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HomeKnowledge Base - ArticleIn many ways Fund Transfer Accounts and Payment Accounts work almost the same. Why would I need one then?

In many ways Fund Transfer Accounts and Payment Accounts work almost the same. Why would I need one then?

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In many ways Fund Transfer Accounts and Payment Accounts work almost the same. Why would I need one then?

  • First a fund transfer account provide US account number. It is a great feature if you are not able to open your US bank account with a full service bank right away.
  • Second, it provides tremendous flexibility in having the fund readily available cheaply in your home currency. Transferwise also provides one of the best exchange rates in the industry. So it can be used as a pre-bank solution.
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