Avoid Monsterous Foreign Transaction fee with the TransferWise Debit Card

 In order to use the debit card, users need to add money to their multi-currency account and most users will pre-convert the money before spending with the card.  

 What is the card for? 

The TransferWise debit card is suitable for international and domestic transactions, for example: 

• Expats travelling between their country of residence and home country 

• Online shoppers who order from international or foreign websites (including Amazon)

• Travellers going abroad for leisure or business can spend or withdraw money from ATMs at a fraction of the fees of a bank travel card  

There are two types of scenarios:

Scenario 1 – New TransferWise user signs up and opens a TransferWise multi-currency account. They top up the account with GBP and convert it to EUR. They then spend EUR with their debit card. 

 This  flexible activity shows transferwise ease of flexibility , as the first cross-currency action is a conversion on the balance account and is tracked as BORDERLESS_CROSS.

 

Scenario 2 – New TransferWise user signs up, opens a TransferWise multi-currency account. They top up with GBP and then go to Europe where they use the card to pay in EUR, they allow the auto-conversion to happen in real time on the debit card. This counts as a CARD_CROSS action.

This is the new scenario which we will complement 
 
 

 

Who can get the card and what it costs to use it? 

Currently, our debit card is available to customers in the US, UK, Eurozone, Australia, Singapore, and New Zealand (full list here). Any resident or business registered in those countries can order the TransferWise debit card. 

 

There is a one-off fee of £5 to order the card for personal users (businesses get the card for free). 
 

You can find detailed information about our debit card and fees for using it in this TransferWise Help Centre section.

 

What is the card for? 

The TransferWise debit card is suitable for international and domestic transactions, for example: 

• Expats travelling between their country of residence and home country 

• Online shoppers who order from international or foreign websites (including Amazon)

• Travellers going abroad for leisure or business can spend or withdraw money from ATMs at a fraction of the fees of a bank travel card