How the transfers work
How long it takes for the system to complete the transfer depends on what kind of transfer you make.
For a Low Cost transfer, it takes 1-3 working days from the point when Wise has the required funds in your account to getting the money in the recipient account.
That is, sending a transfer to another account requires you have the funds in the Wise account first. If you don’t have the funds there already, you will be instructed to transfer the funds via e.g. your local banking app or by logging into your bank account online. You send the money to Wise, which usually takes 1-2 working days. TransferWise is then able to process the transfer to the recipient account pretty quickly.
If you already have enough money in your Wise account to send the money, the processing time is significantly faster. So if you routinely need to send money, it might be a good idea to keep your account topped up with funds so you’re ready for faster transfers any time.
It is also possible to make a speedier transfer with a debit or credit card through their Fast & Easy transfer method. All you do is enter your card details or use your fingerprint with Apple Pay or Google Pay. This method is more expensive, fees of which depend on your card and more.