Offer Summary
About Wise
Wise (formerly TransferWise) is a money transfer service and multi-currency account, regulated and licensed by the Financial Conduct Authority (FRN 900507). You can use it to send money in 50+ currencies at the real mid-market exchange rate plus a flat percentage fee, with no hidden mark-up. And Wise also offers a UK current account and debit card that allows fee-free foreign currency transactions when you travel or shop online.
Sign Up Bonus Details
New Wise customers get a fee-free transfer up to £500 when they sign up through this link. The fee waiver applies to your first transfer; after that, you pay Wise's standard percentage fee on subsequent transfers - typically a fraction of what high-street banks charge.
Wise pays at the real mid-market exchange rate (the same one you see on Google), so there's no hidden currency mark-up on top of the visible fee. The free transfer offer covers Wise's fees, not external costs like third-party taxes.
To qualify for the fee waiver, you need to be new to Wise and complete identity verification with a passport or driving licence.
How to get your bonus
Step 1
Click through to Wise via my link, the fee waiver is applied automatically when you arrive.
Step 2
Verify your identity with a passport or driving licence (Wise is FCA-regulated, so this is required before any transfer).
Step 3
Send your first transfer of any amount up to £500. The standard Wise fee is waived.
Step 4
Keep using Wise for later transfers at the standard rate, which is usually far below what high-street banks charge.
Refer a Friend Bonus
Once you have a Wise account, you can refer your own friends. For each friend who signs up through your link and makes a qualifying first transfer, Wise pays you £15. You can earn up to £75 this way, so five friends in total. Your friend gets the same fee-free first transfer that you did. Your referral link is in the Wise app under Invite friends.
Referrer reward: £15
Referee reward: Fee-free transfer up to £500
Max referrals: 5 friends
Important Information
Eligibility: UK residents, 18+, new customers only unless stated.
Max referrals: 5 per referrer
FCA regulated: Yes (FRN: 900507)
Full T&Cs: Wise's offer terms →
Frequently Asked Questions
A fee-free transfer up to £500 on your first transfer. The fee waiver covers Wise's own percentage fee for that one transfer. After your first transfer, you pay Wise's standard fee on subsequent transfers - usually a fraction of what high-street banks charge for the same currency conversion.
Wise doesn't add a hidden margin on top of the exchange rate - everything is the real mid-market rate (same one Google shows) plus a visible percentage fee. The free-transfer offer covers that visible fee on transfers up to £500. Some third-party costs (e.g. tax payments) aren't covered.
Wise is regulated by the Financial Conduct Authority in the UK under FRN 900507 (you can verify on the FCA Register). Funds held in your Wise multi-currency account are safeguarded with established UK and EU banks, in line with FCA rules for e-money institutions. Wise is a publicly listed company on the London Stock Exchange with 16 million+ customers worldwide.
Hold and convert money in 50+ currencies at the real mid-market rate, receive money in your own GBP/EUR/USD/AUD account details (useful if you're paid in a foreign currency), and spend in any currency with the Wise card. Most UK customers use Wise for international transfers, travel money and shopping in foreign currencies.
The fee waiver applies up to £500 of transfer value. If your first transfer is for more than £500, the fee is waived on the first £500 and you pay the standard Wise fee on the portion above that threshold. To use the full benefit, send up to £500 on your first transfer.
You will be directed to the Wise website. T&Cs apply.
Advertiser Disclosure
Scrimpr may receive compensation when you click on links and sign up with featured partners. This does not influence my rankings or recommendations, which are based on independent research and analysis. All offers are verified before inclusion.
