Transferwise can be used for business purposes. Small and large business’ can use their services to save a fortune on international money transfers compared to the big banks.
Many small business’ need these type of bank beating services as it is becoming more and more common to source labour, services and products overseas. You can save up to 85% compared to the big banks.
For compliance reasons TransferWise insists that your bank account used to upload money and your TransferWise account have the same named details.
It’s possible to use the same TransferWise account for both your personal and your business needs. After signing up, navigate to your Account Settings. Within here you will see that you can add both personal and business details.
In Step 2 of the 4 Step transfer process, notice that you can select “Send As Business” check box.
To learn more about how to use TransferWise for business, read this TransferWise article.
And that’s it! It’s that easy..
Sign up here to get £15 free transfer credit!
Read more about this service in my TransferWise Review.