TransferWise - new Borderless Account and Debit MasterCard launched

Forums › Travel (planes, train, cruise) › TransferWise - new Borderless Account and Debit MasterCard launched

Handsomedan

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#255535 16-Aug-2019 14:51

Came across this today and it looks like a good alternative to the traditional providers.

All the usual marketing blurb, but have noticed that since their launch a few months ago, they've now added a Debit MasterCard with multi-currency and a bunch of smarts that appears to be cheaper than the rest.

TransferWise MasterCard Debit Launch NZ

"The TransferWise borderless account is a new kind of global, multi-currency account. It lets you send and receive money around the world with the real exchange rate – the one you see on Google.

Independent market research says it's up to 9 x cheaper than using PayPal to send money from New Zealand, and up to 7 x cheaper to receive it.

We knew Kiwi customers were keen to use the borderless account, and we’ve been working hard to make this happen. So from today, New Zealand's gone borderless!

This launch is a huge milestone in the journey towards fairer, more transparent charges for sending money across borders. It means that now even more customers can pay and get paid around the world for less."

I've ordered one - will see what comes of it...it was a quick and painless set up

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#2300456 16-Aug-2019 14:51

Allow me to introduce you folks to our new travel community: TravelTalk NZ.

We hope to see you there!

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#2300579 16-Aug-2019 20:10

Yes, got the press release... Opened an account yesterday and got a debit card linked to it. You get a bank account number for deposits in the US, NZ and other countries - funds go directly to this card. Convenient for receiving payments from overseas.

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sonyxperiageek

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#2300651 16-Aug-2019 22:41

Is there a fee to withdrawal money out of your NZD balance on TransferWise to your own bank account?

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#2300659 16-Aug-2019 23:11

sonyxperiageek:

Is there a fee to withdrawal money out of your NZD balance on TransferWise to your own bank account?

I've been using Transferwise for most of my AUD-NZD transfers for a few months, the other week I setup an NZD borderless account as well as my AUD one and did a transfer back via it. There is a % fee for sending NZD to NZD.

Amount sent 500 NZD

Converts to 498.55 NZD

Fee 1.45 NZD

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#2300661 16-Aug-2019 23:18

I see, thanks. Also just signed up.

Because of all the different currencies you can keep in Transferwise, I wonder if some may even use it as a platform for currency trading.

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tripp

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#2300677 17-Aug-2019 07:38

I wonder if it will work with some services that don't let you use nz credit cards :P

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freitasm

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#2300691 17-Aug-2019 09:08

tripp:

I wonder if it will work with some services that don't let you use nz credit cards :P

I doubt it. Some of these services use cards issued in Malta or other country...

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#2300909 17-Aug-2019 15:43

I have been using TransferWise for some years now, but most recently it has proven useful for transferring GBP pensions into NZD by providing some control over timing for improved exchange rates. The advent of the Mastercard debit card is a real game changer eg we are off to Oz for a holiday next week so I can convert my GBP into AUD at the current mid-point exchange rate and no fee, then spend AUD on the card with no fee; moreover, can use at ATM for AUD with no fee for up to a $350 within 30 days. The only thing to note is, although a debit card, in NZ and AUS you have to select Credit rather than Cheque on the POS machine!

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#2307882 29-Aug-2019 15:00

The links in the OP seem a bit weird. If I click on them when not using an adblocker, they redirect to pwieu.com/blank-page (not nice I understand). If I use an adblocker they go to the correct site. Don't think its me as it is the same on desktop and android phone. If I hover over the links in either condition they seem to be OK. Any thoughts?

GZ is one of the few sites I don't use an adblocker and I'd like it to stay that way.

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Handsomedan

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#2307884 29-Aug-2019 15:05

MartinGZ:

The links in the OP seem a bit weird. If I click on them when not using an adblocker, they redirect to pwieu.com/blank-page (not nice I understand). If I use an adblocker they go to the correct site. Don't think its me as it is the same on desktop and android phone. If I hover over the links in either condition they seem to be OK. Any thoughts?

GZ is one of the few sites I don't use an adblocker and I'd like it to stay that way.

Hmm...that's odd - I just used the addresses from the site in question. Perhaps @freitasm can shed some light on that...I certainly didn't intend to link to anything other than the legitimate site

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#2307889 29-Aug-2019 15:17

I've been waiting for this for ages - great news! I use this for moving my income earned overseas back to NZ, and it is by far the cheapest method I've found.
If signing up, click this - https://transferwise.com/u/grahamc158
You (and me) get (I think) get £50 off transfers.

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#2307903 29-Aug-2019 15:54

@MartinGZ:

The links in the OP seem a bit weird. If I click on them when not using an adblocker, they redirect to pwieu.com/blank-page (not nice I understand). If I use an adblocker they go to the correct site. Don't think its me as it is the same on desktop and android phone. If I hover over the links in either condition they seem to be OK. Any thoughts?

GZ is one of the few sites I don't use an adblocker and I'd like it to stay that way.

The links work for me. So I wonder if your your computer or router have some DNS poisoning happening - some malware perhaps? Does it happen on your Android phone when connected to WiFi? Tried with WiFi off?

If you ping transferwise.com what do you get? I have 104.16.41.16

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MartinGZ

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#2307982 29-Aug-2019 18:22

@freitasm

Ping = 104.16.40.16 which is transferwise.
Just in case, I installed Malwarebytes on the PC and it came up with nothing.

With Android, it's the same on 4G or Wi-Fi.

I've played around and found the following repeatable with Opera Android (v53), which I think you have. I wasn't quite correct before, but with this page open at the OP:

Opera Settings: Data savings OFF, Ad blocking OFF, refresh page.
Long press on the TravelWise link and you get the viglink redirect shown below. If clicked it sends you to pwieu.
Opera Settings: Data savings OFF, Ad blocking ON, refresh page.
Long press on the TravelWise link and you get the viglink redirect below.
Opera Settings: Data savings ON, Ad blocking OFF, refresh page.
Long press on the TravelWise link and you get the correct link below.
Opera Settings: Data savings ON, Ad blocking ON, refresh page.
Long press on the TravelWise link and you get the correct link below.

Redirect Link (note I've split this so it doesn't load for everyone.):

https://redirect.viglink.com/?

format=go&jsonp=vglnk_156705652648221&key=52c49b41c094df83a0993effa5865823&libId=jzw8yrjd0100fjo4000DA3z431o7l&loc=https%3A%2F%2Fwww.geekzone.co.nz%2Fforums.asp%3Fforumid%3D179%26topicid%3D255535&v=1&opt=true&out=https%3A%2F%2Ftransferwise.com%2Fnz%2Fborderless%2Ftravel%3Futm_source%3Dhomepage%26utm_medium%3Dbanner%26utm_campaign%3Dnz_card_launch&ref=https%3A%2F%2Fwww.geekzone.co.nz%2Fforums.asp%3Fforumid%3D179&title=TransferWise%20-%20new%20Borderless%20Account%20and%20Debit%20MasterCard%20launched&txt=TransferWise%20MasterCard%20Debit%20Launch%20NZ

Correct Link:

https://transferwise.com/nz/borderless/travel?utm_source=homepage&utm_medium=banner&utm_campaign=nz_card_launch

freitasm

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#2308001 29-Aug-2019 18:41

Viglink is ok - it is our aff link manager. But it only comes in play when you are not logged in.

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MartinGZ

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#2308011 29-Aug-2019 18:58

I confirm I do not get this issue when I log in. Perhaps that Viglink is broken?

I do 99% of my browsing without being logged in, only logging in when needing to. It's a privacy thing. And yes, you should see the tin hat collection. ;-)

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