Recently a new banking system launched in the Southern Hemisphere: the TransferWise Borderless debit card has arrived in Australia and New Zealand. Lots of Aussies or Kiwis might be wondering what TransferWise is and how it can save them heaps of money overseas. Time for a question and answer session.
Why me? Well, I’ve been using TransferWise for a long time now. As soon as the debit card launched in Europe I’ve been using it. Not just in one country. I’ve used the Borderless debit card in lots of countries worldwide now
TransferWise Borderless debit card Q&A session
Every time I use my TransferWise Borderless debit card (you can’t miss these bright green cards) or whenever I tell people about the advantages, it intrigues them but there are also lots of questions. I guess you have some questions about TransferWise Borderless.
Here are the answers to the most asked questions about TransferWise Borderless. In Australia or New Zealand, these questions and answers will help everyone thinking about getting the TransferWise debit card.
What is TransferWise Borderless?
TransferWise Borderless is the bank account plus debit card created by the people that came up with the cheap way of transferring money worldwide: TransferWise. Borderless is a basic bank account that does exactly the same as a regular checking account from traditional banks like Commonwealth, ANZ, BNZ, Westpac etc.
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)
- Australian Dollar (AUD)
- British Pound (GBP)
- European Euro (EUR)
- New Zealand Dollar (NZD)
The TransferWise debit card (which comes with the bank account) can hold up to 40 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.
Is the TransferWise debit card the same as a travel money card?
Is it a Visa or a MasterCard debit card?
Can I use TransferWise Borderless card in the USA?
Which currencies does TransferWise Borderless support?
|British Pound||Canadian Dollar||Philippine Peso|
|Australian Dollar||Indonesian Rupiah||Polish Zloty|
|United Arab Emirates Dirham||Israeli Shekel||Pakistani Rupee|
|Argentine Peso||Indian Rupee||Romanian Leu|
|Bangladeshi Taka||Japanese Yen||Russian Ruble|
|Bulgarian Lev||Kenyan Shilling||Swedish Krona|
|Swiss Franc||South Korean Won||Singapore Dollar|
|Chilean Peso||Sri Lankan Rupee||Thai Baht|
|Chinese Yuan||Moroccan Dirham||Turkish Lira|
|Czech Koruna||Mexican Peso||Ukrainian Hryvnia|
|Danish Krone||Malaysian Ringgit||Vietnamese Dong|
|Egyptian Pound||Nigerian Naira||South African Rand|
|Georgian Lari||Norwegian Krone|
|Hong Kong Dollar||Nepalese Rupee|
|Croatian Kuna||New Zealand Dollar|
|Hungarian Forint||US Dollar|
How can I enable a currency?
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.
What are the costs of TransferWise Borderless in Australia and New Zealand?
Is TransferWise Borderless safe?
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.
Can I use TransferWise everywhere overseas?
See all the things you can buy with your TransferWise debit card
How can I change the PIN number of the TransferWise Borderless debit card?
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.
Who should apply for TransferWise Borderless?
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.
Are there any downsides to TransferWise Borderless?
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.
Any tips to make better use of the TransferWise card overseas?
More questions about the TransferWise’s debit card?
Oops, did I forget to answer your question about the TransferWise Borderless debit card? No worries. I’m always happy to answer any question you might have. Just post it below in the comment section and I’ll reply as soon as possible. Cheers.