TransferWise - Global currency exchange & bank accounts

money-transfer
bank

#1

I recently had to send money to European bank accounts. Europe has had a much more modern system that enables electronic transfers (no cheques!) for a long time. But — you need a European bank to send from.

TransferWise takes care of this, letting you send money electronically too/from many different bank accounts and currencies, at a good exchange rate.

They also now have what they calls a Borderless Account — they’ll create and host an EU, USD, UK, or Australian local bank accounts for you.

Not available in Canada yet, but they’ll also give you a bank card so you can charge to those accounts directly.

Also supports businesses. For both personal and business, you’ll need to go through a full KYC as part of setup.


Options for Business Banking & Company Credit Cards in the US
#2

Our employee in Argentina has this. We successfully sent money to him but had to do it through other means because Transferwise won’t deal with cryptocurrency companies.


#3

Yes. Banking for crypto companies in general is problematic.

I know that Brave uses Uphold https://uphold.com/ for crypto to fiat but I have no idea what the costs are.

I need to do some research on crypto payroll.