36 thoughts on “How to open bank account online for free with Wise, formerly TransferWise?

  1. I live in the USA but I receive my monthly retirement money in a german bank.

    I use TransferWise every month to transfer money from my german bank account to my US bank account,; with other words, I have already a reference # from TransferWise.

    My question, can I open a borderless account with TransferWise?

    Looking forward for your early reply.

    Thank you in advance.

  2. Hi at transfer wise, soon I may need to take an account out with you, before i do could you tell me please ;Q 1,what are the addresses of your agents in can-goo Bali please, the address MUST be can-goo as the recipient of the transfer is on holiday there and has no transport. Q 2, What would the transfer cost be say for 200 euro to my recipient in
    can-goo,my euro,s would appear in Bali as Indonesian dollars i think, looking forward to your reply . Many Thanks Colm, ( so 200e to the local Indonesian currency)

  3. Can you purchase things such as airline tickets or train tickets online with your borderless account?

    1. The debit card that is linked to your borderless account is good to pay for tickets. Of course first you will need to deposit money to the borderless account.

  4. I receive money from an company in America, which they pay into a paypal account opened in Australia, up yo date I have had to transfer the money into my bank account in Australia and then another transfer from Australia to Thailand.
    Can I open a borderless account, have the paypal transferred in to it and then have it straight into my Thailand bank account. If possible what would the fees be?

    1. PayPal has really high margin for each transfer. You can save a lot if you just open TransferWise borderless account in USD currency and your American partner will pay to it using a local bank transfer. Then TransferWise can convert money to Thailand bahts applying mid-market exchange rate and send to your personal bank account. That may sound complex but it’s really easy.

  5. Hi Colm,
    This is a very informative post about an online bank account. TransferWise is one of the best options for an online bank account. The interesting part is it’s free and easy to use.
    Thank You!

  6. I have a GBP account in Egypt. I have to send money every month to my bank account in Thailand.
    Whether I do a TransferWise transfer through my bank account or through a borderless bank account, it looks like I have to do a SWIFT transfer which will have additional fees (probably making it similar to the fees I pay when I transfer through my bank).

    Does that sound correct? Any help would be greatly appreciated.

    1. If it’s a GBP account then I assume SWIFT transfer will not be required. Just register and try to make a small transfer to see how it works. You can cancel the transfer before uploading money if you find it too expensive for you.

  7. Hi there!
    Can a TransferWise account replace my bank account?
    My bank is making me suffer in so many ways!!!!!
    How can I deposit money into a TransferWise account without needing a normal bank account?

    1. As an option you can try getting your salary to TransferWise borderless account directly and use it as a main account. Keep in mind you can’t deposit with cash.

  8. do you do south africa as well? i am an S.A citizen, am interested by your offer. regards.

  9. I want to purchase an item from a small shop in France. They do not take credit cards. I am looking for an inexpensive, secure way to pay for the item. I need to send USD and have it converted to EURO. Is Transfer Wise an option for this transaction?

  10. Hi,
    I’ll like to know if the company i work for in Uk can transfer to me on transferwise and i will receive it in my local bank account here in Nigeria.

  11. Hi, we currently live in Syria, but we do have bank account with UNFCU in Newyork. Is it possible to use transferwise if I want to send money to the Philippines? Thanks

    1. You can send money to Philippines with Transferwise. I think the question here is if you can use your US account for sending money. Transferwise will expect you to send money from an account that is local to your country of residence.

  12. Hi we live in South Africa and my husband works offshore, can his salary go into
    a Transferwise account and can we leave it there for any period of time and is there interest earned on it. It would probably be left there so as to invest offshore from that account. I understand there is a debit card that one can use as well, what are the fees on the card if used here in SA?

    1. You can use borderless account as a regular account and receive salary on it. Both account and card are free, but I think no any interest can be earned on your account.

  13. Will my Transferwise account be linked to my local South African bank so that the government can see what my income is for tax reasons.

  14. I am satisfied border cash less account and I hope provide me best services of transfer money. thanks

  15. Hello there!

    I live in Papua New Guinea and I have already opened up a transferwise account intending to receive commissions for my online affiliate marketing business.

    Most of my customers use Paypal, Stripe, cash app mainly in the US. Can they use these online money services to transfer money to my transferwise account?

    Or will they open a tranferwise account to send money to my account?

    Karl, PNG

    1. If they are in the US just create a USD borderless account and ask your customers to make a regular bank transfer.

  16. Hey! I am UK based company and want to open an company’s official bank account where i receive payments in UK , USA and Europe and all can transfer money to payments my vendors. is it possible that i can do this with TransferWise?

  17. Hi I am not based in USA, but wish to open a Dollar Account for payments to be made around the world in Dollars. Can it be done ?

    What KYC documents that I need to provide ?

    1. You should be able to open borderless account in USD even if you are not USA resident. For KYC they usually ask your passport/ID. Later they may ask prof of address and prof of income source.

    1. Interesting question, not sure. Just try opening an account and setting up a transfer. If it allows – all good, if not – you loose nothing.

  18. Hello there, I have a passport for proof of ID, Could you elaborate in more detail if initially they ask for more than that and at what point they ask for address verification documents. I travel, so address change often.

    1. I think that’s should be enough to get started. They may ask for more later once you reach a specific threshold in total amount sent through Wise.

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