TransferWise - Borderless Account


(lewis oconnor) #41

sorry i mean how long before they would send one to you, i’ve got an account and im just waiting for them to be able to send me a card


(If there's the wrong end of a stick, you'll find me holding it.) #42

It was a few days in my case, but I believe they only sent out 1,000.


(Caspar Aremi) #43

Did you open the Transferwise account, or submit your details to get a card? I had my transferwise account for few months - I joined in August according to my email. I’ve not made any payments or received any deposits with it yet, but got my invite to try a card out last week. From what others have said, if you’re an active user it may be quicker.


(Caspar Aremi) #44

3000 according to my email. Maybe it’s bumped up since the first batch.


(lewis oconnor) #45

Ive had a general account for a while, I only opened a borderless account today


(If there's the wrong end of a stick, you'll find me holding it.) #46

Here’s what mine said. I can’t believe I was in the he first 1,000.

Edit to say, I’ve had a Transferwise account since July 2015


(Allie) #47

Mine said first 3000, I don’t believe it, LOL. The card fails in Great Northern-ThamesLink ticket machines for contact (but works for contactless). Haven’t done much other testing of it, I see little point.


(Simon B) #48

Been offered one - should have it in a few days time :slight_smile:


(lewis oconnor) #49

was this recently?


(Simon B) #50

For me? Yeah, I was offered it yesterday.


#51

just received mine, WOW IT’S GREEEN!


#52

Anybody got a Penta card yet? The one I saw was very green!


(Harry) #53

I received an email this afternoon to order a card! It’ll arrive by Wednesday at the latest, did anyone else get one? It’s a private invitation that went to 3,000 people.


(Andre Borie) #54

Got it as well. Card should be here either today or Monday.


#55

Have my TransferWise card, but yet to put it to the test.
The app looks a bit basic though
Until now I’ve been using Revolut with no issues so not sure how this card will play out


(Allie) #56

I’m suspicious of the 3,000 people bit…


(If there's the wrong end of a stick, you'll find me holding it.) #57

Especially as they told me it was 1,000


(Harry) #58

Are you calling Tessa a liar? :joy::joy:


#59

I’m a bit confused: when depositing say £ in the borderless account, does it automatically show a balance in each of the activated currencies? Or does each currency has its own balance, and if that’s the case, is this any different than holding multiple accounts in different currencies?

Also, what’s up with this fee for transfering money to a same currency account? Paying eg for a £ transfer to Monzo doesn’t seem very competitive.


(If there's the wrong end of a stick, you'll find me holding it.) #60

That’s it. Upload pounds to sterling account, and you can move that to your account in other currencies.

The advantage over holding separate accounts is that the fees are low. I can see little point in it without the debit card, as there are fees for transferring funds out.

It allows you to hedge your currency exchange for holidays or trips overseas. For example, I have £200 in Euros which is roughly half my expected outgoing for a forthcoming trip. So half my spending will be with TransferWise at a 2 month old rate, and half with Monzo at whatever rate it is on the day.