We're not a bank – but you get the advantages of having a currency account in the countries where you do business. With no need for an overseas address.
Your multi-currency account comes with your own:
Give them to clients and receive euros, pounds, US and Australian dollars with zero fees. It's great for ecommerce businesses, freelancers, online sellers and marketplaces, and anyone who receives international payments.
Soon businesses will be able to spend multiple currencies anywhere in the world with the TransferWise card. This means low conversion fees and zero transaction fees.
The card is currently in beta testing and not yet available to everyone. If you have a business account, we'll be in touch when you can order yours.
These currencies come with your very own bank details. Anyone can use these to pay you just like they'd pay a local.
Get your own Account Number and Sort Code.
Get your own SWIFT/BIC and IBAN details.
Get your own Routing (ABA) and Account Number.
Get your own BSB Code and Account Number.
USD local bank details are provided to borderless account holders by Community Federal Savings Bank, NYC, USA.
You can hold and manage money in more than 40 currencies. This lets you avoid exchange rate movements and prep for future transfers.
You can use money in your Borderless account to send to any of the currencies on TransferWise.
United Arab Emirates Dirham
Hong Kong Dollar
South Korean Won
Sri Lankan Rupee
New Zealand Dollar
South African Rand
"Banking across borders used to be an expensive pain in the neck until TransferWise found a better way to do it."Read article
"Unlike traditional accounts, the borderless account charges no set up or monthly fees, and users can receive money for free."Read article
"Hold money in different currencies with account numbers for use in the UK, US and Europe."Read article
It's free to set up your borderless 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. When we launch the debit card, it'll be free to withdraw up to £200 from an ATM every month.
There's a cheap, transparent fee to convert between currencies. You'll always see this upfront, so there's no nasty surprises.
There's a cheap, upfront fee to convert currencies in your account. It depends on the currencies you're converting, but here are a few examples:
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.
It's free to add money to your account by bank transfer. There's a small fee for adding money to your account with a credit or debit card.
It's free to move money from your borderless account into a different bank account, as long as that bank account is in the same currency. But if you do this more than 10 times a month, there's a 50p charge.
This is the lowest we can charge to cover costs, and we're committed to getting the fee down over time.
All the money in your borderless account is securely stored in TransferWise's bank accounts— either in the UK or the USA. If the address on your TransferWise profile is in the US, your money's stored in TransferWise's American bank accounts. And if the address on your profile is in the UK, your money is stored in TransferWise's British bank accounts.
TransferWise is an authorised Electronic Money Institution. That means we're required by law to keep your money safe. We're independently regulated. And from the Financial Conduct Authority (FCA) in the UK, to federal and state regulators in the US, we fulfill rigorous regulatory requirements in every country we operate in.
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.Answer...