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TransferWise Borderless Account — Send, receive and organize your money without crazy fees
Your free multi-currency account — the easiest way to pay and get paid around the world. Say bye bye to crazy bank fees for good.
Get your borderless account today :)
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Will definitely be using this for freelancing. This would be a perfect accompaniment to Stripe's Atlas program as well. Much more versatile than the SVB account they give you.
Having a lot of business in the US but living in Finland in the EUR zone, I've long desired a US bank account to avoid massive fees.
I visited US banks in San Francisco last year to see if I could open a local bank account for my company. Turned out it's impossible without having a permanent local office.
I just had a call this week with the first Finnish bank I noticed could help with opening a US bank account. "Prepare for a LONG process," they said. Didn't even know what it'd cost.
Well, I already had a Transferwise account. Today, I pressed one button and <5 seconds later I was looking at my own US bank account info. BOOM. LOVE you guys.
OMG! I've been talking to no less than five banks since last week to open an USD account in France. Their fees were incredibly high (and I'm not even talking about conversion costs.) I was looking for a safe alternative; I know TW, I'm opening a borderless account right now.
Very cool, but very annoying UX telling me it's not available in my country only AFTER I've filled up all my personal details (name, address, etc). Could have been easily solved by letting me choose my location first.
The biggest issue for me, as a digital nomad, is to withdraw money in foreign countries with different currencies without paying abusive fees. If Transferwise #Borderless gave me a physical debit card and allowed me to withdraw all those currencies with good feeds, THAT would be really awesome!
For me it says 'Not available in your country yet', I thought it was supposed to be 'Borderless' 😜
As a UK SaaS business who charges mainly in USD I've worked out we claw back about 1% of our MRR a month by using this (versus Stripe handling conversion)
Pros:Big savings to be made compared to letting your payment provider make the conversion.
Cons:Payments go through at the local time of the currency, which can lead to a day lag in getting our cash back into GBP
We signed up to this, this morning. As a UK SaaS business who charges mainly in USD I've worked out we should claw back about 1% of our MRR a month by using this (versus Stripe handling conversion)
Such a great product and so easy to get setup
@benkingntu We've been using it now for the last 2 and a bit months. Works fantastically, payouts take a few hours longer to go through as the money doesn't show up in the USD account until Eastern Standard Time. But other than that, no issues and has saved us a bunch of cash on Stripe fees
@benkingntu @td_evans Hello guys, I just want to be sure, is it possible to make payouts from stripe to my transferwise borderless bank account with no issues?
Hunter
TransferWise have been an incredible resource for me having moved around a fair few times in the last few years.
This is going to be seriously awesome for companies/individuals that need to manage their money around the globe! 👏 👏 👏
@juhslk TransferWise is always hiring in Estonia and can definitely help you relocate there :)
I'm in the United States and just received a "Borderless accounts aren’t available in your location yet". Am I missing something?
Great if your country is supported. Hope they add more soon to be truly borderless! (I'm looking at you Slovenia and Guatemala!)
I have been using transferwise for 4 years and I couldn't be any happier about this news
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