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Old 26.05.2017, 12:20
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Re: Transferwise Borderless account

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I am usually a big fan of Currencyfair over Transferwise, but now the latter guys might be on to something big:

Transferwise now offers a "borderless account". It means you receive individual EU, UK and US bank account details, and can use them just like a personal account.

Apparently the same is about to be introduced for Switzerland.

If this happens, it's quite a solution for lots of scenarios. This account can remain open even after leaving Switzerland, and everyone who's not resident in Switzerland can equally open one.

Obviously it probably won't be good to park our millions, but it should allow normal transactions, like receiving occasional payments or, in some years, a possible pension.

Just thought IŽll give a heads up on the availability on the product this far.
I have just set up & been verified. I don't seem to have an account as such, you nominate where the money goes to. I don't see it being as much use as you have to email request money unless I have not understood so more like PayPal
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