TransferWise’s next chapter starts today, and it’s bright green

09.01.18
2 minute read

Today we’re excited to announce we’ve kicked off the private launch phase of our borderless account and debit Mastercard. Time to say bye bye to crazy bank fees for good.

We invented TransferWise to fix a big, broken, and greedy part of the banking system. Our mission was to make moving money around the world instant, convenient, fair, and eventually free.

Today, we're taking the next big step towards achieving our mission — we’re launching borderless accounts with debit cards for everyone.

Here are a few FAQs about what’s happening.

What’s a borderless account?

It’s a new kind of account, designed for people living international lives. It lets you pay, get paid, and spend on your TransferWise debit card around the world. There are no hidden fees, and you’ll no longer need bank accounts in multiple countries.

We built it because getting a bank account abroad is difficult, time-consuming, and expensive. And that’s a problem for expats, freelancers, and people who live and work in more than one country.

How does a borderless account work?

The borderless account is the first truly multi-currency, multi-country account available to everyone.

You set up it up quickly and easily online, and once your account is verified, you get instant bank details for countries around the world.

That means you get:

  • UK account number and sort code
  • European IBAN
  • US account number, routing and wiring number
  • Australian account number and BSB number

These are your personal bank details. You can give them to friends, family, companies or customers in the UK, Europe, US and Oz to get paid in the local currency, directly into your borderless account, And best of all, no-one pays any fees.

How many currencies can the account hold?

You can keep up to 28 currencies in your account and convert them in seconds at the real exchange rate — like the one you see on Google. You just pay the low, transparent conversion fees that we’re known for, and you’ll always see these upfront.

Where can I use the debit card?

Anywhere in the world that accepts Mastercard!

Ready to get going? Get your free borderless account. And if you have any problems getting started, feel free to get in touch — we’re always happy to help.

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

Find out more