TransferWise Launches Borderless Debit Cards

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TransferWise launched their borderless account last year. It allows you to hold over 50 differenr currencies at once and switch between them at the real exchange rate. Also, you will get local bank details for the United States, UK, Eurozone, Hungary, New Zealand, Australia, and Singapore.

Borderless Debit Card

TransferWise now has some exciting news to share. They just launched a brand-new TransferWise debit Mastercard®! Their customers are now able to spend the money from their borderless accounts around the world. As usual with low conversion fees and no transaction fees at all.

Benefits

Check out the benefits below:

Free to pay with currencies in your Borderless account
Free ATM withdrawals up to £200 per 30 days
Small conversion fee when converting money (typically between 0.35% and 1%)
Automatically convert money at the real exchange rate

Please note that TransferWise are currently offering these debit cards only for personal use. However, they are working hard to make them available for businesses soon. [Update August 2018] We’ve just received a private invitation and will get our free TransferWise business debit card within the next few days!

Debit cards are available for residents in UK, Europe, Australia, New Zealand, Singapore, US and Japan!

Business Debit Cards For Admins

Previously, a business could only get one TransferWise debit card. Now every admin can order their own TransferWise debit card to pay for business expenses, spend online or in-store around the world.

TransferWise for Business makes it easy and secure to spend in 70+ countries. If you want to spend in a currency you don’t have in your account, there is a transparent fee. There is also a fee for withdrawing cash after a certain amount.

What’s next? They are currently working on letting anyone on your team spend from the business account. Account admins will be able to invite other employees to order a card and set a spending limit to control expenses.

Get Your Free TransferWise Borderless Account »