News coming from TransferWise now states that they have removed the fee to transfer money out of your borderless balance into a bank account of the same currency.
So for example, moving your USD borderless account money into your US bank account is now free! Which is good news for online teachers receiving their pay.
Read the article below for more on receiving pay with TransferWise as an online teacher:
Which Currencies is this Free for?
It will be free to perform these transfers in 30+ currencies from your personal borderless account. This also includes sending the money to someone else's bank account, as well as your own.
The currencies that cost TransferWise more to process will unfortunately be excluded from this change. So there will still be a low fixed fee when sending the currencies listed below:
ZAR, NPR, CNY, THB, PHP, CLP, PEN, MAD or RUB
For more information on how I use my TransferWise borderless account, click the image below: