They've cancelled the card and asked me to re-send from their website. Could they not have done that for me?

sorry dumb question - there are no fees to apply for this card and no fees to keep the card?

Batman:

 

sorry dumb question - there are no fees to apply for this card and no fees to keep the card?

 

Correct and correct.

Kyanar:

 

Batman:

 

sorry dumb question - there are no fees to apply for this card and no fees to keep the card?

 

 

Correct and correct.

 

and it's safe and legit?

Batman:

 

Kyanar:

 

Batman:

 

sorry dumb question - there are no fees to apply for this card and no fees to keep the card?

 

 

Correct and correct.

 

 

and it's safe and legit?

 

Sure is. I just used mine in Aussie for the past week. Been using them to send money to the UKL for about a year.

Batman:

 

and it's safe and legit?

 

Yes indeed. I've even gone so far as to set up a Transferwise account for my business - plugs into Xero as a bank account with feeds and everything!

tims: Apologies if asked before - I know there is a fee for ATM withdrawal (after a set amount per 30 days) but is there also a foreign transaction fee for buying goods/services while travelling overseas?

when using the money you have already transfered to that local currency? no  (apart from the ATM ones you mentioned already)

dan:

tims: Apologies if asked before - I know there is a fee for ATM withdrawal (after a set amount per 30 days) but is there also a foreign transaction fee for buying goods/services while travelling overseas?

 

when using the money you have already transfered to that local currency? no  (apart from the ATM ones you mentioned already)

TransferWise cards can now be used on GooglePay for contactless payments too.

Interesting press release today:

 

TransferWise, the global technology company building the best way to move money around the world, announces its customers are currently holding NZ$4 billion in balances in the multi-currency account. 

 

TransferWise’s account has seen rapid adoption year-on-year, driven by millions of expats, travellers, freelancers and businesses across the world looking for a cheaper, faster, transparent way to send, spend and receive money across borders at the real-exchange rate.

 

To mark the milestone, the company announces a new feature for Kiwis:

 

Instant cross-border payments between TransferWise customers, using just a mobile number

 

TransferWise’s Kiwi customers with a multi-currency account, will now be able to send domestic as well as cross-border transfers instantly between themselves, in more than 50 currencies, using just a mobile number, without the need to ask for any bank details. This is further evidence of a new global standard, which eliminates legacy banking, reliant on bank details for international transfers.

 

Tim Cameron, TransferWise New Zealand Country Manager, says "Now more than ever it's important that New Zealanders can move money efficiently around the world, without being stung with ridiculous fees.

 

“Banking works domestically but international money management is still notoriously hard. This new feature makes managing money across borders more convenient for everyone, without any need for confusing codes.

 

“Our new offering means whether you are still paying for a flat in London, or expecting a gift from someone in Australia you can send and receive money instantly and without fees."

 

Powered by smart technology, it ensures people automatically get the lowest price when sending money instantly across borders, between accounts. For example, if a TransferWise user wants to send NZD to another TransferWise user who doesn’t have an NZD balance in their TransferWise account, rather than converting the money, TransferWise’s smart tech will automatically open an NZD balance for the recipient for free. The recipient can then choose to keep the money in NZD, or convert it at a time that is convenient to them.

 

The main benefits include:

 

• Instant: send over 50 currencies to other TransferWise users in 170+ countries instantly regardless of the currency route
• Low-cost: same currency transfers between TransferWise users are free, while cross-currency transfers only incur a low conversion fee, usually between 0.4% and 0.7% of the transfer amount.
• Smart tech: TransferWise will automatically open a balance for you in the currency you’re sent money in. That way, the money doesn’t get converted unnecessarily and users can decide to hold money in whichever currency they need.
• Safe and secure: Contacts are synced within the TransferWise app with the user’s real name and profile picture, to ensure money is sent to the right recipient.
• Data control: option to switch on or off profile discoverability within the app settings. TransferWise never stores any contact data.

freitasm:

 

Interesting press release today:

 

 

TransferWise, the global technology company building the best way to move money around the world, announces its customers are currently holding NZ$4 billion in balances in the multi-currency account. 

 

TransferWise’s account has seen rapid adoption year-on-year, driven by millions of expats, travellers, freelancers and businesses across the world looking for a cheaper, faster, transparent way to send, spend and receive money across borders at the real-exchange rate.

 

To mark the milestone, the company announces a new feature for Kiwis:

 

Instant cross-border payments between TransferWise customers, using just a mobile number

 

TransferWise’s Kiwi customers with a multi-currency account, will now be able to send domestic as well as cross-border transfers instantly between themselves, in more than 50 currencies, using just a mobile number, without the need to ask for any bank details. This is further evidence of a new global standard, which eliminates legacy banking, reliant on bank details for international transfers.

 

Tim Cameron, TransferWise New Zealand Country Manager, says "Now more than ever it's important that New Zealanders can move money efficiently around the world, without being stung with ridiculous fees.

 

“Banking works domestically but international money management is still notoriously hard. This new feature makes managing money across borders more convenient for everyone, without any need for confusing codes.

 

“Our new offering means whether you are still paying for a flat in London, or expecting a gift from someone in Australia you can send and receive money instantly and without fees."

 

Powered by smart technology, it ensures people automatically get the lowest price when sending money instantly across borders, between accounts. For example, if a TransferWise user wants to send NZD to another TransferWise user who doesn’t have an NZD balance in their TransferWise account, rather than converting the money, TransferWise’s smart tech will automatically open an NZD balance for the recipient for free. The recipient can then choose to keep the money in NZD, or convert it at a time that is convenient to them.

 

The main benefits include:

 

• Instant: send over 50 currencies to other TransferWise users in 170+ countries instantly regardless of the currency route
• Low-cost: same currency transfers between TransferWise users are free, while cross-currency transfers only incur a low conversion fee, usually between 0.4% and 0.7% of the transfer amount.
• Smart tech: TransferWise will automatically open a balance for you in the currency you’re sent money in. That way, the money doesn’t get converted unnecessarily and users can decide to hold money in whichever currency they need.
• Safe and secure: Contacts are synced within the TransferWise app with the user’s real name and profile picture, to ensure money is sent to the right recipient.
• Data control: option to switch on or off profile discoverability within the app settings. TransferWise never stores any contact data.

 

Very cool. 

I like the idea of an instant open FCY acct if you don't want to be pinged with fees immediately.