TransferWise Sign Up, Reviews & TransferWise Registration for Online Card

TransferWise Sign Up, Reviews & TransferWise Registration for Online Card – TransferWise review

TransferWise is a Great money transfer service adopted by many users round the world. TransferWise is highly reputable and trusted by more than 7 million customers (10/10), has a very high number, and percentage of customer reviews on TrustPilot (9/10), offers competitive rates (8.8/10), and is very easy to use (8/10).

TransferWise mobile apps review

TransferWise mobile apps have great ratings on Apple’s App Store (4.7/5 stars on 20,200 ratings) and Google’s Play Store (4.2/5 more than 87,000 ratings). According to TransferWise customers, the app is “an invaluable tool for anyone moving money internationally”.

TransferWise Sign Up – How to Create a New TransferWise Account

This step guides you from creating a new TransferWise account, getting your accounts of different currency, and applying for a debit card.

Follow the every steps shown and you get the same success.

Step 1: Visit the TransferWise main website sign up page here

Step 2: Choose how you wish to start your TransferWise new account registration.

There are TWO ways you can start your registration;

(1) using an email address: this means you need to fill the form and providing an email address to register with.

(2) using a third-party account: you can either use a Google account, Facebook account or an Apple account. This way, your TransferWise account automatically bears the same name on those third party accounts.

Filling the form gives you the opportunity of selecting between a personal account and a business account type to main with TransferWise. No much different though.

Also Read – How to Transfer Money from Skrill to PayPal

Select a personal account requires you to provide “Country of residence”, whereas, the business account requires you to provide “your business Country of registration” – that’s all!

Step 4: Fill the TransferWise registration form.

In the form, your country of origin, phone number, email address, name, etc. are needed to complete the form.

After which, login to your email (if you’ve chosen to fill the form) to verify your registration. Also, note that TransferWise will be sending you an SMS to verify your phone number too.

You have completed the TransferWise new account registration. Now let’s look into other areas of TransferWise such as getting account number and debit/credit card.

How to Get a TransferWise Account Number

Go to Home
Choose Open a balance
Choose one of the currencies that has bank details
Once you have the balance opened, click on Get bank details
If it’s the first time you’re getting bank details, you might need to complete some requirements first

Once you’ve completed all of the requirements, you’ll have your own bank details that can be shared with whoever wants to send you money — friends, companies, or customers.

What are the requirements for my personal TransferWise account Sign Up?

When you get bank details for the first time, you’ll need to add 20 GBP to your account (or equivalent in your currency) and verify your identity.

You only have to do these two steps for the first set of bank details you get. After that, you can freely get bank details for any of the other currencies that have them.

How does TransferWise verify my identity?

When you open a bank account, you usually need to take some ID into the bank branch. TransferWise is no different. This is also a financial institution, so they need to know who’s using their service. It helps them combat money laundering, and keep everyone’s money safe.

So depending on where you’re sending money from, and how much you send, we’ll ask for you to verify your identity.

Types of identification

We accept these documents to verify your identity:

Passport (photo page only)
- We don’t accept Russian or Ukrainian internal passports, so you’ll need to use a driving licence or international passport instead
National ID card (we only accept the most recent version of the Nigerian national ID card)
Photo driver’s licence.

However, there are a few exceptions:

Sending NZD: if you live in New Zealand and send from NZD, we need to verify your identity and address. We don’t accept Kiwi Access Card as identity documents.
Sending JPY: you will need to confirm your My Number along with your ID. Accepted documents are: My Number Card (both sides), My Number notification slip, or Jūminhyō with My Number on it.
Sending from BRL: we can only verify your documents that are issued in Brazil. This can be your driving licence (front and back), passport, or Brazilian issued ID card (RG).
- For the Brazilian issued ID card: Although this card may not have an expiry date, we can only accept it if it’s been issued in the past 15 years. We’ll also need to see the front and back.
If you’re a refugee: depending on which country you’re in, we can accept more documents than the ones listed above. Learn about verification for refugees
Sending from AED: we can only accept your valid Emirates ID card or passport. In some cases, we’ll need both — be sure to have both documents ready.

What are the requirements for my TransferWise for Business account?

When you get bank details for the first time on your business account, you’ll need to pay a small one-time setup fee and then get verified.

The fee can be anywhere between 16–21 GBP (or equivalent in your currency). The fee depends on where your business is registered. Some countries cost us more to verify you, so we might charge you a higher fee. You can only pay the fee using your debit/credit card or from your balance. If you want to pay from a balance, you would first need to add money to your account.

After paying the fee, we’ll get started on verifying your business. Once verified, you’ll get your bank details. If we can’t verify your business, we’ll refund the fee back to you.

You only have to do these 2 steps for the first set of bank details you get. After that, you can freely get bank details for any of the other currencies that have them.

All of your bank details will also show in your Account tab in the Account Services section.

Here’s how to verify your business

Register for free. It’s easy to sign up for your TransferWise for Business account.
Tell TransferWise your business. You’ll need to share details like your business registration, where you’re located, the industry you’re in, any online or social presence, and name, date of birth, and country of residence for all legal business owners and directors.
Tell TransferWise about yourself. As the admin of this account, we need your personal details and your role in the business. If you’re not the director or owner of the company, you may need to include additional information.
Set up and pay for a transfer. If you are opening bank details, you’ll need to add money to your account.
Now it’s our turn. If we ask to verify you, once we receive your money, we’ll work to get it done within 2–3 working days.
That’s it! You’re verified. We’ll resume your transfer, and send you a confirmation email, when we’ve verified your business.

How to Apply for TransferWise Debit or Credit Card

The TransferWise debit Master card allows you shop on the web, withdraw your money from any ATM(s) in the world, and its auto-convert your money on the go – which allows you to spend or withdraw with the real exchange rate in more than 150 countries.

To apply for TransferWise debit Master card, simply;