TransferWise Debit Card

A bright green card to save you money when you pay abroad 💳💱

#1 Product of the WeekJanuary 09, 2018
+1

The TransferWise Debit Card is connected to the Borderless account, giving you access to 28 different currencies without the need to move money around.

When you spend money with your card, TransferWise will automatically exchange it in a way that is cheapest for you, choosing which balance is the best to convert into what you are spending 💷 🔀 💶

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Reviews

  • Mahmoud SwehliSoftware Developer
    Pros: 

    No longer have to transfer money to/from my bank accounts when exchanging.

    Cons: 

    No way to deposit cash

    Just got it and definitely recommend it already! Transferwise has by far been the smoothest banking experience so far from all the new tech banks i've signed up for.

    Mahmoud Swehli has used this product for one day.
  • Sam RyeFounder
    Pros: 

    If I'm not holding enough of the currency I'm trying to spend, Transferwise will automatically transfer from another one at the best rate!

    Cons: 

    Mobile app is still in beta, so they're working out some of the kinks.

    I LOVE my TransferWise card.

    I often buy services from a range of countries - especially software. This means I get billed in a range of currencies, which causes me extra cost when my Aussie credit card gets billed. Enter TransferWise's global card. I can deposit some USD, some EURO, some GBP and put all my SaaS / ecommerce purchases on one card.

    With Borderless Accounts, you can also accept a variety of currencies - so whilst I work in Australia, I often have clients in UK and US, which means I can now easily accept payment into a 'local account' for my clients, and then reduce the transfer fees by holding those currencies until I'm ready to accept them, or pay for something locally.

    Thank you TransferWise, for pushing the envelope of international life and financial arrangements.

    Sam Rye has used this product for one month.

Discussion

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Dan Gray@dan_e_gray · Minimum Viable Person
How does this differ from @RevolutApp? They've been doing the 'multiple currency accounts' thing for over a year or so, and are way ahead in terms of features and infrastructure - banking license in the pipe.
Jijo SunnyPro@jijosunny · Maker @ BuyMeACoffee.com💰& WhatRuns.com🕵
@revolutapp @dan_e_gray Revolut is too good!
Can Olcer@canolcer · Co-Founder Kosmos
@revolutapp @dan_e_gray I have used both, and Revolut is definitely cheaper with the Premium subscription (at least if you transfer a couple of thousand dollars per year). Also, I had have to see an UX that beats that of Revolut
Andrea Grasso@madebyues · Design & Code
@revolutapp @dan_e_gray the one key difference is Revolut has a €30k limit per year. Transferwise has no limits of any sort.
Andrea Grasso@madebyues · Design & Code
@revolutapp @dan_e_gray but yeah, since I went "bank-less" last year I only use Revolut and TransferWise.
Mahmoud Swehli@mahmoudswehli · Software Developer
@revolutapp @dan_e_gray Revolut kept having issues with crediting my transactions and made me call back 2 or 3 transactions i sent to myself. Transferwise bank transfers are also a lot faster, in the UK atleast, and found their customer service to be a lot better.
Ryan HooverPro@rrhoover · Founder, Product Hunt
TransferWise is an awesome company. We used to use their service for paying international teammates, saving thousands of $$$. Seems like something @levelsio might like.
Daveyon Mayne@mirmayne · Working on zired.io
@rrhoover Keyword (used to) 🤔
Val ScholzHiring@valscholz · Head of Growth @revolutapp
@rrhoover Can't wait to give you a personal invite when we launch Revolut in the U.S. - @levelsio is already using our service
Sergio Sala@sergiosa_la · Web designer, writer and nomad
@valscholz I would like one too! (I help digital nomads)
Shashank V Singh@shash2_0 · Working Hard! Making History!
@valscholz Would love to use the revolut in upcoming trips! Are you guys ready to launch in the U.S.? Will appreciate early access.
Val ScholzHiring@valscholz · Head of Growth @revolutapp
@shash2_0 Hey, we'll be launching in the U.S. in the next months. Go to www.revolut.com and join our waiting list. You'll be on of the first to try out our service in the U.S.
Matteo GambaHunter@sliver86 · Product & UX @Wayfair
The card has not been fully launched yet (you need to have a borderless account, and need to be invited to the beta), but finally also TransferWise is getting ready with a card product. This complements their Borderless account, making TransferWise not only the best way to send money abroad, but also to spend them!
Bruno Skvorc@bitfalls · Bitfalls.com, Coinvendor.io, Diffbot.com
Word of caution: Transferwise will literally DELETE your business borderless account overnight without warning or heads up with money still in it if they conclude, at their own discretion, that you do any business related to cryptocurrencies - even if just blockchain development. The money still in the account will either be refunded to customers or sent to your usual destination account, depending on how long it has been in there. Be careful if you're a next gen business.
Juho S@juhslk · All great roads go through PH
As a very happy user of Transferwise services (have transferred money to China and Japan from EU with couple clicks and minimal fees last year), this card feels now like a natural next step. Did someone see where you can apply for invite already?
Juho S@juhslk · All great roads go through PH
Checked the site, there was the sign-up form for US/EEA residents https://transferwise.typeform.co...