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.

TransferWise is an awesome company. We used to use their service for paying international teammates, saving thousands of $$$. Seems like something @levelsio might like.

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!

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.

Pros:

I can use it everywhere, cheaply.

Cons:

Too easy to use, I spend too much money.

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.

Pros:

If you don't have enough balance in specified currency it will use whatever balance you have available which will be cheaper to convert from

Cons:

No BRL balance available yet :(

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?

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.

One of the best service I have been using since 1-1.5 years. Totally hassle free and less charges than any other competitors. Hope you guys support India pretty soon. And to support India if you guys need any help from local people I can be there for you any time :) #Love4Transferwise<3

Shame that this is only available in the US, I see no option to get the card in the UK.

Beta program has started.

Pros:

Saved money when paying abroad

Cons:

None

This makes the Bordeless account even more interesting!

Pros:

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 money

Cons:

Currently available to borderless account-holders by invitation-only

Beta for UK and Europe is out.

Pros:

Allows to pay in and be billed in local currencies when travelling. Ideal for people who constantly travel or live between two countries

Cons:

Only available for UK and EU for now

I’m a borderless account user. Can I get an invite for the card? Thanks!

Transferwise are just killing it. Sending money OS with them is already awesome. This makes them awesomer indeed.

Why is this better than my BofA debit card?

Awesome service! (Not that it counts for anything, but the 'Hello world.' overlay on the card kinda ruins the aesthetic for me, would be much cleaner without it)

If I already have an account can I get the borderless card account too? Do I just login and request one?

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.

Pros:

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

Cons:

No way to deposit cash

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.

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 wish the Borderless Account was available in more countries. Seems like a really good product.