In today’s digital world, sending money online is faster and easier than ever — but if you’re worried about security, you’re not alone.
Many expats and international workers still ask:
👉 “Is it safe to send money abroad online?”
The short answer is yes — but only if you choose the right provider.
Let’s dive into how online transfers work, how safe they really are, and what you should look for to protect your money when transferring funds internationally.
Trusted providers use bank-level encryption (often 256-bit SSL) to keep your data and transactions secure. Many also use two-factor authentication (2FA) for added protection — requiring a code or device confirmation before login or transfer.
Reputable platforms like Wise are regulated by financial authorities across the globe, including:
FCA in the UK (Financial Conduct Authority)
FinCEN in the USA
AUSTRAC in Australia
Other regional banking and anti-money laundering authorities
These licenses mean providers must follow strict rules to protect your money and privacy.
Wise is one of the most trusted platforms for international transfers, used by 16+ million people worldwide. Here’s how it keeps your funds secure:
Wise doesn’t lend or invest your money. Instead, customer funds are held in segregated accounts — completely separate from the company’s operations.
Every transaction is tracked, and you receive updates at each stage of your transfer. No guessing. No delays.
Wise monitors for suspicious activity in real-time and can freeze accounts or block transactions if fraud is suspected.
Not all services offer the same level of security. Some red flags include:
No visible license or regulatory info
Lack of encryption (http instead of https)
No user reviews or reputation online
Unclear or inflated fees
No support channels or contact options
If a service seems too good to be true — it probably is.
Only use regulated services like Wise, Revolut, or WorldRemit
Double-check recipient details before sending
Never share your password or verification codes
Set up 2FA and alerts wherever available
Avoid using public Wi-Fi for financial transactions
Not with the right provider. Encrypted platforms and account protections like 2FA make this extremely unlikely.
Not necessarily. While banks are secure, they often lack real-time tracking and transparency, which can leave you guessing if something goes wrong.
Trusted platforms like Wise offer customer support and refund processes. They also work with authorities to resolve fraud or technical issues quickly.
Online money transfers are no longer risky — as long as you use a secure, regulated, and transparent service.
Wise is trusted by millions for good reason:
Licensed and regulated
Transparent pricing
Bank-level protection and beyond
So whether you're paying rent in Spain, sending support to family, or managing freelance income — you can rest easy knowing your funds are in safe hands.
✅ Send Money Safely with Wise
✅ Check Your Transfer Route
✅ Open a Secure Multi-Currency Account
At 247 Expat Insurance, we understand the challenges of living and managing finances abroad. From international money transfers to expat health coverage, our mission is to make your life simpler, safer, and more affordable.
We carefully research and recommend tools that help expats like you save money and avoid unnecessary fees — wherever life takes you.
Looking for more tips and trusted services?
👉 Explore our expat guides and tools to make the most of your journey.