TransferWise Multi-Currency Accounts For Japanese Residents

TransferWise just announced two exciting updates. They dropped prices for 76% of their customers and introduced multi-currency accounts for Japanese residents.

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Price Drop

TransferWise dropped prices on average by 15% for transfers on many currency routes. Now you will pay lower fees if:

• you send from USD or GBP to anywhere in the world, or
• you send from anywhere in the world to any of these currencies in Asia — INR, THB, IDR, MYR, CNY, PKR, VND, KRW, LKR, or BDT.

Multi-Currency Accounts For Japan

The TransferWise multi-currency account allows customers to have local banking details in multiple countries to receive free money just like locals. This was a long-awaited feature for our customers in Japan, and now they can get:

• UK account number and sort code
• European IBAN
• US account number, routing and wiring number
• Australian account number and BSB number
• New Zealand account number
• Singapore SWIFT/ BIC code and account number

Residents in Japan are now able to manage, convert and spend their money to 50+ different currencies and get access to local banking details in six countries. That’s also great news for expats and freelancers for instance.

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