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Wise Launches Auto Conversions, Increases Savings on Currency Exchanges
Wise, the global technology company building the best way to move money around the world, is making it even easier for consumers to know when exchange rates are at their lowest for ideal currency conversions with its latest innovation: Auto Conversions.
With this new feature, Wise customers can pick their desired exchange rate and a specified amount to convert between two eligible currencies in their Wise Account. By having the ability to control and set their desired rate, Wise Auto Conversions customers gained an additional £85 on average during the four month trial period.
Here’s how it works:
- You choose the currencies: Tell Wise which currencies you want to convert between.
- You control the rate: Tell Wise the desired exchange rate at which you’d like to convert.
- You pick the amount: Choose your amount of money to convert.
- Set it and forget it: Wise will keep watch and when your desired rate — or one that is better than your desired rate — is met in the market, Wise will convert your money. They’ll also send you a notification when your money converts, or if it fails for any reason.
This feature is an additional benefit for those who currently have a Wise Account, which is an electronic money account that allows users to hold, receive, send and spend money.
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