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  #61  
Old 27.08.2018, 14:00
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Re: Transferwise Borderless account

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Are you sure? I topped up EUR from Postfin last week and was not charged a cent, nor was I for a €150 withdrawal from an ATM in Wittenheim on Saturday. I know that there is a 2% charge on withdrawals over £200 within any 30 day period though.
OK it's the over £200 limit then, I never get that little out of an ATM, so it's for people who live a very frugal lifestyle.
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  #62  
Old 27.08.2018, 14:16
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Re: Transferwise Borderless account

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OK it's the over £200 limit then, I never get that little out of an ATM, so it's for people who live a very frugal lifestyle.
Or people who mainly have card transactions...

I travel a lot outside Switzerland and don't have issues with the £200 threshold because I try to pay with the card and not cash.
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  #63  
Old 27.08.2018, 14:40
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Re: Transferwise Borderless account

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Or people who mainly have card transactions...

I travel a lot outside Switzerland and don't have issues with the £200 threshold because I try to pay with the card and not cash.
You can also have both TW and revolut to have a total of 400GBP to withdraw
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  #64  
Old 27.08.2018, 14:51
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Re: Transferwise Borderless account

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You can also have both TW and revolut to have a total of 400GBP to withdraw
I need to pay builders, £400 does not get far.
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  #65  
Old 03.11.2018, 18:05
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Re: Transferwise Borderless account

Can someone please explain to me the difference between Transferwise Borderless and Revolut?
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  #66  
Old 03.11.2018, 18:33
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Re: Transferwise Borderless account

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Can someone please explain to me the difference between Transferwise Borderless and Revolut?
Revolut charge to have the card posted, mine arrived today. I don't think there is much in it, Revolut had a charge from a USD debit card but possibly gives a slightly better rate.
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  #67  
Old 12.12.2018, 00:50
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Re: Transferwise Borderless account

Hello Transferwise fans,

I just openned the Transferwise account, but I dont see the detail of bank account for CHF currency, I see only bank details of Euro, USD, Pound.

I just wonder, how can I make the bank transfer to CHF account without knowing its IBAN, BIC ..

Maybe, my setting is not correct ? any suggestions ?

Thank you.
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  #68  
Old 12.12.2018, 01:16
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Re: Transferwise Borderless account

Just click on "add money" and not on "add balance".
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  #69  
Old 12.12.2018, 14:10
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Re: Transferwise Borderless account

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Can someone please explain to me the difference between Transferwise Borderless and Revolut?
There is a long answer...and my answer which is short(ish)...

I have both, Revolut offer a paid account but I use the free one and so will compare like with like.

At their core they are very similar. Both allow you to hold money with them in different currencies and then transfer between currencies with much lower charges than traditional banks.

With TW Borderless there is an app and you can use them online. You get a single physical debit card (mine is MasterCard) and that is it.

With Revolut there is an app only (no online banking) but their app is brilliant and easy to use. You can have physical and virtual cards, you can "freeze" cards very simply in the app for security, it has a better breakdown of spending and better allocation of IBANS etc for different currency accounts.

If I had to summarise, TW Borderless is good for transferring money, Revolut is good for transferring money AND general banking.
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  #70  
Old 12.12.2018, 14:13
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Re: Transferwise Borderless account

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There is a long answer...and my answer which is short(ish)...

I have both, Revolut offer a paid account but I use the free one and so will compare like with like.

At their core they are very similar. Both allow you to hold money with them in different currencies and then transfer between currencies with much lower charges than traditional banks.

With TW Borderless there is an app and you can use them online. You get a single physical debit card (mine is MasterCard) and that is it.

With Revolut there is an app only (no online banking) but their app is brilliant and easy to use. You can have physical and virtual cards, you can "freeze" cards very simply in the app for security, it has a better breakdown of spending and better allocation of IBANS etc for different currency accounts.

If I had to summarise, TW Borderless is good for transferring money, Revolut is good for transferring money AND general banking.



TW you pay a fee for currency exchanges. With Revolut you don't, unless you go over a limit.
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Old 12.12.2018, 15:31
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Re: Transferwise Borderless account

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Hello Transferwise fans,

I just openned the Transferwise account, but I dont see the detail of bank account for CHF currency, I see only bank details of Euro, USD, Pound.

I just wonder, how can I make the bank transfer to CHF account without knowing its IBAN, BIC ..

Maybe, my setting is not correct ? any suggestions ?

Thank you.
Transferwise does not offer a personal account for other currencies than the ones you list. But as Landers say, you can still transfer money to TW in CHF (or any currency) by clicking the appropriate button. You will then receive the banking details from Transferwise where you should send the amount to before they will show up on your account.
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  #72  
Old 12.12.2018, 15:44
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Re: Transferwise Borderless account

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There is a long answer...and my answer which is short(ish)...

I have both, Revolut offer a paid account but I use the free one and so will compare like with like.

At their core they are very similar. Both allow you to hold money with them in different currencies and then transfer between currencies with much lower charges than traditional banks.

With TW Borderless there is an app and you can use them online. You get a single physical debit card (mine is MasterCard) and that is it.

With Revolut there is an app only (no online banking) but their app is brilliant and easy to use. You can have physical and virtual cards, you can "freeze" cards very simply in the app for security, it has a better breakdown of spending and better allocation of IBANS etc for different currency accounts.

If I had to summarise, TW Borderless is good for transferring money, Revolut is good for transferring money AND general banking.
You can also freeze the Transferwise card and Revolut are switching to personal IBANs, 1 IBAN for all of your currency deposits, so the whole thing with providing a reference with your deposit will be a thing of the past.
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  #73  
Old 12.12.2018, 15:58
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Re: Transferwise Borderless account

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You can also freeze the Transferwise card and Revolut are switching to personal IBANs,
I do not understand that. Freeze what?
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  #74  
Old 12.12.2018, 17:24
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Re: Transferwise Borderless account

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I do not understand that. Freeze what?



Chickens maybe ?
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  #75  
Old 12.12.2018, 19:18
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Re: Transferwise Borderless account

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I do not understand that. Freeze what?

You can freeze the card. So, for example if you cannot find it when you need it, you can freeze it to make sure that it cannot be used. It's also possible to disable the contactless feature, magnetic stripe and chip and pin in any combination.
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  #76  
Old 12.12.2018, 20:28
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Re: Transferwise Borderless account

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You can freeze the card. So, for example if you cannot find it when you need it, you can freeze it to make sure that it cannot be used. It's also possible to disable the contactless feature, magnetic stripe and chip and pin in any combination.
Ah that, yes, one of the nice things with Revolut that you can disable certain functions.
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  #77  
Old 15.12.2018, 14:16
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Re: Transferwise Borderless account

Unless I'm being really thick, the only issue with Revolut is that you can't easily transfer francs into your account like you can with Transferwise (they have a Swiss IBAN). So I get around this by Transferring CHF funds to TW and then use the Debit card to transfer CHF to Revolut. Bit long winded, but no fees.
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  #78  
Old 15.12.2018, 17:20
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Re: Transferwise Borderless account

I have been aware of the fact that Revolut doesnt have a Swiss IBAN and TW does, so I can follow most of your post, apart from the last bit. Whose debit card do you use for the transfer from TW to Revolut?

Last edited by Marsalforn; 15.12.2018 at 17:21. Reason: Typo
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Old 15.12.2018, 20:08
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Re: Transferwise Borderless account

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Whose debit card do you use for the transfer from TW to Revolut?
Yours... TransferWise can issue you one of their Borderless account cards. You need first to set up a Borderless account, then you get the card...

Last edited by wheatism; 15.12.2018 at 20:09. Reason: Fixed typos
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Old 15.12.2018, 22:16
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Re: Transferwise Borderless account

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I have been aware of the fact that Revolut doesnt have a Swiss IBAN and TW does, so I can follow most of your post, apart from the last bit. Whose debit card do you use for the transfer from TW to Revolut?
I use the TW debit card. You go into the Revolut app, create a CHF virtual account and then add funds with any debit card.
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