Wise Referral Code and Sign Up Bonus 2024: Send $800 Free

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Written by SnappyRates Team

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Wise is one of the best services for cheap global money transfers. Because it uses the ‘real’ exchange rates, you get the best value for your money and don’t have to worry as much about fees eating up your transfer amount.

Formerly known as TransferWise, the company has more than 13 million customers worldwide.

When you send your first money transfer using our Wise referral link or a valid Wise referral code, you don’t pay transfer fees on up to $800 or $600 USD sent.

While subsequent transfers include a fee, you can continue to earn rewards through the Wise referral program, which pays $115 CAD for every 3 friends you refer.

Wise Referral Code and Free Money Transfer

Take advantage of free money transfer on your first transfer abroad using Wise.

To get the offer, click on our Wise referral link and proceed to create an account. The promo code is automatically applied, and you pay $0 in fees on your first transfer of $800 CAD or whatever the equivalent of £500 is in the currency you are sending.

Claim Offer (Send up to $800 CAD free).

Wise Referral Bonus ($115 CAD)

The Wise referral program has one of the best refer-a-friend bonuses for money transfer companies.

In addition to getting your first transfer free of charge, you can also share your Wise referral link with friends and family.

When they join using your invite link, their first transfer of up to $800 CAD is free. For every 3 friends that join and send $300 or more, you earn a $115 CAD bonus!

wise referral code promotion

If your friend sends less than $300 CAD, or equivalent in one go, they still get a free transfer, but they won’t count towards your eligible referrals.

If a referral did not use your unique link during sign-up, they can still add your link by clicking on the “Forgot to use an invite link” phrase in the “Invite and Earn” section of their dashboard within 30 days of signing up.

What is Wise (Formerly TransferWise)?

Wise is an international money transfer platform that is up to 6x cheaper than using a traditional bank.

You can use it to send money to more than 80 countries using 53 currencies.

It is often cheaper than other companies like Remitly or WorldRemit because it uses “mid-market” exchange rates which do not include expensive markups.

How Wise Money Transfer Works

Sign up for Wise here (includes the best Wise promotion available).

After creating your account, you can easily verify your identity if required.

You can then send money to a recipient by following these steps:

  • Enter the amount you want to send and select the currency, e.g. CAD
  • Select your payment methods such as debit card, credit card, wire transfer, or bill payment
  • You can view the fees at this point and confirm the fee discount if applicable
  • Provide the bank payment details for the recipient
  • Fund your transfer and complete the transaction

Currency exchange rates are usually guaranteed for up to 48 hours. Wise also shows you how much you are saving compared to using a bank.

Wise Multi-Currency Account and Debit Card

Wise offers a multi-currency account that supports 53 currencies.

Formerly known as the “Borderless Account,” the multi-currency account includes banking details for 10 currencies (countries), including the Canadian dollar, British Pound, Euro, US dollar, Australian dollar, New Zealand dollar, Singaporean dollar, Turkish Lira, Hungarian forint and Romanian lei.

You can hold 50+ currencies and avoid paying FX fees when you make transfers using these currencies.

Wise customers can also apply for a Wise debit card that allows them to spend multiple currencies abroad.


The transfer fees you pay on Wise vary depending on the currency and the method of payment.

You can receive money free of charge in the multi-currency account; however, for USD wire payments, there is a $4.14 USD fee.

Is Wise Safe?

Yes, Wise is safe. The company is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Service Business (MSB).

It is also regulated and registered in all other countries it operates in.

Looking at its ratings on TrustPilot, it scores a remarkable 4.6/5.

Pros of Wise

Some of the benefits of Wise (TransferWise) include:

  • Cheap international money transfer
  • It uses the real exchange rate
  • Offers a Mastercard debit card
  • Provides access to a multi-currency account
  • Available in over 80 countries
  • Fast transfers

Cons of Wise

Downsides of Wise include:

  • Some countries are not yet supported
  • Not the fastest money transfer option
  • You can only transfer funds to a bank account or mobile wallet

Visit Wise (Get first transfer free).

TransferWise Referral FAQs

Can I get a discount on Wise?

Yes, when you send your first transfer via Wise using this referral link, you get a discount on the transfer fee.

What is the best Wise promo code?

The best Wise promotion offers free transfer on your first money transfer up to $800. Use the link above to take advantage of the offer.

Is Wise legit?

Yes, Wise is a legit company with more than 13 million customers.

How do I use a referral on TransferWise?

Simply click on a valid referral link to get a fee discount when you send your first transfer.

How does Wise refer a friend work?

You can share your unique Wise referral link with friends. When they join and send $300 to $800 CAD or its equivalent, you earn up to $115 CAD for every 3 eligible friends.


Bonuses & Deals for May

Get a free chequing account with unlimited transactions & $400 bonus cash.

Earn up to 5% cashback with a free prepaid card, get 5% savings interest on your balance, plus a $20 bonus when you make your first purchase!

No current offers for this category.

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SnappyRates Team

The SnappyRates Team comprises personal finance writers who have reviewed and personally tested hundreds of financial products in the Canadian space. With over 20 years of combined experience to draw from and expertise in all things credit cards, banking, insurance, and mortgages, our goal is to provide you with the most comprehensive guides and resources to help you on your financial journey.

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  • Earn 5.90% interest rate* on every dollar.
  • One of the best savings rates in Canada.
  • Access to free unlimited chequing account with $400 bonus.
*Terms and conditions apply. Limited time offer.
  • Earn 6.00% interest rate* on every dollar.
  • One of the best savings rates in Canada.
  • Access to free unlimited chequing account with $400 bonus.
*Terms and conditions apply. Limited time offer.