Summary
Wise (formerly TransferWise) is an international money transfer service and multi-currency account provider. It enables individuals and businesses to send, receive, and hold money in various currencies with low fees and transparent exchange rates. Wise also offers a platform for businesses and financial institutions to integrate its payment solutions.
Features6/12
See allMust Have
3 of 5
Instant P2P Transfers
Prepaid Debit Card (Cash App Card)
Early Direct Deposit
Commission-Free Stock Trading
Bitcoin Trading
Other
3 of 7
Fraud Monitoring & Security
High-Yield Savings
ATM Access & Fee Reimbursement
Round-Up Savings
Pay Over Time (Afterpay)
Instant Discounts & Offers
Customizable Card Designs
Rationale
Wise offers international money transfers, a multi-currency account, and a debit card. While it facilitates sending and receiving money, its primary focus is on international transfers rather than instant peer-to-peer transfers within a single country like Cash App. It does offer a prepaid debit card, fraud monitoring, and interest-earning balances (similar to savings). It also provides ATM access with some fee reimbursement. However, it lacks features like early direct deposit, stock trading, or bitcoin trading, which are core to the Cash App concept.
