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Receive Foreign Currency Through Transferwise

If you’re a freelancer with a client abroad, you will need to have an online payment account. I prefer Transferwise as it transfers money quickly from my Transferwise balance and into my local bank account. By quick I mean the money reflects in local currency within 1-2 hours. I have been using Transferwise since 2017 and that’s where my client sends my monthly compensation. If you have just signed up for a Transferwise personal account and are wondering how to receive your first USD/GBP/EUR/AUD/SGD/NZD, here is a step-by-step guide in opening a balance in foreign currency. Important: Make sure that you have verified your account first in order to start receiving money. You will need to have your primary ID cards with you and would need to take a selfie holding your ID. To learn more about verification, follow these instructions from Transferwise’s page . Note: For USD balance, you need to get verified and add at least USD 20.00 to your balance to get your USD bank details. Log into...