During my last trip to Indonesia, I found myself in a situation where I needed to transfer some money. As a traveler, I was looking for a service that was quick, reliable, and cost-effective.
Discovering Wise
Wise is an international money transfer service that operates in over 160 countries and deals with 40 different currencies. What sets Wise apart from traditional banking services is its commitment to transparency and affordability. They charge as little as possible for their services, with the ultimate goal of making international money transfers free.
Using Wise in Indonesia
Setting up a transfer with Wise was straightforward. All transactions are set up online or via the Wise app. You can choose to pay in various ways, including local bank transfer, card, POLi, or PayID. The recipient gets the money directly in their bank account.
In my case, I needed to transfer Australian Dollars (AUD) to Indonesian Rupiah (IDR). The process was seamless. I entered the amount I wanted to send in AUD, and Wise showed me the exact amount the recipient would receive in IDR. This transparency gave me confidence that there were no hidden fees or charges.
The Benefits of Using Wise
One of the significant benefits of using Wise is the savings it offers when sending money abroad. According to their website, you can save up to 6x when you send, spend, and withdraw 40 currencies. This saving was evident in my transaction. The fees charged by Wise were significantly lower than what I would have paid using traditional banking services.
Another benefit of Wise is the speed of transactions. My transfer was completed within a few hours, which was much faster than the standard bank transfers that usually take a few days.
Conclusion
My experience with Wise in Indonesia was nothing short of amazing. The service was quick, reliable, and cost-effective. It changed my perspective on international money transfers. Now, whether I’m traveling for business or pleasure, Wise is my go-to service for all my international money transfer needs.
