• long running

No Fees on Your First Transfer (up to A$1000) with Transferwise

330

Updating previous deal from 2017 (for those unaware), over the 6-month dupe exception rule.

Invite 3 friends and earn 145 AUD
When you recommend TransferWise to friends…
… they get a free international transfer of up to A$1000…
…and if they all transfer over A$300…
…you get A$145. Everybody wins!

Terms & Conditions

Forgot to use your friend’s invite link?
Add it here. We’ll give you a fee-free transfer, and your friend will be a step closer to their referral bonus.

  • Clarification on Title: Your first transfer is fee-free, with a $1000 AUD cap on the transfer. Subsequent transfers incur normal fees.

Referral Links

Referral: random (1412)

Referrer receives £50 for every 3 signups, who must all spend at least £200 each on qualifying payments. Referee receives a discount on their first transfer, or they receive a free physical card (Keep clicking the referral randomiser until you receive the offer you want).

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Comments

  • +1

    It is $90 bonus now - not $145
    https://transferwise.com/help/articles/2487043/how-does-the-…

    Not sure about free $1000, haven't ever hear of it. It is just "Referee receives one free transfer", as far as I know.

    • +1

      Hmm not sure why the discrepancy in pages. When you log-in shows 145 on the left sidebar, click it and that's where I got the info.

    • +1

      Some people get $90, some get $145, it seems random. I questioned their support about it 6 months ago and they said that they were trialling a new rewards system, were very tight lipped about it and wouldn't consider raising my referral bonus to $145.

      Mine is $90, I referred my wife and hers is $145.

      Shrug

  • +1

    They don't clarify it but it's for your first transfer only - ie you can't do multiple small transfers.

    Title now states this. (If this has changed someone report stating it so it can be updated to reflect it, but as of a few months back this was the case)

  • -3

    Their rates are not that good…

    • +2

      what has better rates? AFAIK theirs are the best.

      • try worldremit

        • +1

          Seemed much worse whenever I tried it.

      • +1

        Depends on the market (currency pair). Revolut has really good rates - better than TransferWise in my experience

      • Instarem might be another option.

    • +3

      What would you suggest? I've compared transferwise with others several times in the past few years and they've been the cheapest or only slightly more expensive than the cheapest.

    • +1

      Actually they are pretty great. Do you have any better alternative? I doubt it.

  • +2

    Absolute must for Turkish netflix

  • +3

    We use transfer wise all the time for UK <> Aus and it works a treat without costing hardly anything.

    Would recommend.

  • +1

    Yep I can recommend this from experience. I employ a few photos editors in the Philippines and was previously using PayPal. This is so much cheaper.

  • Do we need to upload our driving license for id verification?

    • I don't recall uploading anything.

      • Thanks
        Do we need to use our legal name when applying?

        • +4

          You will need to provide your license scan.

          They aren't going to let you sign up with a fake name and money launder.

        • My bad, I blitzed through and signed up a bunch of FX services last week.

          On my first TW transfer it might've asked for DL midway during the steps.

    • +1

      You will have to provide ID once transfers get over a certain value for anti money laundering purposes.

  • For larger transfers they require you to validate the account is yours by uploading a bank statement (section of it) with your name and account number. Otherwise, it has been pretty easy and the exch rate (mid-market rate) is pretty decent.

  • Far better rate than PayPal and much much faster than any major AU banks. There are some similar services available such as airwallex etc. but I can say that Transferwise is the best so far from my experience using their services in the past several years.

  • +1

    I always check with https://mozo.com.au/international-money-transfer and then compare the first three or four direct to get the best transfers. Last time worldremit was better than transferwise.

  • Hi all. isn't the referral link https://transferwise.com/invite/aed/…, not …/u/…?

  • Can anyone DM their referral link? I tried using the OzB link & copied it over but couldn't apply it to my account.

  • Same here - anyone want to DM me their referral link? Only noticed there was a referral after signup.

    • You need to allow direct messages first. Please DM me otherwise.

  • +1

    Can anyone DM their referral link?

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