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Borderless EUR balance

Meet the borderless account!

One account to send money, receive money, and spend around the world. Bye bye bank fees, hello world.

  • Send money for less.
  • Receive money for free.
  • Convert currencies with low fees.
  • Spend at the real exchange rate.

Discover more

Send money for less.

Send money and make international payments with the real exchange rate in over 70 countries – for up to 9x cheaper than PayPal.

Send money directly from your own debit card or bank, or make payments from your account balance. Your recipient doesn't need a TransferWise account to receive their money.

Receive money for free.

Your borderless account comes with international bank details to receive money from around the world for free. That means you'll get:

  • Australian account number and BSB code
  • British account number and sort code
  • European IBAN
  • US account number and routing number
  • New Zealand account number

So anyone in Australia, the UK, the US, New Zealand and any country in the Eurozone can pay the local currency directly into your borderless account, and no-one pays any fees.

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Convert currencies with low fees.

You can hold 40+ currencies in your TransferWise borderless account and convert them in seconds – on the move, in the moment, or when the rate is right.

You'll always get the real exchange rate and the low, transparent fees we're known for.

See all currencies

Spend at the real exchange rate.

Spend the currencies in your account anywhere in the world with the TransferWise debit Mastercard®. Get low conversion fees, and zero transaction fees.

  • Free to pay with currencies in your account
  • Free ATM withdrawals up to £200 per 30 days
  • Only pay a small conversion fee when you convert your money — typically between 0.35% and 2%
  • Automatically convert your money at the real exchange rate
  • Accepted anywhere in the world that accepts Mastercard

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Up to 8x cheaper than high street banks

We asked an independent research agency to compare the borderless account to 21 banks worldwide. Here's how we compare to UK current accounts for managing your money in Europe.

Compare the costs

Monthly account fees
TransferWise Free
Barclays Free
Lloyds Free
Santander Free
HSBC Free
Send £250 to EUR
TransferWise £1.77
Barclays £6.89
Lloyds £17.55
Santander £22.50
HSBC £13.71
Spend £250 on debit card in EUR
TransferWise 81p
Barclays £14.72
Lloyds £16.42
Santander £15.97
HSBC £14.72
Withdraw £250 / month cash in EUR
TransferWise £1.81
Barclays £16.22
Lloyds £17.42
Santander £18.83
HSBC £20.20

Data collected by an independent research agency.

 

I use it to pay my son’s tuition fees, my mortgage and spending abroad.

Gavin, father & business-owner

Get your borderless account

TransferWise financial regulation

TransferWise is an authorised Electronic Money Institution independently regulated by the Financial Conduct Authority (FCA) in the UK.

The TransferWise debit Mastercard® is issued by TransferWise Ltd under license by Mastercard International Inc. Mastercard is a registered trademark, and the circles design on the card is a trademark of Mastercard International Incorporated.

FAQs

It's free to set up your borderless account.

It's free to get your international bank details and free to receive money using those bank details.

There's a cheap, transparent fee to convert between currencies - either in your account or if you spend on your TransferWise debit Mastercard® in a currency you don't have in your account.

When you convert money in your account it's always with the real exchange rate, and you always see our low, transparent fee up front so there's never any surprises. And if you spend on your debit Mastercard in a currency you don't have, it autoconverts the balance with the lowest fee, so you never have to worry.

Read more about pricing

We never inflate the exchange rate. You only pay a cheap, upfront fee to convert currencies. It depends on the currencies you're converting, but here are a few examples:

  • from GBP to EUR 0.35%
  • from GBP to INR 0.55%
  • from EUR to GBP 0.3%
  • from EUR to USD 0.35%
  • from USD to GBP 0.6%
  • from USD to EUR 0.6%
  • from AUD to GBP 0.5%
  • from AUD to USD 0.45%

You'll always see these fees upfront in your account, so there are no nasty surprises. And you're guaranteed the mid-market exchange rate — like the one you see on Google.

See conversion fees for all 96 currencies supported by TransferWise

There's a small fixed fee of 50p / €0.60 to withdraw funds from your borderless account to another account in the same currency.

This is the lowest we can charge to cover costs, and we're committed to getting the fee down over time.

See same currency transfer fee by currency

TransferWise is an authorised Electronic Money Institution independently regulated by the Financial Conduct Authority (FCA) in the UK.

This means we're required by law to keep your money safe by storing it in a low-risk financial institution - in Europe this is in our UK account with Barclays, in the US this is in our US account with Wells Fargo.

These accounts are reserved for customer money, this means your money is kept in a separate account from the money we use to run the business.

In the unlikely event TransferWise ceased to exist, your money would be paid back from this account, ie from Barclays or Wells Fargo, however it is not covered by the Financial Services Compensation Scheme (FSCS) and therefore is deposited at your own risk. You also cannot earn interest on the money in your borderless account.

Millions of customers trust TransferWise with their money. We move over £1 billion every month, and we take the safety and security of your money seriously.

The TransferWise debit Mastercard is issued by TransferWise Ltd under license by Mastercard International Inc. Mastercard is a registered trademark, and the circles design on the card is a trademark of Mastercard International Incorporated. TransferWise is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011, Firm Reference 900507, for the issuing of electronic money.

Bye bye bank fees, hello world.

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