Wise Referral Promo

A cheaper, faster way to send money abroad

Sign up with Wise (formerly TransferWise) via my referral link and receive a discount off your first transfer. This will either remove or reduce the fee on your first transfer.

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About Wise

Wise (originally TransferWise) was launched in 2011 with the vision of making international money transfers cheap, fair, and simple. It is headquartered in the UK and listed on the London Stock Exchange (LSE) since July 2021.

Today, their multi-currency account helps millions of people and businesses manage their money across the world.

Wise's journey from 2011

Presence in Singapore

Singapore has been the APAC hub of Wise since 2016. In October 2022, Wise announced that it will expand its team to employ over 400 staff in Singapore, doubling its headcount since the start of the year.

Why should I use Wise?

Established market player

Join over 13 million people who choose Wise for fast and secure online money transfers.

Wise is an established player in the industry and has been around since 2011.

Good service reviews

  • TrustPilot: Wise
    • verified company
    • rated 4.5 out of 5 from 158,349 reviews [Jun 2022]

No hidden fees

“We charge as little as possible, and we always show you upfront. No hidden fees. No bad exchange rates. No surprises.”

Wise has an attractive and easy to use GUI that allows users to compare rates with competitors.

Compare rates
Comparing rates between DBS and Wise with Wise upfront about not being the cheapest

They typically offer better rates against banks and PayPal.

Regulated by the Monetary Authority of Singapore (MAS)

Wise Asia-Pacific Pte Ltd is regulated as a Major Payment Institution by The Monetary Authority of Singapore (MAS) license: PS20200413

Social login

You can conveniently login with Apple, Facebook or Google accounts. Wise also has 2FA authorization implemented to improve security.


(Business) Wise Business Account

“Everything you need to grow your business and operate internationally — without the high fees, hefty admin, and headache of a local bank.”

With a Wise Business Account, businesses can:

  • Pay invoices with the real exchange rate in 70+ countries from phone or app.
    • 50% of payments are instant or arrive in an hour.
  • Pay employees on international payroll in one click.
  • Enjoy multi-currency banking without the bank
    • get an IBAN, routing number and sort code for the account.
  • Receive multiple currencies without high recipient or conversion fees.
    • convert or move money within Wise Business or withdraw to external accounts with ease.
  • issue debit cards for business expenses
    • pay expenses online or in-store without foreign transaction fees.
    • issue cards for the team, and monitor spending right from phone or app.
  • Move money between accounts in seconds.

(Personal) Borderless Account and Wise Debit Card

Wise has a borderless account feature that allows you to hold money in multiple currencies. You can then apply for a debit card to deduct from your account when you are overseas.

The Wise debit card proved useful when I made cryptocurrency purchases on Gemini Cryptocurrency Exchange. Not sure about now, but sometime back in 2020, Gemini only accepted debit cards and not credit cards and I was having issues verifying my Singapore bank issued debit cards. Thankfully, the debit card issued by Wise worked well.

My first Wise debit card was a MasterCard but when it expired, the new one issued to me in August 2022 was from Visa.

My new Wise card received in August 2022. Notice that the letter says we cannot use it at ATMs in Singapore
My new Wise card received in August 2022. Notice that the letter says we cannot use it at ATMs in Singapore


Users can send money to 80 countries via Wise.

Remitting monies to China via AliPay

Send Chinese yuan the cheaper and faster way. Set up your transfer, send it to Alipay, and that’s it — your money should arrive instantly. Say bye bye to bank details and hello to Alipay ID.

Other than UnionPay, you can now send from 17 currencies to your recipient’s AliPay ID in China which goes directly into their linked bank account on their AliPay. AliPay has 800 million users in China so it is widely supported. Also, the monies will be reflected in the recipient’s linked bank account in seconds.

This should be a very convenient way to pay your goods suppliers in China.

Watch the video to learn more:

Send and receive with a searchable profile

Users can make their email or phone number searchable in Wise, so friends can easily find their profile and transfer funds.


In November 2022, Wise announced that it has received a Capital Markets Services license from the Monetary Authority of Singapore (MAS), allowing it to introduce its new investment product, Assets, to the country.

“We’re excited to have secured the license as our first step towards bringing Assets to Wise customers in Singapore, making this the first location outside Europe where we’ll be offering this product.” - Nilan Peiris, Chief Product Officer, Wise.

Assets gives Wise business and personal customers control over how their money is held, and potentially earn a return on their money in >50 currencies.

Unlike money held in traditional investment accounts, Assets gives customers access to the majority of their money, meaning they can hold their balance in Assets, and still spend and send the money when they need it.

PSA: Beware of illegal activities

Keep your account safe. Never facilitate fraud and money laundering by being a money mule.

  • Stay away from deals offering to purchase your account.
  • Never let someone else access or watch you access your account.
  • Don’t make payments on behalf of another person.
  • Never share login details of your account with someone else.
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