TransferWise Debit Card VS Root Insurance

TransferWise Debit Card mentions (13)

• Invoicing foreign country

  You can get a European bank account with Wise and transfer the money to your SA bank account at much lower fees than PayPal or whatnot. You will also get much better conversion rates than having the company do SWIFT payments into your SA account. Source: 11 months ago

• Looking for a UK bank account that I can use to pay bills/direct debits to French companies. Credit Agricole Britline turned me down :(

  Have you looked into a Wise multi currency account? I believe you can setup SEPA (euro) direct debits with it as well as send SEPA transfers in euros with low fees: https://wise.com/gb/multi-currency-account/. Source: over 1 year ago

• Joint bank account

  If not, I would also recommend Wise. It's a great service, especially if you are going to need to fund the account with both GBP and EUR. Not only can you use Wise to move GBP to EUR, you could also use it as a multi-currency bank account. Source: almost 2 years ago

• US Bank for non-US citizen/resident (EU citizen)

  Yeah I agree - OP should investigate getting a Wise multi currency account in USD https://wise.com/gb/multi-currency-account/. Source: about 2 years ago

• I need to get paid in USD. Can i open a USD bank account here? Or else what can be done here?

  Try this, it's cheaper and easier https://wise.com/gb/multi-currency-account/. Source: about 2 years ago

Root Insurance mentions (0)