A multi-currency account 7x cheaper than the banks.
Spend in any currency, receive money for free and send money around the world with your own foreign currency account — on average 7x cheaper than leading Australian banks.
Compare TransferWise to Australian banks.
An independent researcher compared TransferWise to the banks in Australia. They found that we're up to 7x cheaper for sending, spending and withdrawing money abroad. That's what's up.
Compare the costs
| Monthly account fees | |
|---|---|
|
Free |
|
$5 |
|
$4 |
|
$0 |
|
$0 |
| Send $250 to USD | |
|
|
$3.05 |
|
|
$9.05 |
|
|
$19.20 |
|
|
N/A |
|
|
$4.46 |
| Spend $250 on debit card in USD | |
|
|
$1.18 |
|
|
$7.50 |
|
|
$7.50 |
|
|
$6.25 |
|
|
$6.25 |
| Withdraw $250 cash / month in USD | |
|
|
$0 |
|
|
$12.50 |
|
|
$12.50 |
|
|
$2.50 |
|
|
$6.25 |
What is the TransferWise foreign currency account?
Send money around the world, and avoid the unfair exchange rates set by banks. With TransferWise, you’ll always get a great deal.
Get paid with your own bank details. Anyone can use them to pay you like a local. You can hold more than 50 currencies at once, and convert between them in seconds.
And with your own debit Mastercard®, you can spend in the local currency — wherever you are. It's accepted anywhere that takes Mastercard.
Join millions who get a great exchange rate, and the low fees we’re known for.
Your easy alternative to a bank account abroad.
- Hold and switch between multiple currencies in seconds with low, transparent fees. Find currencies >
Convert 50+ currencies
- Sign up and get verified online — without a local address or visiting a branch. Sign up now >
Open an account in seconds
Get your free Platinum debit Mastercard®.
- Plus no annual fees and low currency conversion fees. Our calculator >
Zero foreign transaction fees
- Add and convert money, get instant notifications, and freeze or unfreeze your card anytime. Download app >
Easy-to-use app
Shop online for less.
- Check out other Mastercard® deals you can enjoy with your card. Get more deals >
More deals & privileges
Transparent pricing, always.
With the TransferWise account, you'll always get the real exchange rate. You only pay a small fee to convert currencies in your account.
It’s free to create a TransferWise account, and there are never any monthly fees or minimum balances to worry about.
The perfect account for your international lifestyle.
Manage your international money at the real exchange rate, right from your phone. And you’ll get international bank details to receive multiple currencies for free, including:
- Australian account number and BSB code
- British account number and sort code
- European IBAN
- New Zealand account number
- US account number and routing number
Coverage.
Get local bank details.
These currencies come with your very own bank details. Anyone can use these to pay you just like they'd pay a local.
British Pound
Get your own Account Number and Sort Code.
Euro
Get your own SWIFT/BIC and IBAN details.
US Dollar
Get your own Routing (ABA) and Account Number.
Australian Dollar
Get your own BSB Code and Account Number.
New Zealand Dollar
Get your own Account Number.
Hungarian Forint
Get your own Account Number.
Romanian Leu
Get your own SWIFT/BIC and IBAN details.
Singapore Dollar
Get your own Account Number.
Hold & manage money.
You can hold and manage money in more than 50 currencies. This lets you avoid exchange rate movements and prep for future transfers.
Australian Dollar
Argentine Peso
Botswana Pula
Chinese Yuan
Ghanaian Cedi
South Korean Won
Malaysian Ringgit
Send money to 80+ countries.
You can use money in your multi-currency account to send to any of the currencies on TransferWise.
United Arab Emirates Dirham
Argentine Peso
Australian Dollar
Bangladeshi Taka
Bulgarian Lev
Brazilian Real
Botswana Pula
Canadian Dollar
Swiss Franc
Chilean Peso
Chinese Yuan
Costa Rican Colón
Czech Koruna
Danish Krone
Egyptian Pound
Euro
British Pound
Georgian Lari
Ghanaian Cedi
Hong Kong Dollar
Croatian Kuna
Hungarian Forint
Indonesian Rupiah
Israeli Shekel
Indian Rupee
Japanese Yen
Kenyan Shilling
South Korean Won
Sri Lankan Rupee
Moroccan Dirham
Mexican Peso
Malaysian Ringgit
Norwegian Krone
Nigerian Naira
Nepalese Rupee
New Zealand Dollar
Peruvian Sol
Philippine Peso
Pakistani Rupee
Polish Zloty
Romanian Leu
Russian Ruble
Swedish Krona
Singapore Dollar
Thai Baht
Turkish Lira
Tanzanian Shilling
Ukrainian Hryvnia
Ugandan Shilling
Uruguayan Peso
US Dollar
Vietnamese Dong
West African CFA Franc
South African Rand
Zambian kwacha
FAQs
If you already have a TransferWise account, just log in to order your card online or in the app. If you don’t have an account, it’s free and easy to get started. We'll ask you for some basic information to verify your account. Once you are verified, complete your card order and we will update you as soon as your card is on its way.
You can spend on your TransferWise Platinum debit Mastercard® around the world. Use instore, online and withdraw local currency at millions of locations, everywhere Mastercard is accepted.
You can hold and manage money in your TransferWise account in 50+ currencies for free. And convert between them whenever you want. You can use the money in your account to spend and send in multiple currencies. See a list of currencies we support here.
Apple Pay, Google Pay and Samsung Pay coming soon.
It's free to set up your account.
It's free to get your international bank details, free to receive money using those bank details, and free to spend on your card abroad.
There's a cheap, transparent fee to convert between currencies. You'll always see this upfront, so there's no nasty surprises.
If you have a currency in your account, it's free to spend on your card in that currency.
You can convert between currencies in your account in seconds. You’ll always get the mid-market rate, like you see on Google. If you spend in a currency you don’t hold a balance in, our smart tech automatically converts your money at the best price. So you never have to worry.
We do charge a small, upfront fee to convert money between currencies in your account. It depends on the currencies you're converting, but here are a few examples:
- from AUD to GBP 0.47%
- from AUD to USD 0.47%
- from EUR to USD 0.41%
- from USD to GBP 0.45%
- from USD to EUR 0.45%
You'll always see these fees upfront, so there are no nasty surprises. And you're guaranteed the mid-market exchange rate — like the one you see on Google.
TransferWise Ltd is a designated remittance provider registered with the Australian Transaction Reports and Analysis Centre ("AUSTRAC") IND100428576-001. We’re regulated by the Australian Securities and Investments Commission (ASIC), Australia Financial Services Licence (AFSL) number 456295.
All money in your TransferWise Borderless Account is stored and safeguarded securely in our bank accounts in Australia, the UK or USA depending on the country of residence in your profile.
Over 9 million customers have trusted us to move their money around the world. We move more than US$6 billion every month at TransferWise - and we take the safety and security of your money seriously.
Once you have signed up for the debit card in your TransferWise account, the card will be sent to your registered address within 3-7 business days.
Sorry, we don't ship overseas right now. Currently, we only ship to address provided by you at the time of card sign-up. If you'd like to update your card mailing address, please get in touch with our support team.
Once you've got your card, you'll need to activate it before you can use it. To activate your card:
Go to your TransferWise account. If you're on the website, go to Debit card. If you're on the app, go to Account, then click the card icon at the top of the screen.
Enter the 6-digit code that's on the card below your name.
Now your card is activated, you'll be able to make payments.
To activate contactless, buy something with chip or PIN and select "credit" on the terminal.
To keep your money safe, you’ll need a four-digit PIN to withdraw cash at ATMs and to make chip and PIN payments using your TransferWise card.
When you activate your TransferWise card, we’ll share your PIN with you. If you forget it, you can always check it in the TransferWise app. We do not support PIN change at the moment - don't worry, your PIN is safe and only you have access to it.
When withdrawing cash from an ATM, please always select the "credit" option on the ATM screen. The money will be withdrawn from your TransferWise account. You can use the TransferWise card at all ATMs with Mastercard®, Maestro or Cirrus logo.
