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Kia ora New Zealand! The Wise borderless account has landed.
Today, we’re launching the borderless account in New Zealand.
The Wise borderless accountis a new kind of global, multi-currency account. It lets you send and receive money around the world with the real exchange rate – the one you see on Google.
Independent market research says it's up to 9 x cheaper than using PayPal to send money from New Zealand, and up to 7 x cheaper to receive it.
We knew Kiwi customers were keen to use the borderless account, and we’ve been working hard to make this happen. So from today, New Zealand's gone borderless!
This launch is a huge milestone in the journey towards fairer, more transparent charges for sending money across borders. It means that now even more customers can pay and get paid around the world for less.
A game-changer for expats, freelancers and businesses
Anyone in New Zealand can set up a Wise borderless account to manage their international finances.
Freelancers and businesses can get one too. You can get paid around the world at the real exchange rate, settle international invoices, and handle payroll with ease.
Send, receive and convert the smart way
Here’s what you can do with a Wise borderless account:
Send money overseas for less
Send money with the real exchange rate to over 70 countries worldwide, up to 9x cheaper than PayPal.
Receive money internationally for free
Get your own international bank details for Australia, the UK, the US, the Eurozone, and New Zealand – so anyone in those countries can pay the local currency directly into your borderless account with zero fees.
Convert currencies with low fees
Hold money in over 40 different currencies, and switch between them in seconds at the real exchange rate.
There are no sneaky markups or hidden costs. We just charge a low transparent fee, which we always show upfront.
Do business better
Freelancers and businesses using the borderless account also get some handy tools to help your business thrive:
Sync your accounting with Xero
Sync your activity with Xero, everyone's favourite accounting tool. Track, manage, and sync your finances seamlessly. Learn more about Xero here.
Run your international payroll with one click
Upload a single file to make up to 1,000 transfers with just one payment. You can run your entire international payroll with a single click – all at the same price and speed as our individual transfers.
Automate your finances with our open API
Automate payments, connect your favourite business tools, and create beautiful ways to manage your finances. Read more about our open API here.
Join over 4m customers moving over NZ$5bn every month
Our customers are saving over NZ$5.5 million every day compared to using other providers. We’re also helping 150,000 international businesses to send over NZ$900 million every month.
Wise is on a mission to expand globally and help even more customers avoid bad exchange rates and hidden fees. And bringing fairer finance New Zealand has a part to play. Here’s what our chairman and co-founder, Taavet Hinrikus, had to say:
“One day anyone will be able to send and receive money, in any currency, from friends, customers or companies anywhere in the world, without worrying about the exchange rate. That’s the vision for the borderless account. Today’s launch in New Zealand is a huge step towards realising that future.”
This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
Money without borders
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