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Product Updates January 2020 ©TransferWise

TransferWise Launches Direct Debit & PLN Bank Accounts

The TransferWise team has been working hard on improving their product offering. They just launched a new currency route, direct debit, PLN accounts, and more.

Get Your Free Multi-Currency Account »

New Features

As you already know they are on a mission to educate people around the world on fairer ways to send, receive and spend money overseas. Find out what’s new:

  • New Currency Route From MYR
    TransferWise are up to 4X cheaper than banks for sending money out of Malaysia
  • Direct Debit Now Available For GBP & EUR
    One of their most requested features, customers who use their GBP and EUR account details will now be able to set up direct debits to pay for bills or to verify their PayPal and Stripe accounts
  • Send Money To Mobile Wallets
    Customers can now send money to GCash and PayMaya mobile wallets in the Philippines, bKash in Bangladesh and GoPay and OVO in Indonesia
  • Debit Card Launches in Australia, New Zealand & Singapore
    Customers in the UK, Eurozone, US, Australia, New Zealand and Singapore can now spend money at the mid-market exchange rate and save on currency conversion fees
  • PLN Bank Account Details Now Available
    They now have local bank account details available for the US, UK, Eurozone, Australia, New Zealand and Poland so you can get paid like a local and avoid any receiving fees

Register your free account now! You can save quite a lot when sending and receiving money (as a business). According to a comparison by a third-party, TransferWise is up to 14x cheaper than PayPal.

Get Your Free Multi-Currency Business Account »

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FTC Disclosure: We may receive a payment in connection with purchases of products or services featured in this post.

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