TransferWise solely charges 0.5%-1% fees for payment (depends on currency involved) and if you be a part of through My referer your 1st transfer is free, thus if you send five hundred (500) dollars to somebody he can get full money no fees. Note that transfer will take up to three days to reach the destination bank account.
How to use TransferWise?
1. visit TransferWise and create account.
2. Start the transfer process and enter the recipient's bank details.
3. Transfer cash to Transferwise local bank account via a bank transfer or pay with a credit card as you would shoping on-line
4. TransferWise will convert your cash at the mid-market rate.
5. You will get notified by email once the money arrives.
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