Automated Currency Transfer System

This workflow is ideal for:

• Freelancers who need to make quick and efficient international payments.
• Small business owners looking to manage their finances with minimal manual intervention.
• Accountants who handle multiple transactions and require a streamlined process for transferring funds.
• Non-profit organizations that often make donations or contributions across borders and need to track these transactions easily.

This workflow addresses the challenge of automating international money transfers using Wise. It simplifies the process by allowing users to:

• Quickly create a quote for the transfer amount of €500.
• Automatically create and execute the transfer with a custom reference message, reducing the need for manual entry and potential errors.
• Ensure funds are transferred efficiently without the hassle of tracking each step manually.

The workflow consists of 4 main steps:

1. Create a Quote: Initiates the process by creating a quote for €500 from EUR to EUR using the Wise API, linked to a specific profile and target account.
2. Create a Transfer: Once the quote is generated, it automatically creates a transfer using the quote ID, specifying the target account and adding a reference message: Thank you for the contribution.
3. Execute the Transfer: This step executes the transfer using the transfer ID obtained from the previous step, ensuring that the funds are dispatched as intended.
4. Retrieve Transfer Status: Finally, it retrieves the status of the transfer to confirm its successful execution, providing users with peace of mind regarding their transaction.