A multi-currency account for travellers, expats and freelancers.

Spend in any currency, receive money like a local and send money around the world with your own foreign currency account — on average 8x cheaper than leading UK banks.

Compare our fees to the banks

Compare TransferWise to UK high-street banks.

To see what you could save, here's the cost of spending £250 in Euros with TransferWise vs. UK high street banks. See how we got this data.

Compare the costs

Send 250 GBP to EUR
TransferWise 1.13 GBP
Barclays 6.90 GBP
Lloyds 8.90 GBP
Santander 8.00 GBP
HSBC 9.36 GBP
Spend 250 GBP on debit card in EUR
TransferWise 0.93 GBP
Barclays 6.88 GBP
Lloyds 7.48 GBP
Santander 7.38 GBP
HSBC 6.88 GBP
Withdraw 250 GBP / month cash in EUR
TransferWise 1.93 GBP
Barclays 6.88 GBP
Lloyds 7.48 GBP
Santander 7.38 GBP
HSBC 11.88 GBP

Data collected by an independent research agency. Last updated: 15th October 2020

The TransferWise account in 90 seconds.

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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 TransferWise debit card, you can spend in the local currency — wherever you are. It's accepted anywhere that takes Mastercard or Visa.

Join millions who get a great exchange rate, and the low fees we’re known for.

Open multi-currency account

Your easy alternative to a bank account abroad.

Send money for less
Save up to 7x compared to the banks when you send money abroad.
Compare >
Convert 50+ currencies
Hold and switch between multiple currencies in seconds with low, transparent fees.
Find currencies >
Open an account in seconds
Sign up and get verified online — without a local address or visiting a branch.
Sign up now >
Get paid like a local
Receive money with your own local bank details.
Our coverage >

Get your TransferWise debit card

Zero foreign transaction fees
Plus no annual fees and low currency conversion fees.
Our calculator >
Fee-free withdrawals abroad
Up to £200 free every month. 2% after. Our ATM withdrawal fees are changing on 1 January, 2021.
Learn more >
Auto-convert any currency
Spend in any currency and our smart tech will auto-convert it with the lowest possible fee.
Easy-to-use app
Add and convert money, get instant notifications, and freeze or unfreeze your card anytime.
Download app >

From set-up to spending in seconds.

1. Create your account

1. Create your account

Fill in your details and verify your account with a selfie and ID. This should only take few minutes.

2. Order your card

2. Order your card

Start spending online with your card details, before your physical card arrives. Or add your card to Apple Pay or Google Pay to spend in shops too.

3. Wait for delivery

3. Wait for delivery

Your physical card will be shipped the same day. So it should take between 2-3 days to arrive.

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.

See our pricing
 

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

Gavin, father & business-owner

Get your multi-currency account

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.

British Pound

Australian Dollar

United Arab Emirates Dirham

Argentine Peso

Bangladeshi Taka

Bulgarian Lev

Botswana Pula

Swiss Franc

Chilean Peso

Chinese Yuan

Costa Rican Colón

Czech Koruna

Danish Krone

Egyptian Pound

Georgian Lari

Ghanaian Cedi

Hong Kong Dollar

Croatian Kuna

Euro

Canadian Dollar

Hungarian Forint

Indonesian Rupiah

Israeli Shekel

Indian Rupee

Japanese Yen

Kenyan Shilling

South Korean Won

Sri Lankan Rupee

Moroccan Dirham

Mexican Peso

Malaysian Ringgit

Nigerian Naira

Norwegian Krone

Nepalese Rupee

Peruvian Sol

Philippine Peso

New Zealand Dollar

US Dollar

Polish Zloty

Pakistani Rupee

Romanian Leu

Russian Ruble

Swedish Krona

Singapore Dollar

Thai Baht

Turkish Lira

Tanzanian Shilling

Ukrainian Hryvnia

Ugandan Shilling

Uruguayan Peso

Vietnamese Dong

West African CFA Franc

South African Rand

Zambian kwacha


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

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 TransferWise account.

It's free to get your international bank details.

There's a cheap, transparent fee to convert between currencies - either in your account or if you spend on your TransferWise debit card 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 TransferWise debit card 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 charge a fee to convert money between currencies in your account. It varies from currency to currency. We recently changed the way we work out those fees. The easiest way to understand your conversion fees is to visit our price checker.

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.

Check the latest fees

There's a small fixed fee to withdraw funds from your TransferWise account to another account in the same currency. The fee we charge to send money depends on the currency you're sending from.

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 TransferWise account.

Millions of customers trust TransferWise with their money. We move over £4.5 billion every month, and we take the safety and security of your money seriously.

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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