TransferWise Debit Card
A bright green card to save you money when you pay abroad 💳💱
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 💷 🔀 💶
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.
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.
I can use it everywhere, cheaply.Cons:
Too easy to use, I spend too much money.
I don't have to worry about having money for whatever country I'm visiting, I know I'll get to pay for my expenses no matter where I am at the best rate I can get.Helen Maidre has used this product for one month.
Free to pay with currencies in your account
Free ATM withdrawals up to £200 / month
A small fee (between 0.35% and 1%) if you convert moneyCons:
Currently available to borderless account-holders by invitation-only
This makes the Bordeless account even more interesting!Matteo Gamba has used this product for one month.
Not in Canada yet
Come to Canada. I'm told we're really nice.Kurt Krumme has never used this product.
If you don't have enough balance in specified currency it will use whatever balance you have available which will be cheaper to convert fromCons:
No BRL balance available yet :(
It's smooth as butter - I don't even remember I'm not transacting at my home currency anymore when I'm abroad. So transparent it hurts.Eduardo Mercer has used this product for one month.
Allows to pay in and be billed in local currencies when travelling. Ideal for people who constantly travel or live between two countriesCons:
Only available for UK and EU for now
Beta for UK and Europe is out.Felipe Morales has used this product for one month.
Saved money when paying abroadCons:
Beta program has started.Fabrizio Ballarini has used this product for one month.