TransferWise launched their borderless account last year. It allows you to hold over 40 currencies at once and switch between them at the real exchange rate. Also, you will get local bank details for the US, UK, Eurozone, New Zealand and Australia.
Borderless Debit Card
TransferWise now has some exciting news to share. They just launched a brand-new TransferWise debit Mastercard®! Their customers are now able to spend the money from their borderless accounts around the world. As usual with low conversion fees and no transaction fees at all.
Check out the benefits below:
- Free to pay with currencies in your Borderless account
- Free ATM withdrawals up to £200 per 30 days
- Small conversion fee when converting money (typically between 0.35% and 1%)
- Automatically convert money at the real exchange rate
Please note that TransferWise are currently offering these debit cards only for personal use. However, they are working hard to make them available for businesses soon. [Update August 2018] We’ve just received a private invitation and will get our free TransferWise business debit card within the next few days!