I have recently been receiving SayABC referral bonuses through TransferWise, so I've decided to rework my previous article that was catered towards DaDa.
(DigiNo is not responsible for any wrong details that you give within the process detailed below and everything is at your own risk ).
Why Use TransferWise to receive your SayABC Pay?
Because it's a much cheaper way for those outside of the US. It's away to avoid high bank fees for conversions when receiving money from China. Here is my DaDa – TransferWise video for a full explanation on fees and how to get set up:
Just imagine that I'm saying ‘SayABC' instead of ‘DaDa' and the fundamentals are the same:
Does TransferWise Actually Work?
Yes. No need to worry.
Here's an image from my TransferWise account receiving DaDa online teaching pay…
And here is me with my TransferWise debit card which you'll get when you set up a borderless account here.
So How Do I Set Up TransferWise for SayABC?
Simply click here to go to the website and follow the instructions to create an account. Once this is set up, you want to open an account in USD (I say USD as this is what I use). GBP is also an option but I've never tested it so I don't promote it.
Now you need to send your new account information to SayABC
What is the information I should give to SayABC?
Once you have created your TransferWise account, you want to click on the ‘Balances' tab on the left and then click to activate your TransferWise Borderless account.
You should then see this information with your name and numbers in it – it is blank here as I have removed them for the sake of privacy.
TransferWise use a local US bank called Community Federal Savings Bank (CFSB).
So these are the details that you will be sending to SayABC for a USD borderless account.
Preferred Currency: USD
Bank Name: Community Federal Savings Bank
Bank Address: TransferWise
19 W 24th Street
United States of America
Receiver Name: TransferWise FBO Your Name (New update – putting “TransferWise FBO” before your name is essential)
Account Number: 123456789 (Your Account Number)
Bank Holder Address: (Your home address that you gave to TransferWise)
ACH/ABA Routing Number: Number
*If anyone has had experience with receiving their pay in GBP, please let me know in the comments and I'll update the article!
Example of TransferWise Saving Potential
So let's say your SayABC pay is $1500 USD. Here is what you get when receiving it on TransferWise and converting it to GBP:
If these figures look better than what you currently receive, then click the image below to create a TransferWise account: