TransferWise (Full Guide) | Cost Comparison + How to Register & Transfer in 15 Minutes

In this video, I will show you how much money you can save by using #Wise, formerly #TransferWise (as opposed to Foreign Telegraphic Transfer with banks), as well as the step-by-step guide for you to register an account and perform an international transfer, all within 15 minutes!

I use a Malaysian Ringgit (MYR) to Singapore Dollar (SGD) transfer as an example but the steps are almost the same for any currency supported by TransferWise, including US Dollars, UK Pounds, Euros, HK Dollars, Indonesian Rupiah, Japanese Yen and many more.

TransferWise is an online account that lets you send money, get paid, and spend money internationally. With a TransferWise account, you can send money abroad and get paid in other currencies.

Banks and other providers often set their own, unfriendly exchange rates. It means that you pay more than you need to, and they pocket the difference. With TransferWise, you'll always get the real mid-market exchange rate - like you'd find on independent sources like Google, XE, Yahoo Finance or Reuters.

Note:
1) TransferWise have been rebranded to #Wise.
2) "Online FPX" have been renamed to "Easy Transfer" under Transfer Type.

Feel free to DM me on Instagram anytime if you have any questions!
Thank you for watching!

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Video Timestamps:
0:00 Introduction
1:29 Cost Savings (TransferWise vs Banks)
3:08 Registration and Transfer Guide
6:41 Frequently Asked Questions
8:34 Closing thoughts!

#InternationalTransfer #TransferMoney #TransferWiseReview #TransferWiseTutorial #TransferWiseMalaysia #TransferWiseSingapore #TransferWiseGuide #ForeignTransfer #ForeignCurrencyExchange #Forex #FX #HowToTransferAbroad

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Disclaimer: This video is not sponsored and the content on this channel are for educational purposes only and merely cite my own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing.

[ZietInvests]

Note:
1) TransferWise have been rebranded to #Wise.
2) 5:49 "Online FPX" have been renamed to "Easy Transfer" under Transfer Type.

📌ACH Transfer for Malaysians, please read❗️
If you are not aware yet, Wise has 2 services on their app:
A) Overseas remittance service (sending money overseas, as shown in this video) - no issue with this, can proceed to use 😊

Other than that, please use Wise as you wish as it is still licensed in Malaysia 😊

[lxgoh]

Already sign up using ur link as a sign of support for ur work. Keep it up young man

[gconceptg]

Hey, Ziet, needed these info, came in just at the right time.Tks for sharing

[michaelchiayin]

Great video!! Had been waiting this for a long time ahha :D

[Sinjaxx]

You're going places with your dedication and educating style ! Liked and subscribed!

[rotitelurfinance]

Really amazing stuff Ziet ! Jammed pack with content.

[honeypearlirenejover]

Hi Ziet! New subscriber here, will be referring your video to my step dad in us so he can send through bank transfer to mom with TransferWise. He used to send through Western Union but he can't send through it anymore. They said that dad should comply some paper works etc. Hopefully, this works! God bless

[techte]

At 4:50 to snap photos and upload to Wise, I ran into the problem "Cannot open camera" issue. Do I need to install any app to turn on my phone camera, can someone teach me? Thanks.

[moq]

Hahak! Thanks for video buddy! U save us at least few hours to do the comparison.. keep it up! Cz i will SMACK! the like button ! 🤣

[yikychew]

Thank you Mr.Fork guy! Your videos are informative & good video quality! I hope you'll hit 100k subscribers soon, yes 100k, not 10k! In my honest opinion ;)

[fathelee]

Thanks very useful video. Gonna open my sing CIMB and capitalise on transferwise!!

[benyoudr]

experience first hand the speedy process of transfer wise money transfer. Things bit complicated if remmiting for USD as transferwise may bit scrutinize deeper

[williamhayden]

It would be good to do a video for withdrawing from IB to CIMB SG then Wise then to Malaysia bank. It would be a hit

[aaron]

Hi Ziet, thanks for the informative video! Would like to ask, if i am able to a bank named BMO Harris Bank in Chicago using this?

[qianxiangvlog]

Hey Ziet, I’m a Malaysian, registered a CIMB sg account as you taught.
Now, I want to move my money from CIMB SG to CIMB MY via Wise. Here showing need for Security Devices to get the CODE. But I don’t have the security devices...

[fakertomorrow]

I use BSN bank Account, but cannot find any bsn bank in wise, any suggestions?

[PrilaRis]

thank you for the great video. is there a way to hide my name when i requested for payment? i sell stuff and i want to hide my personal details away from my customers

[kellytay]

Hi Wei, thank you for the video. You mentioned about opening CMIB account? I am a Singaporean having a local bank, not CMIB. Is that ok? Or must it be CMIB account? Thanks! B/w, really enjoy your video😊

[royhuaijun]

Hi Ziet, how are you doing? I hope you are fine.

The steps for Transfer from Sg to Malaysia is reverse only right? Is it recommendable to transfer from Cimb Sg to other Malaysia bank via transfer wise compare to Cimb Sg to Cimb My? Since my Cimb My is darmant and havent got time to visit physical branch to activate it 🤭

[personalfinance]

Hey man great video, don't know if you can see this but why do you buy SGD then send to foreign account?? Why not buy USD straight??