say in their rules, it will be accepted and added to the funds that you can't be refunded.
Think twice Before Using Wise and similar fintech, make your research, thousands of people get their saving locked in Wise and never refunded.
That’s why Wise is more suitable for overseas travelers, with a Wise Travel Card linked to their Wise account, to make cashless small payments at Point of Sale terminals and to withdraw local currencies at ATMs. And the balance amount in the account should be kept low in case the company goes bankrupt or freezes your account. In other words, use Wise as a tool for convenience while traveling and nothing else.
After a few months I got my money refunded, but not all of them, around 90%
Transferwise is great. A must for travel.
Chase bank in the US is good for Private client customers , they charge no wire fee .Icelandic banks charge about 6 USD equivalent to either receive a wire or send one.
In short words it solved my bigger problem for sending funds to my US Brokerage, Before this I tried hard to open Offshore Bank Account and went to complex and saw big maintenance charges. It's Quick and best way in my opinion and I opened Personal Account.
Transfer wise will take over Revolut an N24 by far in terms of market capitalization.
Thank you Andrew for talking about transferring currencies between countries. 😊🙏
It’s N26
Yes apparently N26 is growing faster. Thank you@@sukrusani5077
I just sent money from HK to Thailand, exchanging HKD to THB. When I enter the amount of THB I bought into an online exchange rate, i.e., where they show the middle point between the spread, it was EXACTLY what Transferwise charged me in HKD. Add to that a transparent fee that is around .8%. Not bad for two currencies that trade against each other in modest volumes. By comparison, my HK bank currently has about a 7.5% "we buy/ we sell" spread AND I would've paid wire fees on both ends. Between the spread and the fees, I could've easily been out US$100, and instead I'm out US$5 thanks to Transferwise.
Fidelity Investment charges no fees for wiring to oversea banks. Though there is about a 10 usd fee charged by the local bank there.
I stopped using it. Too many problems. When trying to open a company account my personal account was blocked. Support and help was really really poor.
From which country you are from and where is your company located?
@@patrick1992 Luxembourg for both
I have used them for years.
Results vary, from super fast (3 minutes) international, to blocking a same currency 3rd party deposit.
Did they let me or the depositor know? Nope.
They would only allow the deposit through with the full legal name and dob of the depositor.
It was a private sale and he got spooked, understandably.
It took a further 3 weeks and a different bank to close the deal.
SteveG... Please explain which countries you are talking about here.
Send a very small Euro transaction to my account with them about a year ago from one of my exchange accounts (which uses a german bank as third party to make these possible)
Transferwise refused it because they had a policy to not take transactions from any place involved with crypto. The perfectly legal transaction went back to the 3rd party with which I had no account etc so I basically lost the money.
First and last time I used them.
Pretty stupid of this person. First read the TransferWise policy and procedures, then set up your transaction. (Or not, in case you want something that is not provided for.)
@@Burevestnik9M730 correct. That money isn't lost. It only takes time in this case because this person took a route to send his money which is not provided for and he could have known that by first reading instructions and policies. I use TransferWise monthly with 100% satisfaction.
@@Burevestnik9M730 Don't think so. TW has a huge client base who use it what it's designed for. Crypto currency is a niche and will stay like that for a very long time. I never have issues with TW, but I do have issues with PayPal regularly.
@@Burevestnik9M730 It was from the Kraken exchange which used Fidor AG for the Sepa payment. Yes, agree would have been stupid with a meaningful amount, but did with a smaller one to explore what was possible at the time to potentially give me more options in a hostile environment , in case my domestic bank suddenly would take a similar stance. So it was mostly a test tbh. Kraken has now obtained a banking license through Wyoming if I remember correctly and crypto is moving into institutional realms so it's no longer a worry for me to explore these ways as it was back then. I just thought it increadily stupid of TW not to accept these type of clients and have a segment of a growing industry, but yeah that's up to them I suppose. I did not want to go through all the headache tracking down the money since it was a smaller amt.
@@Burevestnik9M730 Crypto spam is so tiresome.
BEWARE OF WISE: If the mkt is moving fast and you cancel a few transfers they will put severe restrictions on you. They will stop you cancelling transactions in the future. So this leaves you not being able to get a great rate in a fast moving market.
They take forever to get the funds to your bank too. It takes a week to get funds from NZ to US banks.
Why do you think this is? Is it because they don’t wish for people to use their platform and rates to make profit when sending money across foreign currencies? Just very curious after seeing your comment.
Also now they waking up to need to "understand who you are" and required to check/allow every single transfer you want to make - by some introduction of new laws in EU...
Requesting a lot of paper work, after being their client for years... Now they want to "understand who I am"...
Yeah right, thanks I'll take it elsewhere
Can you do one on revolut please
They want too much personal info in my opinion. They claim it's for legal reasons but transferwise didn't ask for it.
The card works well until it gets blocked. Then you have no control over your money. After one year, they become inquisitive and start requesting documentation on where your money comes from. I would understand if we talk tenth of thousands of $$$ but not with smaller amounts. Their customer service is basically non-existing. If your account gets blocked, it will be challenging to re-open it or get your money out.
I Have used TransferWise for over a year , they were good for a few months then problems with their card and the odd transfer. Their customer service is poor , tell you garbage and try to fob you off.
Yep
I'm not getting youtube notifications anymore and I am subscribed!
Hello, Please make sure you clicked on the notification bell
Does transferwise work with ebay managed payments?
Buying a flat in Europe and have over 100k in local currency with transferwise just waiting for the realtor to gather all paperwork and have the closing with the lawyer. Praying that nothing will happen between now until the closing 😱🙏
Very risky move. Tw froze my account for 5 months already.
How did you go?
I loved them when I was living in Turkey and needed funds each month from Singapore. The bad part though is your account can get closed if you are not a resident in a country on their list. 😢
Andrew What Do You know about Euro Pacific??? It's a small bank in Puerto Rico owned by Peter Schiff.
Used to be good in 2013. Not any more. I was lucky to get my gold and euros out in 2021
Bankrupt 😂
What do you think about Stripe Atlas?
We wrote an article about it; use the search function at www.nomadcapitalist.com.
Is Mexico a solid country for Transfer-wise?
Yes ‼️
Does trasferwise and worldremit are in the same company?
TW is good for smaller amounts. Swift is still better for large transactions.
Transferwise is great for me to get money from the US to the Philippines.
How long does it take to receive a transfer of money from the US to, say, Japan?
I believe we have to start our own banking system, similar to what WISE have set up...(in order to get out of their system that will require some kind of digital ID for our "safety")
If somebody opens an offshore company, for example, in Gibraltar (where it's required that the bank account is held in another country), would this type of Transferwise account meet that requirement (or would it be classed as being in Gibraltar)?
how is transferwise business account, is it reliable ?
Greetings from Dorćol BG 🇷🇸
Wise has fairly high UK deposit insurance on the money they hold, where as in small countries the deposit insurance could be as low as $5,000.
Andrew, why not use cryptocurrencies? DeFi and smart contracts for business deal?
What do you guys think of Revolut?
I find it very useful for small currency conversions (less than €1000)
Revolut is great but it's only available in a handful of countries.
They couldn't read my passport after three tries, so I took that as a sign of what to expect, and left them to it.
are there any Intermediary bank fees? What i've read is that if it goes through an Intermediary bank they can charge you $30 in fees per bank, so if it goes through 2 banks then you get socked with a $60 fee which seems ridiculous to me.
Hi its not easy sending to Vietnam you have to phone for help it takes two days for it goes through successfully
via Wise do you mean? How many times did this happen?
Very useful information, thank you!
Glad it was helpful.
That's a useful perspective Andrew, thanks.
My pleasure!
I wonder what country in the world could you escape to get out of psycho globalists such a Bill gates who plan to enslave the world
can I receive hug money with transferwise bank account
I will receive my non-taxable share of my family's trust in 2021. Is just bringing the check drawn from a US bank to the foreign bank better than a transfer?
Transferwise provide balances with a number of countries, they have addresses and account numbers. I haven't tested fully yet.
When dealing with transfer money to abroad, no others . companies can beat TRANSFERWISE.
IT IS fast
IT IS TRANSPARENCY, NO HIDING COST OR HIDDEN FEES.
IT IS WISE.
I LOVE TRANSFERWISE.
I SHOULD GIVE THEM 7 STARS, IF POSSIBLE.
Is TransferWise safe?
I have a question, you got st Lucian citizenship. I assume you were single when you did that. Can you go back and add your wife or do you have to wait till your married and have your kids before buying citizenship?
You can add your wife later.
If you live in Japan and want to send money to and from the US do not use this service. TransferWise requires the user to give them your "My Number" (if you live in Japan you know what it is) that will allow the Japanese government to see all your bank accounts, transactions, etc.. Currently in Japan the laws states it is only optional to give My Number but TransferWise insists you give them the number. Don't do it!!
If money is legit, no problem registering number right? Small amounts do not concern gov., I think. But, I agree. Anti-money laundering measure is a gov's way to control us.
@@bk10200 Of course you should not have any issues with sending or receiving funds. As I mentioned in my post, here in Japan we have to provide "My Number" when conducting certain financial transactions. TransferWise requires Japanese residents (and Japanese citizens) to give them that number -- I refused to do it since it is not the law yet and its very intrusive into our personal financial affairs. Go ahead and use TransferWise; the system sounds good...
What money transfer do you recommend? I worry about the My Number situation too. And Thank you for your comment.
Thanks for this warning. I was about to do some business with a colleague in Tokyo.
What are your thoughts on OFX? They offer us even better rates than Transferwise, and they also have the feature of holding balances
From all I've seen so far... Wise seems like a great option for a business just starting out with going global.
I'm starting my first (online) business and want to be global from the get-go, so I've been looking at all my options for a multi-currency account. I want to accept as many international currencies as possible, and I've found Wise and Revolut so far.
Andrew, have you done a video on Revolut yet? As a business account? If not then it might make for a good follow-up to this video.
Thanks for your thoughts! Great content as always; keep it up!
Oh and happy belated birthday 😁
Hi sir I have a problem now she send me money and I’m leaving in dubai it’s been 11 days now and till now I did not receive my money in my bank account but in my email said that it was sent already how it’s possible ? It was euro she send it to me kindly help me how to solve this problem thanks
I am trying to send money on a regular basis to my wife in the Philippines. I was going to try Transferwise (Wise now) but I was not happy with the way they use my personal information. Therefore, I cancel my application, but now, they are pestering me every time I open any browser and I cannot stop them. Any suggestion on how to stop or delete them?
couldn't you just use crypto for those same transactions? just find an exchange that accepts your particular bank account and send whatever to that account for cheap and without much restrictions?
how do you change crypto into fiat currency if you dont have a bank account in the country you want to spend it in?
Hey Andrew. Can I just transfer with PayPal easier and cheaper? Just a note. I am an Expat living ion the Dominican Republic. I dont think the banks here cooperate with the IRS. Please confirm this.
PP dev not cheaper
I have transferwise debit and noticed is not as compatible as my payoneer debit with online purchases and atms although it workz fine
I think they are the best bank in the world
Revolut is another option to Transferwise.
XRP settle the transactions in seconds with a very cheap fees, less than a penny, no need to convert any currency
Hi Andrew, I've watching your channel and love you content.
Wanted to find out if you have interest in buying gold?
How can I purchase , I’m interested
WILL NOT USE THEM AGAIN NO HELP NO SERVICE
Great video, I have used both Transferwise and Paypal but at this point prefer to use Crypto if I can. I actually recently switched over to crypto with my coaching clients that I work with which is a pretty awesome system for payment and money of the future! Also, did you see the Russia Golden Visa program launching, you will have to do a TH-cam video on this!
Which apps or methods do you suggest? I use Counbase but I'm not sure if it's available in every country. I'm trying to encourage some of my Arab friends to try it.
@inaciocook now I gotta look up N26. Glad it's working for you too
What is this RS golden visa ?
@@dr.lyleevans6915 There is an article about this Russian Golden visa. Russia is planning to introduce a golden visa scheme, offering foreigners a permanent residency permit in exchange for investing in the Russian economy, the Izvestia news site reported Friday.
Draft legislation drawn up by the country’s Economy Ministry would seek to woo foreign investors by offering residency rights for investments in the Russian economy starting at 10 million rubles ($130,000). Seems like a great opportunity along with visa programs available in Serbia.
@@Burevestnik9M730 perhaps you need to do more research into bitcoin and crypto to better understand the system and how micro-dips happen over a several year period.
What is your opinion on using PayPal for international transfers? Thank you in advance. Love your content ❣
For me personally, I discovered Transferwise as I’m now living in a country where PayPal is blocked. My initially intention was to do it via PayPal, but I would’ve had to pay more, which worked out at the same as what I would pay if I did a normal international transfer via the banks.
I am not a nomad capitalist - more of a hobo anarchist. There are so may (too many?) restrictions on international money transfers to make even Wise excellent. If I read the Wise website correctly, you can send money OUT of Turkey but not in. And Malaysian ringgit funds can only be held by residents. It is not exactly a free market in currencies. National governments prevent that from happening. Not Wise's fault of course.
You've have to be a noob to user transferwise. This is simplistic advice.
Next the good and the bad of bitcoin
Vectracoin is my choice
I thought their fee was a bit high, but they did send my money (US -> EU) pretty fast.
Although at the end of the day I'd like to use crypto if I can. Need an exchange that can operate with my EU bank account.
The All Blue looks great in the introduction! The brown suit was not good.
I also like remitely
XRP fixes this
Thank you. This is very helpful information. I wish this kind of service was available 50 years ago when my parents bought property in Spain. I'm now selling this property and plan to do a one-time transfer of euros to the US. The vast majority of these funds would go to my US account. I might keep 5k euros with TW for use in Europe. I have no specific relationship with a private bank and I would never put any money is a Spanish bank - ever again. Terrible experiences there. Can you imagine any reason to go with anyone else besides Transferwise for this big transfer, about 200k?
Great video
This guy reminds so much of German satirist Harald Schmidt 25 years ago, it´s incredible.
KOREAN SUBTITLE
Thank you for informing us!
@@nomadcapitalist still no English subtitle.
Hi Andrew, I love your videos. Took your advise and am in the process of buying property in Serbia. I tried using transferwise sending to Serbia and it got there eventually, but the middleman fees seem exorbitant. Maybe it's the Serbian bank I'm using? Can you suggest one that will accept Euros and not rip you off?
im in the same position now. can i ask you as a % of total figure what did you pay in total?
I used them for Naira (Nigeria) transfers and they were super quick.... but, using bitcoin is far better rate. But I agree, between GBP, EUR and USD, hard to beat. Great video Andrew. How about one on where to avoid KYC you mentioned can be so annoying?
Pray for VectraCoin!
TL;DR: use Revolut
03:50 For 500 points, name something that both ogres and onions have multiples of.
And parfait, too! Everybody loves parfait!
VectraCoin is the best cryptocurrency
Buy VectraCoin already and don't worry
Never knew
Could you talk with your hands tied together?
Bitcoin is the answer to the fast private transfer of value across the globe!!!
@Fauci is-a-liar your handle name fits well!!!LOL
the sound is abit too crispy ("S" sounds are very sharp) thus maling ur video full of saliva sounds hahha. Nevertheless thanks for the great vid!
Hold your money in Bitcoin what do you think?
Bitcoin has limited liquidity depending on where you find yourself. Some countries haven't built a solid exchange infrastructure for crypto yet.
Too much talk , didn’t say much.
DO NOT open a Wise bank account! Truly appalling service and I regret the day I ever opened one!
What did they do to you?
@@zeebong8010 probably broke TOS
Man, what are you talking about. General information. Give details instead of general info.
Don't get transferwise. They will close youre account and freeze your money for a long time. Horrible customer service. Don't use them.
where are you from?
@@rubicoybarra6513 USA. Was transferring to Mexico. They held my money for about 2 weeks then I since I asked for it back and to cancel my transaction I got it back in my bank account.
Omg! Was this recently? I opened my TW just a few days ago and is working fine. But now I worry I will have some issue. 😒
@@rubicoybarra6513 yes, this was these past months. I finally got my money back 2 weeks ago
Moneylaundering 101.
Why review cryptocurrencies if VectraCoin wins everyone?
Vectracoin is the best coin, there is no point in arguing with this
Useful information. Thanks 🙏🏻