TRANSFERWISE — Wise Bank Charge Explained

TRANSFERWISE on your bank statement is a transaction descriptor for Wise, a finance company. Wise (formerly TransferWise) is an international money-transfer and multi-currency account service known for low, transparent fees. A charge is usually a transfer plus its small fee, a currency conversion, or a Wise card purchase.

What Is the TRANSFERWISE Charge?

TRANSFERWISE is a transaction descriptor for Wise, a finance company.

Wise (formerly TransferWise) is an international money-transfer and multi-currency account service known for low, transparent fees. A charge is usually a transfer plus its small fee, a currency conversion, or a Wise card purchase. It typically appears as WISE or TRANSFERWISE on your statement.

This code appears on your bank statement because banks display a short payment reference — set by the merchant's payment processor — rather than the company's full trading name. The code TRANSFERWISE is the official identifier that Wise registered with Visa or Mastercard.

Is the TRANSFERWISE Charge Legitimate?

A charge from this merchant may relate to a purchase, subscription, trial or another transaction. Only you and your bank can confirm whether a payment was authorised. It may help to check your email for a receipt, or log into your Wise account to review recent activity.

How Do I Cancel or Dispute a TRANSFERWISE Charge?

  1. Identify the charge: Confirm the charge is from Wise by checking your email for a receipt or logging into your account on their website.
  2. Cancel your subscription: If you no longer want the service, log in to Wise and cancel your subscription through account settings before the next billing date.
  3. Contact the merchant: If you do not recognise this entry, contact your bank or card issuer and ask them to confirm the transaction and merchant details. Only you and your bank can confirm whether a payment was authorised.
  4. Contact your bank: If the merchant does not resolve the issue, contact your bank or card issuer using the number on the back of your card. They can explain what options may be available and what information they need.

What Other Names Does Wise Use on Bank Statements?

Wise may also appear on your statement as:

Frequently Asked Questions About TRANSFERWISE

What is TRANSFERWISE on my bank statement?

TRANSFERWISE is a bank statement transaction code for Wise, a finance company. Wise (formerly TransferWise) is an international money-transfer and multi-currency account service known for low, transparent fees. A charge is usually a transfer plus its small fee, a currency conversion, or a Wise card purchase. It typically appears as WISE or TRANSFERWISE on your statement. This descriptor appears because banks display a shortened payment code instead of the full company name.

Is TRANSFERWISE a scam?

A charge from this merchant may relate to a purchase, subscription, trial or another transaction. Only you and your bank can confirm whether a payment was authorised. It may help to check your email for a receipt, or log into your Wise account to review recent activity.

Why is TRANSFERWISE on my bank statement?

TRANSFERWISE appears on your statement because Wise processed a payment through their card payment provider. The code is set by their payment processor and is the official descriptor registered with Visa or Mastercard. Common reasons include a subscription renewal, a one-off purchase, or a trial period that has converted to a paid plan.

How do I cancel TRANSFERWISE?

If you do not recognise this entry, contact your bank or card issuer and ask them to confirm the transaction and merchant details. Only you and your bank can confirm whether a payment was authorised.

How do I get a refund for a TRANSFERWISE charge?

If you cannot resolve this with the merchant, contact your bank or card issuer. They can explain what options may be available for this type of payment and whether any time limits apply.

For more information about Wise and all its known transaction codes, visit the Wise merchant page.