Unique Selling Point:
With TransferWise’s multi-currency “Borderless Account” you can send, receive and spend your money in multiple currencies all over the world. This is a flexible online account that comes with a TransferWise Mastercard,  as well as providing you with unique banking details for the US, UK, EU, Australia, and New Zealand, so you can always get paid locally with no fees.

Who is this app for:
If you’re looking for an online money transfer service with a clear, transparent approach to pricing, a selection of payment options and a million dollar transfer limit, then TransferWise may be for you. Perhaps TransferWise’s most prominent feature is their approach to transparency and fees. For every transfer they clearly show the breakdown of the current mid-market exchange rate, how much the additional fees will cost you (0.3% – 0.5% ), and how much money they make from the transaction. They even provide a breakdown of the revenue that they generate and how they spend it. It is likely this “radical transparency” and their “charge as little as possible” principles, as well as their strong products and flexibility that have led TransferWise to rapidly become one of the biggest players in online money transfers since they launched in 2011.

Bonus points:
– With the TransferWise debit card (currently unavailable in NV & HI) and TransferWise app, you can hold money in different currencies, and spend money around the world automatically using the local currency for the lowest fees.