How to send money to an IBAN account via Wise?
The transfer procedure to an IBAN account is as simple as to an ordinary payment card: you need to know the recipient IBAN account number and the bank's SWIFT code (for remittances to Ukraine) and, of course, the name and surname of the account holder. As a rule, such money transfers to Ukraine take longer and may cost more due to commissions of intermediary banks.
How much does it cost to send money by using Wise?
Before making a money transfer from abroad to Ukraine, many customers have a reasonable question about fees for Wise services. The size of the commission for an international payment to Ukraine depends on the method of payment of the money transfer and on where the funds will go to the recipient - to the card or to the IBAN. Also, you should pay attention to the exchange rate that will be applied in case of conversion. At the same time, immediately before making a money transfer, you can find out the total cost of all fees both on the Strumok.money website and on the Wise payment service. We remind you that the Strumok service does not charge an additional fee for its services - we provide information for our customers free of charge.
How long does a money transfer take?
A money transfer is considered instant if it takes less than 20 seconds. Currently, 45% of Wise payments are instant. In most other cases, you just need to wait a few minutes or a day when making international transfers to IBAN outside EU. An approximate estimate of the time it will take for the funds to be credited to the recipient account, as well as the working hours of the Wise payment service, can be seen on the Strumok international money transfer comparison service.
How to track a Wise money transfer?
You can track the status of the money transfer in your account window on the Wise payment service website or in the Wise mobile application. Just log in to your Wise account, select the appropriate option and click on the current transaction to view the status of your international money transfer to Ukraine.