I've used Transferwise now for both personal and b...

I've used Transferwise now for both personal and business use and have been impressed with their efficient service. The business model makes a lot of sense particularly as foreign exchange is one area where traditional banks and most credit cards make a lot of easy money out of confused customers.

The web site is remarkably easy to use and genuinely well designed. There's some simple integration with email for notifications.

The only minor issue I have with their web site is how they allow and encourage an account to have personal and business use together. This feels like a feature that's come from a world of freelancers but it's one that would be useful to disable (in settings) for larger businesses or ones that want a cleaner segregation to avoid errors or confusion.

Transferwise falls under the authorised rather than lower tier registered regime at the FCA which is reassuring. There's a good summary of all of this on Martin Lewis's excellent MoneySavingExpert site.