Now you know the answers to the most popular TransferWise Borderless questions

TransferWise Borderless comes with a debit card which is the same as your everyday debit card. Pay for groceries in shops, shop online, or withdraw money from an ATM.

TransferWise’s Borderless bank account is available in these currencies.

• American Dollar(USD) with Wire transfer number, Routing number, and Account number
• Australian Dollar(AUD) with BSB code and Account number
• British Pound(GBP) with UK sort code, Account number, and IBAN
• European Euro (EUR) with Bank code (SWIFT/BIC) and IBAN
• Hungarian Forint (HUF) with Account number
• New Zealand Dollar (NZD) with Account number
• Singapore Dollar(SGD) with Bank code, Bank name, and Account number
• Turkish Lira(TRY) with Bank name and IBAN

The TransferWise debit card (which comes with the bank account) can hold up to 50 currencies worldwide. This means you will be able to pay in local currency in heaps of countries overseas. No more currency fluctuations to take into account and no more high overseas credit card fees from your bank. TransferWise Borderless will set you free.

 

No. TransferWise Borderless is completely different from a travel money card. With TransferWise you can deposit money for free into your Borderless account (simply transfer from your regular account or use POLI).

Then you can turn your AUD or NZD money into any of the other currencies you have activated for free on your account. There’s only a small currency switch fee charged by TransferWise, which is much lower than any bank will charge you.

The debit card that comes with TransferWise Borderless is a MasterCard debit card. MasterCard is popular and will be accepted in almost every country worldwide. Unless a particular currency isn’t supported of course.

In the USA, you’ll often see signs at motels or car rental companies saying: no debit card or prepaid accepted. You can use the TransferWise debit card at all these places as it isn’t a standard debit card.

I have used the card during a recent USA road trip at dozens of places that had a sign like that and all payments were processed without any problems.

TransferWise Borderless supports more than 50 currencies. This means you can have any of the following currencies in your account and pay like a local via the TransferWise Borderless debit card when overseas.

Open your TransferWise app or go to the website (make sure you open a Borderless bank account for free first). Go to your Borderless bank account and click on “add currency”. Select the one you need from the list and presto, it has been enabled for free. Easy as.

 

It’s free to set up. Really? Yes really. To get TransferWise Borderless in Australia or New Zealand you apply for it online (it’s free) and within a few days the debit card will arrive, and your Borderless account is activated.

Yes. TransferWise has so many security features in place. You can add 2-factor authentication or fingerprint check on mobile. If you ever lose your debit card you can immediately block it via the TransferWise app.

TransferWise Borderless also supports 3D security, which means that when you purchase something online you’ll need to verify via the app that it’s you who’s doing the shopping.

I’ve been using the card for a while now, in lots of countries around the world, and never experienced a security issue. It is super safe.

 

Yes. You can use TransferWise in all the countries you have added (for free) to your account. Whether you’re paying for groceries in the USA, purchasing a public transport card in Austria, getting gifts for your family in London or buying concert tickets online, it can all be done with the TransferWise Borderless card.

The system currently supports more than 50 currencies worldwide. Therefore it is the perfect debit card for travellers and digital nomads. 

See all the things you can buy with your TransferWise debit card

You can even change the PIN number that was assigned to your debit card. Can’t remember the PIN number? No worries. Just log into your TransferWise account via the app and you can view your current PIN number.

Want to change your TransferWise PIN number? That can be done via an ATM that supports this service from MasterCard (TransferWise Borderless is a debit card from MasterCard). So far, I’ve only seen this feature on ATMs in Austria. 

Have you used the feature to change your TransferWise PIN number elsewhere? Please post it in the comments and I’ll update this blog post.

 

Anyone who’s sick and tired of the high fees regular banks or credit card companies charge you when using your debit or credit card overseas.

TransferWise Borderless is extremely useful for:

• Frequent travellers and backpackers
• Travellers going on a working holiday in Australia, New Zealand, USA, UK or Europe.
• Digital Nomads that are receiving payments in various currencies. Now you can receive and keep then all on your TransferWise Business Borderless account. Yes, there is a special Borderless version for us Digital Nomads and travelling freelancers.

 

Can I use my TransferWise credit to pay for the Borderless Card?

There is a small fee payable for the TransferWise Borderless debit card (5 GBP or the equivalent in your local currency). If you already have a TransferWise account because you use it to send money worldwide at a fraction of the cost that regular banks charge, then you can use the money on your TransferWise account to pay the card fee. East as.

 

That depends on what you are expecting the Borderless system to do. It can replace a basic bank account in Australia, New Zealand, the USA, Europe and the UK. And you can pay in more than 50 currencies overseas.

If you are looking for more fancy banking features like a savings account, setting up a direct debit, setting up a Superannuation in Australia etc, then you will still need to go to a traditional bank.

If all that you need is the basic bank features of receiving money, paying money and spending money (overseas) then TransferWise Borderless is the perfect solution for you.

 

Yes. If you want to tip restaurant staff in the USA, make sure to ask them to add it to the bill straight away. If they hand you the receipt with the total amount so you can manually add the tip it won’t work.

TransferWise is a debit card so the transaction is already closed at the original amount. Restaurant staff can’t modify it like they can when a customer pays with a regular credit card. This is also another safety feature of the Borderless debit card.