TransferWise Borderless Account Review
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6 жыл бұрынTransferWise Borderless Account Review // bit.ly/2BVefRb
UPDATE: TransferWise now support payout of global USD to majority of countries.
This is done via SWIFT and so there are slightly higher costs associated with global USD payouts than their standard fee.
Fee structure for the sender: TransferWise fee + $2 (or equivalent in sender's home currency).
These payments are made via the SWIFT network and note that the recipient may also be charged a fee by their bank for receiving the global USD. TransferWise are not able to predict exactly how much this charge may be to the recipient as it is up to their bank.
NEW VIDEO | The TransferWise Debit Card: • TransferWise Debit Car...
The Borderless Account is an innovative version of a multi-currency account from money transfer specialists, TransferWise.
In this video we discuss how it works, how you use it, the benefits of the Borderless account and when it's a good option for you.
5 Minute Read - For more information about the Borderless Account, you can read our review here: bit.ly/2BUyfjh
To head to the TransferWise website to open a Borderless account or find out more about their rates and fees, click here: bit.ly/2FAoIkQ
#transferwise #borderless
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@in-oz 5 жыл бұрын
Note you don't need the borderless account feature just to convert and move money from one country to another. What it's mostly good for is receiving money from third parties. However those payments must be electronic, no checks allowed.
@ryanoconnor6562 5 жыл бұрын
Nearly, almost and surely incredible!
@InfotainmentVidyarthi 4 жыл бұрын
The video is useful and simply explained. One thing that got missed here is that to add money to borderless account there is a fee, so for e.g in case of USD to EUR, If you top-up your borderless account there will be a fee for top-up 1st then if you convert within borderless from USD to EUR there will be additional fee then at end to withdraw funds from borderless to external bank account even in same currency (as this video also mentioned ) there will be additional fee. So it would be great if you can another video explaining which way is better directly transferring funds from external bank to depositing in another external bank account using transferwise as mediator. Or doing the same using borderless account because in the latter it involve fees at 3 different stages --> Top-up fee --> conversion fee --> withdrawing funds externally fee
@Bisqand 2 жыл бұрын
Really simple and clear explanation, appreciate the help!
@srikanthvangari6028 6 жыл бұрын
Must say very good analysis & well explained !!!
@TheCurrencyShop 6 жыл бұрын
Thanks Srikanth!
@denvernelson4535 3 жыл бұрын
👍👍👍Grest Information Shared By Yourself looking forward to use Transferwise when I come to poland in April
@RobertSantos-rw8dy 5 жыл бұрын
Thanks a friend recommended the service, will follow through... cheers
@jasons188 6 жыл бұрын
great video! It's a pain keeping track of my bank accounts in other countries, and additionally it's annoying when they charge you a fee for just having account (like ANZ in Australia). Looking forward to ditching my overseas accounts and replacing them with my transfer wise one. Hopefully one day I'll be able get rid of my swiss bank account too - which I'm sure will happen over time.
@TheCurrencyShop 6 жыл бұрын
Hi Jason, You're completely right! TransferWise are doing a great job at making something very complicated much more simple. Their Borderless Debit cards are now available in the UK and Europe. Hopefully we see it soon in Australia and the USA.
@RhythmicBlissVibes 4 жыл бұрын
Great video! Thank you! I have a question I live in Sweden and need to use a company that transfers my money, witch one do you prefer, Hyperwallet, Payoneer or Transferwise? Thank you for your answer
@brandonjohnson8880 4 жыл бұрын
This is legendary. I plan on utilizing UK based crypto exchanges to circumvent high US exchange fees and then use the transfer wise account to convert back to USD
@cool5948 6 жыл бұрын
VERY HELPFUL REVIEW!
@TheCurrencyShop 6 жыл бұрын
Thank you, glad we could assist!
@eqisoftcom 5 жыл бұрын
Receiving money is free only if you use bank transfer, however this applies only to a few countries (those in which TW accounts physically reside). In most other cases you have to use debit/credit card payment and there is a fee.
@zainuddinomri2608 6 жыл бұрын
Fast and easy to transfer money, yesterday I did transfer from uk to Singapore using the debit card and 30 minutes later the money is in the bank in Singapore
@jgilesh 5 жыл бұрын
It would be great to have the borderless account for SouthAmerican countries as well. Great tool. Thanks for the video
@TheCurrencyShop 5 жыл бұрын
Hopefully they will have it eventually! Thanks for your comment, glad you liked the video.
@Oldnut101 4 жыл бұрын
There is a debit card now in currency's where Mastercard operate and in countries not restricted by governments.
@almarizvanovic3184 3 жыл бұрын
Bh bh
@acamporota 6 жыл бұрын
So if at the moment I want to open a bordeless account and keep canadian dollar I cant? I can only store eur,usd,gbp and aud? Right?
@TheCurrencyShop 6 жыл бұрын
Hi Alessandro! With the Borderless account you'd be able to hold CAD in the account, but you can only have local bank details for the US, UK, Australia and Eurozone (at this stage). So you could hold CAD in the account, but you wouldn't be able to pay out locally in Canada. Let me know if that helps :)
@ethanf.6848 3 жыл бұрын
I like your video. However many banks already offer "borderless" accounts and due to the convenience and security, many customers are willing to accept some transaction fees (yours are touted as "0%"?). Is there an updated video to showcase other innovations in the pipeline? e.g. payments or transfers in cryptocurrencies? Also, have you addressed the limitation of being able to pay counterparties in foreign currencies?
@fewtechslatr 4 жыл бұрын
How to get the account number and routing number? I cant seem to find it.
@EntrepreneursonBikes 6 жыл бұрын
Perfect explanation
@TheCurrencyShop 6 жыл бұрын
Thanks!
@robertofernandezandersson1797 6 жыл бұрын
Hi great video! So if I just want to transfer Swedish Krona to USD, should I open the borderless account or just do a one time transfer?
@TheCurrencyShop 6 жыл бұрын
Hi Roberto, great question! If you are just making a one off payment from SEK to USD, it won't be necessary to open a Borderless account. You just need to sign up to TransferWise and make the transfer. Here's our video on how to do it: bit.ly/2IXLRhv Here is the link to the TransferWise website: bit.ly/2Gz7uUY I hope this helps!
@moazzamali3361 4 жыл бұрын
Nice presentation and very beautiful presenter!
@EL90291 6 жыл бұрын
How is the borderless account insured ?
@yomommastupid 5 жыл бұрын
In Europe we also got N26 German digital bank....
@Lyndain 5 жыл бұрын
Are there limits to how high a payment in or out can be?
@dettlng_bb3529 4 жыл бұрын
Sounds to good to be true ! What about availability here in USA 🇺🇸?
@abdulkhan-el5yl 4 жыл бұрын
Hi,can't find any information on how to set up a Transfarwise borderless account any where.
@shelleyhillvideo 5 жыл бұрын
I have been with you for many years now and love TW! But I have never understood how to use my Borderless account. I have USD in US Bank, a EUR Borderless TW account and a Spanish bank account where I live. I want to send USD to my TW Borderless account and then convert to EUR and send to my Spanish bank as needed. Is this a good idea? What is the limit of USD I can send and is it per day, month or year? Please advise how to send from my US bank to my Borderless. Thank you!
@karenking7088 5 жыл бұрын
Payoneer has a Visa or Mastercard debit card attached
@TheZachary86 5 жыл бұрын
Ok this is a big point of confusion here for many. Point number 4 cons of borderless account. "You can only pay out of the account in the country to which you receive the funds. That means if you receive USD from the United States, you couldn't make a payment of USD to China from the account" So whats the point of opening a borderless USD account anyway?, when i can't withdraw from the borderless account to my local bank account in the local currency.
@nonsookoye3163 5 жыл бұрын
So what's the essence of opening the account in the first place if one can't take his money home?
@JeanaTheGreat 4 жыл бұрын
Checkmate, TransferWise
@wildbill562 4 жыл бұрын
UPDATE: TransferWise now support payout of global USD to majority of countries. This is done via SWIFT and so there are slightly higher costs associated with global USD payouts than their standard fee. Fee structure for the sender: TransferWise fee + $2 (or equivalent in sender's home currency). These payments are made via the SWIFT network and note that the recipient may also be charged a fee by their bank for receiving the global USD. TransferWise are not able to predict exactly how much this charge may be to the recipient as it is up to their bank.
@TL-tf5xt 2 жыл бұрын
Love it ....big thanks beautiful 🥰
@koribullock7245 6 жыл бұрын
can I use bonderless for reciving money from stripe ?
@eagleonesims613 4 жыл бұрын
Can we have one for The Bahamas?
@orlando8bzt 6 жыл бұрын
Ciao posso fare la traduzione l'inglese e spagnolo English & Spanish
@bornin1948 5 жыл бұрын
By what method(s) can someone deposit funds to my borderless account? For example USD into my borderless account as USD.
@reshanwijerathna8386 4 жыл бұрын
May I know how to create a new account by canceling the old account?
@maggievalle9308 4 жыл бұрын
Adding debit card access would be great
@gulzaransari2637 4 жыл бұрын
Hi, is it an alternative to bank account?
@nesiaoktania5227 6 жыл бұрын
Transferwise is quite disappointing. It says it only takes 2 hours to get money sent to recipient bank. I chose the the fastest service option with the most expensive fee in the list, around £30, due to an urgent need but it has been three days and the money has hot arrived yet. The staff says that i have to wait 2 more working days. if i knew it would take that long i would have transferred money from my bank account with far cheaper fee but nearly the same length processing. Transferwise is definitely not a payment method you can count on.
@EntrepreneursonBikes 6 жыл бұрын
Very pleasant voice
@abatesnz 4 жыл бұрын
Revolut is a major competitor, but while their conversion fees and local currency payment fees are low, their fees to pay and receive in currencies that aren't your local currency are high. TW wins if you're doing a lot of local bank-to-bank transfers. Revolut wins if you only need to pay money via a credit card. And Starling wins in the UK and Euro as far as fees go.
@xzinaessab844 5 жыл бұрын
Can I transfer money from PayPal to Transferwise then from Transferwise to my bank account in Morocco?
@ebnomunshi7046 6 жыл бұрын
How much i can transfer at once from poland to Bangladesh?
@jameslascot8040 4 жыл бұрын
Wow, it is the real deal. I have dealt with international transfers for personal business and it has been a nightmare! Brokers charge way too much and will take an indeterminate amount of time (1-2 weeks) as they delay for the best exchange rate. My U.S bank charges $35 just to wire money and charge about 3% for exchange rate. PayPal adds about 3% and a flat fee for exchange rate. I transferred $22 USD to Polish 82 PLN at the REAL exchange rate (3.89) and was charged $.97.(4.4%) my U.S. bank charged me $10 and waved the $35 wire fee only once because I have a long standing relationship ($8+$35 on $21 is 204%) even with waiving the transfer fee it was ($8 on $21 = 38%) . Great for sending and receiving small amounts to individuals around the world!
@katiebermange550 5 жыл бұрын
I need to send money from my uk bank account to a friends us bank account. Will his bank charge him a fee for recieving the transfer ?
@BOSNAMAGDURLARI 5 жыл бұрын
Good PR
@andrewo2272 6 жыл бұрын
I Understand transferring the money oversees is great. I dont understand how you get paid from me. If i transfer money to you from my bank they will hit me with big fees so how do i pay you through debit card and if so is it a international payment then i get hit with another fee from my bank in Canada!
@cl9130 5 жыл бұрын
Does this mean limited companies don't need a bank account from traditional high street banks anymore? And can theoretically replace it with this borderless account to hold their cash? Can it be a bank account from a legal limited liability perspective?
@borntolose_livetowin 3 жыл бұрын
What's the difference to Revolut?
@carloliwanag 5 жыл бұрын
How can I withdraw my funds through my TransferWise account if I am from the Philippines and being paid by my client from Australia?
@jericotalavera4167 3 жыл бұрын
Can i use my balance in borderless account "usd" transfer to my bank account in php?
@gabrielalviola720 3 жыл бұрын
is it okay to use transferwise without a bank account??
@brian8616 3 жыл бұрын
So if I live in US and go to France I cant take out euros in France I have to only take them out in US where i put them in? Which ATM machines can you use if you get a debit card?
@mackm45 3 жыл бұрын
So it does not work in Canada either?
@dillonmurphy9870 6 жыл бұрын
So if I'm going on holidays to say Dublin ☘️ can I send GBP from my bank to the card and take it out on the border less card in Dublin.
@TheCurrencyShop 6 жыл бұрын
That's right Dillon! The card will convert the currency automatically in the cheapest way possible when you go to withdraw or pay a card terminal in Ireland. You can withdraw up to £200 for free at a cashpoint, above which you'll be charged 2%. :)
@victorunogu110 5 жыл бұрын
Please I want to no if I can be able to transfer money from Europe to my Account in Nigeria can it be possible for me
@calkinsb0713 3 жыл бұрын
Why cant I add two step login?
@abalabal6417 4 жыл бұрын
get usd from US to indonesia. but i just can create USD. its ok?. can i withdraw to my local bank?
@edmiddleton8138 4 жыл бұрын
I have a $Cdn bank account in Canada and a $USD account in Canada. Can I take funds from the $Cdn bank account and convert to $USD and deposit into my $USD account in Canada? And vice versa? Or am I limited in Canada to only $Cdn transactions to and from TW?
@laurence3652 5 жыл бұрын
Hello, I really didn't get the 4th limitation or disadvantage. I reside in Nigeria & received payment in GBP. Can I send the money in Naira to my Nigerian bank account?
@lukehallam6888 4 жыл бұрын
yes
@DarylBaines 4 жыл бұрын
I'm looking for a way to put money from my Argentina Peso account in Argentina to my GBP account in UK, and vice-versa. Will Transferwise allow me to do this?
@kadirah1890 2 жыл бұрын
Nice video ☺️👍
@thetmuenwe868 3 жыл бұрын
Transfer Wise can send to Myanmar? I used Merchantrade and WU to send money to Myanmar. I wanna try TW,
@martaagosti2677 4 жыл бұрын
Hi! I will receive a payment from Jordan in USD, can I make a transfer in USD to a bank account in Egypt also in USD? Thanks
@NicksStuff 3 жыл бұрын
There's a $7.50 fee on all USD payment received (and $1.05 and transfers sent)
@NicksStuff 3 жыл бұрын
There's also a $31 fee for getting the local bank details
@islandgurlpurple 4 жыл бұрын
If I get paid by a US employer in USD would I have to pay taxes to the US government?
@PO-si4ty 5 жыл бұрын
Great Video! so if I am receiving payment from China to USA. How does that work? I give China the Chinese bank account provided by TRANSFERWISE then they put it in the USA TRANSFERWISE account for the lowest possible fee rate? Is that right?
@AdnanMehmood1 3 жыл бұрын
Its no accept Amazon I try for receive payment to Amazon but Amazon no no accept
@alexw2886 3 жыл бұрын
Can a resident of Russia open up a TW account and hold money (euros or USD, for example) in that account to later use in another country when traveling?
@nickkellie 5 жыл бұрын
If I already have accounts in both the countries, which is cheaper, just using transfer wise like I always have or using it this new way? What's the advantage?
@TheCurrencyShop 5 жыл бұрын
Hi Nick, If you already have bank accounts in the countries you need them, you can simply use TransferWise to transfer the funds from one to another. The Borderless Account allows people who don't have bank accounts in the US, Europe, UK, or Australia to essentially have local bank details in those countries. And in Europe and the UK, this includes a debit card to access those funds.
@milanese232 5 жыл бұрын
So basically this is meant for people who make business in a country other in which they live in and want to get paid in local currency so that later on they can transfer those funds to their bank account. If I understood correctly.
@TheCurrencyShop 5 жыл бұрын
That's a great example of how to use this account!
@rafaela8941 5 жыл бұрын
I live in Brazil, but I got the Boderless account, and my question is: Im going to US, and I have some dollars available on the boderless account, can I use in online shopping in the US? Or do shopping at the store using as a debit card? Im afraid to put more dollars into it and cant use it in online shopping
@norbertmarty8855 5 жыл бұрын
I have a dollar account in Mexico and would like to transfer to my account in Pesos at a better fee than banks.
@nathanwhite8355 2 жыл бұрын
How can I contact wise I have an account I don't see any contact information. Thanks
@reiki-dojo 6 жыл бұрын
Great video. I have also a question. If mine customer wish to pay me from eg Germany to Croatia, how and where they pay? In a bank or a post office? Trough web? Using credit or debit card? Is that for them like paying a bill or they need also TransferWise account. Thank you in advance for answer
@TheCurrencyShop 6 жыл бұрын
Thanks Danijel! TransferWise is a completely online platform. They accept payment by bank transfer, debit card and credit cards (credit card only for smaller amounts). If you're transferring money from Germany to Croatia, you will log into your account and fill in the details for the bank account in Croatia and TransferWise will make the transfer. Does that answer your question?
@reiki-dojo 6 жыл бұрын
Thank you
@rosemaryrusso1612 Жыл бұрын
In the US they wrote me a cheque. Wise is unable to bank a cheques. So I can't bank the foreign cheque into my account so I can transfer the funds to Australia. But otherwise I like the account.
6 жыл бұрын
Can I use this account to pay for example my Netflix subscription and make it seen by Netflix as if I paid via USA-based bank account? Does it need any additional settings?
@tariik.h 5 жыл бұрын
You can pay via credit / debit card or PayPal. So it will only work with the TransferWise account if you've got the debit card mentioned in the video. Also, be aware that Netflix only provides access to licensed content for the country that you are accessing it from, so no matter where in the world your account is registered, you will always get the same content in your country. Your only potential benefit could be if you expect the USD price to be cheaper than your local price. Also, you would need to connect to a VPN or proxy to set up your account. However, it probably violates Netflix's TOS which could lead them to terminate your account. TLDR: Probably not a good idea.
@mohsinrazzaq1507 5 жыл бұрын
I wanna send money to alibaba trade assurance program by swift wire transfer and they are accepting currency in USD.my account is in uk. Can i TT them easily.means any centre bank fee and others like banks
@radheygovindpaliwal226 6 жыл бұрын
so does it mean that i will have to make an account in both the countries and then integrate to transferwise, i am a bit confuse.SO for example if i have to receive a payment from USA to india then other than my indian bank account,what other account will i need to create
@TheCurrencyShop 6 жыл бұрын
Hi Radhey, you just need one TransferWise account. If you're making a transfer from the USA to India, you would set up the TransferWise account, transfer the USD to them and they would transfer the money to the Indian bank account. The Borderless Account can be opened from within your TransferWise account, and this gives you access to local bank details in Australia, the US, UK and Europe, however you can also hold INR in the account. The process would then be the same to get it into an Indian bank account. Does this answer your question? :)
@radheygovindpaliwal226 6 жыл бұрын
yeah totally.Thanks
@dennis687 6 жыл бұрын
How do I send money from my U.K. bank to my bank in Thailand how do I add my uk bank to transfer wise so I can send money
@TheCurrencyShop 6 жыл бұрын
Hi Dennis. If you're transferring from the UK to Thailand, you will fill in the details of the UK account (from which you're funding the transfer) and the Thai account (that will be receiving the funds). If it's a one off transfer, the Borderless Account may not be necessary. Here is our video about how to set up an account and make a transfer with TransferWise: bit.ly/2Ls5H6b I hope this helps!
@elmerdiaz623 6 жыл бұрын
Question does the USD dollar bank account can be linked to paypal?
@TheCurrencyShop 6 жыл бұрын
Hi Elmer, At this stage I believe there are limitations in terms of the accounts that the Borderless Account can link to. This is a TransferWise support article about it: bit.ly/2IA0p7c
@sunny5610 4 жыл бұрын
I want to use 'TransferWise Borderless' multi-currency business account to receive payments for eCommerce website, but the way TransferWise works is that the USD is held in an account in the United States, GBP in the UK, EUR in Germany, AUD in Austrailia, and NZD in New Zealand. Does it mean that i have to pay tax in those countries too? Or can simply transfer my money to GBP account and pay tax in UK? I am a small business, paying tax in different countries will become too hectic for me, can you please suggest an easier work around.
@paulbishop6805 6 жыл бұрын
can you transfer money from Canada to the uk from your bank account
@TheCurrencyShop 6 жыл бұрын
Yes, you can. You won't need a Borderless Account to do that, you can just use TransferWise's money transfer service. Once you have you account set up, you'l transfer money from your bank account in Canada, to TransferWise and they make sure that the money arrives in the UK.
@officeoffice6788 5 жыл бұрын
What will be the bank name for US borderless account because its required when making wire transfer payment within the US
@TheCurrencyShop 5 жыл бұрын
The bank name for the US borderless account is CFSB.
@nezarnageeb5725 3 жыл бұрын
we need open IBAN in Yemen because I want transfer for my family in Yemen
@spiderpromos 4 жыл бұрын
I've got a U.K account. I go to Ireland and America a lot. I have a bank account in Ireland, at at present i make transfers from my U.K bank account to my Irish bank account. So...can I draw money out of my account in America if I haven't got a bank account in America?
@AchwaqKhalid 6 жыл бұрын
*Leupay* does that and more for a while now 🏦
@murriumkhan5708 5 жыл бұрын
Hi, when I sign up for an account, does it mean I get all the four account details or just one?
@erikistrup3477 5 жыл бұрын
You get 4 accounts and 4 account details, all different.
@denishutchins 5 жыл бұрын
I am travelling to Kenya in June. Was hoping to use the debit card to withdraw funds held in the account. I know you don't have the card yet but is that what it is meant to be good for?
@TheCurrencyShop 5 жыл бұрын
It's good for a lot of things but I'm not sure about using it to travel to Kenya. It's also not available in all countries yet.
@MA-oo7fw 5 жыл бұрын
5:57 damn well that rules it out for me,
@miehbs 4 жыл бұрын
Me too ! Have you found any alternative yet ?
@karimiskander6230 4 жыл бұрын
Anas Rachadi hey, that was two years ago, now it’s different 😊 check the description, she wrote an update
@liowketvui9320 4 жыл бұрын
antil now im have add whit currency all just see only.
@ishmaelboateng8268 5 жыл бұрын
Use to receive money from someone in USA through wave can the same person register for transfer wise??????
@TheCurrencyShop 5 жыл бұрын
Hi Ishmael, you can definitely be signed up to multiple money transfer companies. You would just need to choose which one to use each transfer. Hopefully this helps!
@KeepCalmAndTravel 5 жыл бұрын
Quick question. I just opened the Borderless account, added the money as requested, validated identity and requested the card (just in case). I work online and I receive money in USD, Euro and GPB. I have 2 bank accounts: one in GBP and one in Euros. So let's say someone pays me in GBP and I want to immediately transfer that money to my real bank account. Do I simply need to "send money" to my own bank with no fees? (just like the "withdraw" function on Paypal so to speak? Thanks! Also, I mainly opened this account for when I get paid in USD from Amazon.com as I don't have a US Bank account, I hope the conversion rate to transfer the USD into one of my bank accounts is more convenient than Paypal. Those fees and conversions are killing me.
@acw2237 5 жыл бұрын
Take a look at xoom also. .. its owned by paypal and can pickup money in USD. I will be using both. ...transferwise and xoom
@markaurit8990 4 жыл бұрын
Im a little confused - you refer to a person's account, yet[to my understanding] transferwise doesnt have accounts in the sense of a bank maintaining a person's funds. Where does the borderless account maintain the funds? Im sure Im not getting something ...
@peterleslie7790 5 жыл бұрын
Hi just wondered the £200 limit at foreign ATMs is that within a 'chronological month' eg July or say if I was away and it was last two weeks of July and first two weeks of August could I do two 'feeless' transactions as I am there in two different months. Thanks
@TheCurrencyShop 5 жыл бұрын
Hi Peter! This is an excellent question - we're not actually sure. We'll get in touch with TransferWise and let you know as soon as we do!
@TheCurrencyShop 5 жыл бұрын
Hi Peter - thanks for your patience! We spoke to TransferWise and the limit applies to a 30 day period, not the calendar month. So in your example, you would only be able to make £200 withdrawal without fees in that four week period. I hope that helps!
@simisup1011 4 жыл бұрын
Hi, I have a problem in opening an account. My bank doesn't allow transfer with Tranferwise so at the moment of opening an account, I can't send 30 AUD in order to activate it and get the bank details. Can I send the 30 dollars from any other bank also if is not under my name? I only want to activate it. No one knows this or mention it. Hope you can reply.
@sfriggex 5 жыл бұрын
Would you say that the TransferWise account could completly replace the traditional bank account right now?
@TheCurrencyShop 5 жыл бұрын
That's a great question. There are still some things that a traditional bank account can do, that the Borderless Account cannot. For example, you can't deposit cash into the Borderless Account, you need to transfer the funds electronically. Or you can't gain interest on the balance in your account. It's a very good product, but it might be a while before it can completely replace a traditional bank account.
@sfriggex 5 жыл бұрын
@@TheCurrencyShop Good observations, thanks!
@radheygovindpaliwal226 6 жыл бұрын
so from the way I see it, a transferwise account can be recognised and it can work like a payoneer or paypal account
@TheCurrencyShop 6 жыл бұрын
TransferWise is not a payment gateway. The borderless account is like a multi currency account.
@radheygovindpaliwal226 6 жыл бұрын
so like can i receive a payment from amazon if i am seller in transferwise account or not,i am talking about the us market place
@TheCurrencyShop 6 жыл бұрын
This support article from TransferWise might be helpful for you Radhey - bit.ly/2IA0p7c When transferring money TO your borderless account, the account you're transferring from must bear your name. I hope this helps!
@EmmanuelAchileIdoko 6 жыл бұрын
radhey govind paliwal it can receive money from Amazon
@jamesbyrd2625 6 жыл бұрын
Will a transferwise account allow me to transfer money to an Israel bank account from my U.S. Bank account?
@TheCurrencyShop 6 жыл бұрын
Hi James! TransferWise are definitely able to transfer money between USD and ILS. You can go their website to get a quote: bit.ly/2EeS71U Hope this helps!
@robertponcak5205 6 жыл бұрын
I don't understand this. In video, point 4 says: "Can only pay out funds in the country in which they were received". Isn't it in conflict with this point?
@TheCurrencyShop 6 жыл бұрын
Hi Robert, You're right! The Borderless Account wouldn't let you do this, but TransferWise also offer just a money transfer service. In James' example, there wouldn't be the need for the Borderless Account. He asked if he could make a transfer to Israel from his US bank account (we assumed he meant an actual account with a US bank), which is possible. Hope this helps clarify!
@teeteesmith9924 6 жыл бұрын
So if I have a small UK business, but I am being paid by an Italian company in Euros, what information do I need to provide the Italian company with so they can pay me. What do I need to do on Transferwise? I would want the money to be converted from Euros to GBP.
@TheCurrencyShop 6 жыл бұрын
Hi TeeTee, When you open up a Borderless Account you will be able to have an IBAN number. You can provide that to the Italian company who will then pay you as they would if they were making a local payment in Italy. Once the Euros were in your borderless account you could choose whether to leave them, or convert them to GBP. If you do convert them, TransferWise do this at the interbank rate at the time of conversion and will charge a percentage based fee.
@rklmbd2934 5 жыл бұрын
Note that this just gets it as far as your GBP account IN Transferwise. Now to take that money out, for example to get it to your regular high street bank account in GBP, Transferwise will charge another fee. If I'm not mistaken. And this is where it stops making sense. Because if I understand correctly, you can use your GBP balance within transferwise to pay someone else in the UK to their high street bank for free but if you want to take money out to your own bank then there's a charge?
@balitangvisdak1550 6 жыл бұрын
atm, i find online banking in japan so painful, so good luck reading those japanese characters in the bank website and using those japanese keyboards to input their characters.
@TheCurrencyShop 6 жыл бұрын
Sorry to hear about those complications Balitang!
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