Open an international business account in minutes

Open a multi-currency account to send, spend, and receive in over 50 currencies with the real exchange rate. Join over 8 million people today.

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Pay invoices and people abroad

Receive money with no fees

Automate work with our API

Spend with a free debit card

Up to 14X cheaper than PayPal for international payments

PayPal inflates exchange rates when you send and receive international payments, making it hard to see what you're actually being charged. Here's an honest comparison to show how much you can save with your TransferWise for Business account. Learn more

Compare the costs

Cost to create account
TransferWise £0
PayPal 0
Provider No sign up fee
Monthly account fees
TransferWise £0
PayPal 0
Provider No monthly fee
Receive $2000 in a GBP account
TransferWise £1,505.00
PayPal £1,403.21
Provider Save £101.79
Receive €2000 in a GBP account
TransferWise £1,754.03
PayPal £1,606.74
Provider Save £147.29
Receive $2000 in a GBP account
TransferWise £1,079.30
PayPal £977.90
Provider Save £101.40
Send or convert £2000 to a EUR account
TransferWise €2,260.38
PayPal €2,111.11
Provider Save £149.27
Send or convert £2000 to an AUD account
TransferWise $3,663.01
PayPal $3,408.71
Provider Save £254.30
Send or convert £2000 to a USD account
TransferWise $2,626.45
PayPal $2,422.97
Provider Save £203.48

Data collected by an independent research agency. Learn more

No big fees, hidden or otherwise. So it's cheaper than what you're used to.

How much are the fees?

  • You pay a small, flat fee + fixed percentage of the transfer amount (you’ll always see the total cost upfront)
  • Some payment methods have an added fee, but that's usually tiny too
  • You always get the real, mid-market exchange rate, with no markup whatsoever
  • When making a same currency withdrawal into your account there is also a small fixed fee for business users
  • One-time fixed fee payment needed to get access to any number of international account details. Cost of opening international account details is between £16-£21 or currency equivalent dependent on country.

See how much it costs

FAQs

It's an online account that comes with international account details so you can receive payments from the US, Eurozone, UK, Australia, New Zealand and Singapore for free. You'll get your own international bank account details and you can activate a currency in a number of clicks. You can also hold over 50 currencies within the one account.

You can then receive, send and spend money knowing you're always getting the mid-market exchange rate.

It's ideal for business owners who want overseas bank account details without all the hassle of having to go into a local branch to set up their bank details or pay additional fees for setting up an international account.

It's free to set up your TransferWise for Business account.

There is a fixed, one-off payment you need to pay to get access to international bank details and free to receive money using your bank details. The one-time fee is £16 for UK businesses or £16-£21 in other currency equivalents.

There's a cheap, transparent fee to convert between currencies — either in your account or if you spend on your TransferWise Business 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 Business Mastercard in a currency you don't have, it auto-converts the balance with the lowest fee, so you never have to worry.

Create a free account via our sign up page. Fill out your business details to complete your profile. Your account will then pend verification from our team which takes between 4-7 working days. You will receive an email once your account has been verified.

Once verified and you've paid the one-off fee for activating your multi-currency account details, you can start sending and receiving money.

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 billions of pounds 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.

We'd like to offer borderless accounts to everyone. However, there are a few countries and US states where you won’t be able to open a borderless account yet.

Read more about this here.

Got questions?

There's a team ready to help you get set up.

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