1. Sign up with Wise.

Enter your email address, and create a password. You can also sign up by connecting your Google or Facebook account.

2. Enter the amount you’d like to transfer, either the amount you want to send, or the amount you want your recipient to receive.

3. Enter the type of transfer you’re making - If you’re paying in from a personal bank account, it’s a Personal transfer.

4. Enter your address details (this is to comply with finance regulations)

5. Enter the details of who you’re sending money to.

Enter their bank details if you have them and send money directly to that account.

If you don’t have their bank details, just enter their email address.

If they’re on Wise, Wise will automatically find the account to receive money into.

If they’re not on Wise, your recipient will get sent an email asking for their bank details.

6. Review the details of your transfer.

Make sure everything looks right. You can add a reference for your recipient if you’d like.

7. Choose your transfer type and how to pay

Tip: It’s often cheapest to pay from your bank account. This means you’ll have to go to your online banking or your branch, and then send the money to Wise.

8. And that’s it!

After Wise receive your money, they confirm the transfer by sending you an email or in the app. They also let you and your recipient know when the money is on its way.

No. The money transfer service is provided by our friends at Wise, and Lagos Coworkers are merely offering a referral and recommendation of their service.

Please note that the links from this page to their site are affiliate links, and we earn a small referral commission if you purchase through those links, at no extra cost to you. Lagos Coworkers are not responsible for the delivery of the product, after-sales service, or any other part of the transaction after you click the link to leave this page.

We only recommend Wise to you because their service is incredibly helpful, reliable, and trustworthy, with constant fantastic reviews and happy customers, and we love the product and the service that they provide. Please let us know if you have any questions about our referral scheme.

Wise (recently renamed from TransferWise) is essentially an online account where you can send money between countries, get paid in other currencies, and spend abroad on their Wise debit card.

While using Wise is definitely one of the quicker ways to send money, exact transfer time can vary and ultimately depends on 4 things:

The countries you’re sending from and to

Every currency and country is different. Converting money can take a maximum of 2 working days, but rarely takes that long. And how quickly your transfer arrives depends on how fast your recipient’s bank can process the money, as well as the ways you can pay in the country you’re sending from.

Your payment method

Some payment methods are quicker than others. For instance, card payments are normally instant, while bank transfers can take longer. You’ll see how long each payment method takes when you set up your transfer.

The time of day you make your transfer

Wise only move money during normal banking hours. Transfers also take a little longer if the country you’re sending to has a national holiday (of which Portugal has a lot!)

And finally, security checks

Wise sometimes need to verify things like your ID or address when you make a transfer, to maximise the security and safety of your money. These additional checks can add a little time to your transfer.

Using Wise is often up to 3x cheaper than sending money through your bank, but the exact cost of a transfer varies and depends on three things — the amount you’re sending, how you pay, and the exchange rate.

Wise can transfer up to 50 currencies into Euros when you are sending money to Portugal, so chances are high that your home currency is supported.

Yes. Find out more here.