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Is Wise (TransferWise) a Scam?

wise.comLegitimate Business
Risk Assessment
15%Risk Score
Low Risk

Summary

Wise is a legitimate, publicly-traded international money transfer service (LON: WISE). Formerly TransferWise, it offers low-cost international transfers used by millions.

Wise is NOT a scam. It is a legitimate, publicly-traded money transfer service. Much cheaper than traditional banks for international transfers.

Company Information

Parent Company
Wise plc
Founded
2011
Headquarters
London, UK
Stock
LSE: WISE
Employees
5,000+

Trust Indicators

  • Publicly traded on London Stock Exchange[source]
  • Licensed by FCA (UK), FinCEN (US), etc.[source]
  • Serves 16+ million customers[source]
  • Transparent fee structure[source]
  • Real exchange rate (mid-market)[source]

Concerns

  • Account verification can be lengthylow[source]
  • Some transfers take several dayslow[source]
BBB Rating
A+
Trustpilot
4.3/5
BBB Complaints
300

💡 Recommendations

  • 1.Great for international transfers at real exchange rates
  • 2.Verify recipient details carefully
  • 3.Use for regular transfers, not urgent emergency situations
  • 4.Check total cost including fees before sending

📚 Sources

Wise Investor RelationsLondon Stock ExchangeWise Regulation InfoBBB Business ProfileTrustpilot Reviews
Last updated: 2026-01-22

Disclaimer: This analysis is for informational purposes only. Information may be incomplete, outdated, or inaccurate. Our assessments should not be the sole basis for financial, legal, or personal decisions. Always conduct your own research and due diligence.