The business idea is simple yet very powerful. I've used Transferwise twice by now to transfer funds (GBP-EUR) between my accounts from one country to another. In both cases, I received funds on the same day which is really outstanding. With transparent and low fees (ca 0.5% of the total transfer, in my experience so far) they are far ahead of their competitors. The service is also very straightforward and convenien to use. I absolutely recommend them - and this is something I do rarely...
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