This post could have been sponsored by TransferWise, but somehow it did not happen, this is why we share an excellent service for making Bank transfers around the world.

TranserWise – is one of the most popular platforms for sending money abroad, due to its ultra-small fees and high-speed transfers.

This is a British company with a billion-dollar turnover.

What are the benefits of a Borderless account?

🔅Bank account details 🧾

You can get European and American banking details (and other countries too). This is a perfect option as a Deposit Method for your Amazon account.

🔅Money sending and receiving 💸

An opportunity to send and receive money, both within the country and abroad, including Ukraine and Russia, via the mobile app.

We tested this system via transfers to Ukrainian banking details. Money comes in as a transfer inside the Bank (tested in Private Bank via IBAN transfer).

🔅 Debit card 💳

All customers with an American, European, New Zealand or Singapore address, regardless of the passport you have opened an account with, can apply for a MasterCard debit card.

🔅 Currency exchange 💵

A Borderless account is multi-currency. Currency exchange fee is minimal. We have had the chance to learn from our own experience, working with different services, banks and brokers, that TransferWise offers some of the best conditions among the competitors.

Key advantages of a Borderless account:

✅ No transfer fee for transactions inside the TransferWise system;

✅ Sending, receiving and converting currency in one account;

✅ No fee for opening a Borderless account at TransferWise (despite the initial Deposit, which you can use immediately), no monthly payment for account maintenance.

If you have an available address for ordering a card, after receiving it, you can use it as a Charge Method for your Amazon account, because it is debit.

The only disadvantage is that you have the one set of banking details for one account in one currency. You cannot link multiple stores and get sub accounts like in Payoneer. You will not be able to link all your Amazon accounts to one and make payments around the world.