TransferWise for Banks has launched in Australia

2 minute read

Financial institutions of all sizes can now integrate with TransferWise and offer their customers cheaper, faster international transfers right from their own online banking or app.

Today is an exciting step towards modernizing international banking in Australia.

We’ve brought TransferWise for Banks down under, meaning that financial institutions of all sizes can now integrate with TransferWise and offer their customers cheaper, faster, transparent payments to 70+ countries and 40+ currencies. Right from their online banking or app.

Our first partnership in Australia is with the digital bank Up, who integrated with TransferWise to let their customers send money abroad directly from their account.

What’s TransferWise for Banks?

TransferWise for Banks lets financial institutions integrate with the TransferWise API so their customers can make international transfers at the same price and speed as TransferWise's own 6 million customers. All transfers are sent using the real, mid-market exchange rate and cost only a small, upfront fee.

Our costs are up to 8x cheaper than what traditional banks are charging for international wires. So by tapping into our API, our partner banks can help more people access better, fairer international bank transfers. Get in touch with our team to learn more.

We’ve already launched in Europe, the UK, and the US.

In addition to Up in Australia, we've partnered with Novo and Stanford Financial Credit Union in the US, Monzo in the UK, Bunq in the Netherlands, LHV in Estonia, and N26 in Germany, and are working with BPCE in France.

We’re setting a new standard for sending money abroad and we look forward to welcoming many more partnerships over the next 12 months.

Email our team to learn more, or start your custom integration.

Check out our website for more information.

TransferWise is the smart, new way to send money abroad.

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