Wise Alternatives

What is Wise?

Wise is a mobile app that can be installed on Android and iOS devices. The app can be used to send and receive money all over the world through the internet. You have the option of tracking the progress of your transaction and you can also cancel them as and when needed. You can invite your friends and family to the app. Payment can be made through Apple Pay and Google Pay.

Price Plans of Wise

There are four price plans of Wise and the details can be found in the table below −

Plan	Yearly
Start-up Plan	$20.40 per month
Essential	$42.02 per month
Professional	$108.08 per month
Custom	Custom pricing

Why Wise Alternatives?

• For some transactions, the transfer fee is high

• The cash delivery option is not available

• Fees and limits depend on the country of the sender and receiver

• Customer support needs improvement

How to Choose a Wise Alternative?

There are many advantages of using Wise and some of them are listed below −

• A variety of options available to send and receive money

• The fee for transferring money abroad is low

• Transactions are conducted at a fast speed

• The app is easy to use

• It can be accessed through the web or an app

Top 10 Wise Alternatives

There are many alternatives to Wise and some of them have been discussed here in detail. The list is given below −

• Monese

• N26

• OFX

• Payoneer

• PayPal

• Remitly

• Revolut

• Western Union

• WorldRemit

• Xe Money Transfer

Alternative 1 – Monese

Monese is a digital banking application that can be used as a substitute for Wise It can also act as a card that uses smartphone technology. People who want to have an account in another country can use the app. ATM withdrawals can be easily made and card payments can be made in other countries through this app. The debit cards of Monese can also be used for ATM withdrawals and contactless payments.

Alternative 2 – N26

N26 is another app which can be used as an alternative to Wise. It is a mobile bank and is being used by more than 2,500,000 users. You can have control of all your finances through this app. You can activate Apple Pay and also get a MasterCard to manage your finances. You can create a lot of sub-accounts under a single login. Instant cash transfers can be done through email or phone number. Money can be transferred in 19 different currencies.

Alternative 3 –OFX

OFX provides a large number of services to its customers. You can use the platform for transferring money internationally. The app is popular among users who do their transactions with the help of phones. The services of the app are available 24/7. No transfer has to be paid but an exchange rate is needed to convert money from one currency to another.

Alternative 4 – Payoneer

Payoneer came into the market in 2005 and it is a MasterCard Service provider. The app is being used in many countries to transfer money. Online money transfers and digital payments can be done easily through the app. The app is also used by many companies to make and receive payments. It is a trusted platform and is being used in more than 200 countries.

Alternative 5 – PayPal

PayPal is a popular Wise alternative and can be used to send money from one country to another. No fee is needed for transferring money for receiving money, a fee has to be paid. Millions of brands accept payment through this app in more than 200 countries. You can earn card rewards by making payments. Different payment options are available to send money.

Alternative 6 – Remitly

Remitly is another Wise alternative which can be used to send payments online. The app can be used to send only small amounts to countries like Asia, Africa, and South America. You can send money fast with the Express feature but the high fee has to be paid. You can also use Economy which is a cheaper and slower mode of sending payments.

Alternative 7 – Revolut

Revolut is considered as one of the best alternatives to Wise. The app is currently being used by more than 12 million users all over the world. You have to make an account in order to use the app and send and receive money. The price for international money transfers is reasonable. Revolut cards are also available which can be used to purchase different items. Cryptocurrency trading can also be done through the app.

Alternative 8 – Western Union

Western Union is another best alternative to Wise. It is one of the largest money transfer services in the world. Different types of payment options are available which you can use to send money to recipients living in any country. It has a strong and secure branch network so money can be transferred in person and cash. Fees and the exchange rate have to be paid to send money.

Alternative 9 – WorldRemit

WorldRemit is an app which can be used to transfer money to recipients in more than 130 countries. The transactions are completed within a few minutes. If you invite a friend to use the app, a voucher will be provided to both of you which can be used in the next transfer. A promo code called 3Free is provided to first-time users.

Alternative 10 – Xe Money Transfer

Xe is a tool which consists of different types of currencies along with historical and live exchange rate information. The app can be used to make payments all over the world with the help of these currencies. Money can be sent anywhere and in any currency.

Conclusion

Wise is an app that can used to transfer money internationally. The transfer fee for some transactions is high and there is no option for cash delivery. Customer support is also limited and these are the reasons that people look for Wise alternatives like OFX, Xe Money Transfer, PayPal, and many more.