You can learn all the details about the TransferWise borderless account here, or read on for an overview.
Your borderless account is a bit like having local accounts all over the world.
It’s a multi-currency account that lets you keep money in over 30 currencies, and convert between them at the real exchange rate whenever you need.
That’s cool to start with, but on top of that you also get your own TransferWise debit Mastercard, personal account numbers and bank codes for 4 of those currencies - USD, GBP, EUR and AUD (with more on the way). You can give these details to your friends, company or customers in the US, UK, and the Eurozone to get paid in those countries as if you lived there, with zero fees.
Oh, and it’s completely free to set up.
Please note: 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.