If you are frequently traveling all over the world or receiving a salary from abroad you know the struggle:
- Worrying whether the exchange rate will play tricks on you.
- When should you exchange a large amount of money.
- And getting pissed off at your bank for unreasonable fees.
What to do then? The answer is TransferWise.
TransferWise is a peer-to-peer money transfer service (created in Estonia, by the way) that specializes in international transfers avoiding the large fees charged by traditional banks. For example, If you are already an N26 user, it is the partnership with TransferWise how N26 keeps transfer fees so low.
Now TransferWise’s Borderless account has a Mastercard available not just for businesses, but private users too.
This means that through the Borderless account you can hold, receive and send money in 28 different currencies, without worrying about the ups and downs of exchange rates.
Furthermore, you will be able to instantly get international bank details if customers or friends are not using TransferWise or you are getting paid locally, namely:
- Australian account number and BSB code
- British account number and sort code
- European IBAN
- US account number and routing number
When paying with your TransferWise you will not have to worry about fees: the card will automatically use the funds in the local currency to avoid any fees at all.
If you do not hold the local currency, TransferWise makes use of “intelligent currency routing”, exchanging the money in the cheapest way possible by comparing all the currencies and balances held and picking the optimal solution.
In brief, 28 currencies available, 4 local bank accounts, intelligent currency routing, all in one card with the lowest fees in the world.
What are you waiting for? Join TransferWise Borderless here.