TransferWise wins restricted banking licence in Australia

TransferWise has been granted a licence to gain direct access to Australia's real-time payment system by the country's Prudential Regulatory Authority.

Wise vs Banks | Is an Easy Choice


Here’s the Wise (formally TransferWise) link you need: https://transferwise.prf.hn/click/camref:1011lfsFy/ar:channelwide/destination:https%3A%2F%2Ftransferwise.com%2Fc%2Fexpatseverywhere

What do you get with this link? Your first transfer up to £500 will be free.

Conditions apply! What are the conditions for this offer?
1. It is available for new customers to TransferWise only. The link won’t work if you are an existing customer or have already registered. You can create a new account though to get the free transfer!
2. This is for a one time use only. For example, if you send £300 in your first transfer, you won’t be able to use the £200 remaining credit in a secondary transfer.
3. This is valid on your first transfer only. So if you set up a transfer, cancel that, and then reset a new one, then this would invalidate the transfer.
4. This is only available for the TW ‘send money’ feature. It won’t work on multi-currency account balance conversions or on a card application.

Josh and Kalie from ExpatsEverywhere personally use TransferWise and they are here today to explain how you can use it too. What is TransferWise? It’s a cheap, fast way to send money abroad using the real exchange rate. Choose from a variety of different currencies, open several wallets with actual bank info, don’t get hit with hidden fees from the bank using their interbank rate, and more! You can also get a debit card to use at an ATM and as long as you’ve opened up the currency in your account, you won’t have to worry about TW charging you a withdrawal fee. Join over 9 million users and choose a better exchange rate today!

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Which Bank is Best for You? Australian Lender Tier List


Chat about the banking system here in Australia and how you can use banks either as an owner occupier or an investor to achieve great outcomes!

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The Listener acknowledges and agrees that:
Any information provided by us is provided as general information and for general information purposes only. We have not taken the Listeners’ personal and financial circumstances into account when providing information. We must not and have not provided legal, financial or taxation advice to the Listener. The information provided must be verified by the Listener prior to the Listener acting or relying on the information by an independent professional advisor including a legal, financial, taxation advisor and the Listener’s accountant. The information may not be suitable or applicable to the Listener’s individual circumstances. We do not hold an Australian Financial Services Licence as defined by section 9 of the Corporations Act 2001 (Cth) and we are not authorised to provide financial services to the Listener, and we have not provided financial services to the Listener.

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