Transferwise Ltd -- Consumer Complaint Report & Risk Analysis
TransferWise Ltd Faces Significant Complaint Volume
Company Overview
Company: Transferwise Ltd
Total CFPB Complaints: 980
AI Risk Score: 370/100
Most Recent Complaint: 2024-12-31T12:00:00-05:00
Risk Breakdown
- Complaint Volume: medium
- Response Quality: fair
- Issue Recurrence: high
- Consumer Harm Severity: medium
AI Company Analysis
TransferWise Ltd has 370 consumer complaints on file with the CFPB. TransferWise Ltd received 370 complaints. The last complaint was logged on December 31, 2024.
Response Quality Assessment
fair
Top Consumer Issues
Account management and access issues are prominent. -- Severity: medium
Red Flags
- High complaint volume suggests potential systemic issues.
Green Flags
- The company is actively logging complaints, indicating a process for tracking issues.
Consumer Tips & Advice
Ensure you have clear documentation and understand the terms of service before closing any financial account.
Complaint Trend Analysis
There is a notable trend in complaints related to account management and access, particularly concerning digital wallets.
Regulatory History
No specific regulatory history provided for this complaint.
Industry Context
Money transfer services and digital financial products are increasingly common, leading to a rise in related customer service issues.
Frequently Asked Questions About Transferwise Ltd
How many CFPB complaints does TransferWise Ltd have?
TransferWise Ltd has 370 complaints on file with the CFPB. The most recent complaint was filed on December 31, 2024.
What is TransferWise Ltd's complaint response rate?
Response rate data is not yet available for TransferWise Ltd.
Does TransferWise Ltd respond to complaints on time?
Timely response data is not yet available for TransferWise Ltd.
Is TransferWise Ltd safe to do business with?
TransferWise Ltd Faces Significant Complaint Volume TransferWise Ltd has 370 CFPB complaints. Risk score: 370/100.
What red flags exist for TransferWise Ltd?
Potential red flags for TransferWise Ltd: High complaint volume suggests potential systemic issues.. These are based on analysis of CFPB complaint patterns.
What are TransferWise Ltd's strengths?
Positive indicators for TransferWise Ltd: The company is actively logging complaints, indicating a process for tracking issues..
What tips should consumers know about TransferWise Ltd?
Ensure you have clear documentation and understand the terms of service before closing any financial account.
Are complaints against TransferWise Ltd increasing or decreasing?
There is a notable trend in complaints related to account management and access, particularly concerning digital wallets. TransferWise Ltd currently has 370 total complaints.
Has TransferWise Ltd faced regulatory action?
No specific regulatory history provided for this complaint.
How does TransferWise Ltd compare to industry peers?
Money transfer services and digital financial products are increasingly common, leading to a rise in related customer service issues.
What is the average resolution time for complaints related to account access and management?
The average resolution time is not provided in the data. Further investigation into the timeliness of responses is needed.
Recent Complaints Against Transferwise Ltd
- Checking or savings account #20841483 -- Closing an account -- 2026-04-01T12:00:00-05:00
- Checking or savings account #20801077 -- Managing an account -- 2026-03-31T12:00:00-05:00
- Money transfer, virtual currency, or money service #11346194 -- Trouble accessing funds in your mobile or digital wallet -- 2024-12-31T12:00:00-05:00
Transferwise Ltd Complaints by State
- Transferwise Ltd Complaints in California
- Transferwise Ltd Complaints in Texas
- Transferwise Ltd Complaints in New York
- Transferwise Ltd Complaints in Florida
- Transferwise Ltd Complaints in Illinois
- Transferwise Ltd Complaints in Pennsylvania
- Transferwise Ltd Complaints in Ohio
- Transferwise Ltd Complaints in Georgia
- Transferwise Ltd Complaints in North Carolina
- Transferwise Ltd Complaints in New Jersey
Transferwise Ltd Complaints by Product
- Transferwise Ltd Checking or Savings Account Complaints
- Transferwise Ltd Credit Card Complaints
- Transferwise Ltd Mortgage Complaints
- Transferwise Ltd Student Loan Complaints
- Transferwise Ltd Vehicle Loan or Lease Complaints
- Transferwise Ltd Debt Collection Complaints
- Transferwise Ltd Credit Reporting Complaints
- Transferwise Ltd Money Transfer Complaints
- Transferwise Ltd Payday Loan Complaints
- Transferwise Ltd Prepaid Card Complaints
Disclaimer
This analysis is based on CFPB complaint data and AI interpretation.
About This Report
This consumer complaint report for Transferwise Ltd is generated by ReadTheComplaint using AI analysis of data from the CFPB.