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Wise: MUST HAVE for all working holiday makers in Australia and world travelers
Hello fellow backpackers!
In this post, I will show you that Wise (former TransferWise) is one best and cheapest options out there for receiving or transferring money all over the world. I will show you that you get 4 free e-bank accounts namely an Australian, EU (€ countries), UK and even a US bank account.
I will show you all countries and currencies supported for exchanging and transferring money, which are 50+ at the moment. Likewise, I will do a cost comparison with their toughest competitor, currencyfair – another popular option for working holiday makers in Australia and worldwide.
Let’s dive right into it!
Free 4 fully legit international E-bank accounts
Opening link
BONUS: With my specific link here you can make a transaction for up to $800 (US-Dollar ~ 500 Pounds) fore free!*
>>Open an TranserWise account right now*
Once you register with Wise (which is also for free of course) you can open up to 4 bank account in just a few clicks. If you are on your working holiday you want to open an Australian bank account, so you don’t even need a “real” Australian bank account if you don’t want to. Although I highly recommend to open up a bank account anyway.
If you are a nomad and earning some money while freelancing, you want to open all bank accounts so that you can receive, e.g., US-Dollars if your customer lives in the States, for example.
After registration, just click on “Open a balance” to open a balance account and follow the instructions!
All advantages at a Glance
- Faster And cheaper than their competitors (see examples below!)
- Wise app for on the walk use and security (desktop login only via app)
- +50 countries and 4 accounts including Australian, US, UK, and EU bank account for FREE
- Absolutely beginner-friendly!
- Transparent about costs (ad-hoc notifications via e-mail and comparisons while doing transactions)
- Guaranteed exchange rate for min. 12h depending on your currency pair! (all transparent shown while doing the transaction)
All countries and their currencies supported at a glance
Case Study Cost comparison Wise with currencyfair
I will do a quick comparison for you.
Let’s try covert 1000 AUD (Australian Dollar) at the same date and time into EUR in Wise and currencyfair.
As you can see down below, not only you will get more EURO for your Australian Dollar (610.91 € VS 608.10 €) due to better exchange rate, you will also get this exchange rate for 12 hours guaranteed (in this case) VS a fluctuating rate in currencyfair. You will also receive it faster (20th VS 25th of November) and can even compare the price before continuing with your transaction (transparent!)
Final thoughts and conclusion
CTA here in the end for instance newsletter!! Headline elemets and keyword!, remeber them how the ffelt when they started! tell them next step to make! further links!
Dont forget meta description here in settings!!
Questions? Let’s connect:
What’s next in your journey?
For working holiday starters:
- Apply for the working holiday maker visa subclass 417 (usual approval time 1 min – 14 days) or 462 (usual approval time at least 14 days due to further requirements)
- Provide further details if necessary to get the application going (health examination etc.) in your immigration account (immiAccount)
- Get credit cards, especially a WISE account (Australian bank account) and check passport validity! (min. 2 weeks – 1 month before you plan to flight)
- Book your flights (AFTER received approval letter from immigration)
- Packing list 2024 (Coming soon)
- Get travel insurance before you fly (SavetyWing or Heymondo)
- Get an Onward ticket ALWAYS! (24-48h before your flight, evidence of leaving the country you enter). For working holiday Australia visa holders, it’s NOT necessary.
- Book your accommodation via hostelworld to get to know people quickly. I recommend the first two weeks at the same spot
- Job hunting and other bureaucratic stuff (once in Australia)
- Open up your US LLC to get your Freelancer business started!
- Sign up to my Newsletter to get a smarter traveler and stay up-to-date
For digital nomad starters:
- Open up your US LLC to get your Freelancer business started! (4 weeks before your trip)
- Get credit cards and check passport validity! (min. 2 weeks – 1 month before you plan to flight)
- Apply for possible longer stays like digital nomad visa or extended visa (typically 2 months before your flight)
- Book your flights
- Packing list 2024 (Coming soon)
- Get travel insurance before you fly (SavetyWing or Heymondo)
- Get an Onward ticket 24-48h before your flight (evidence of leaving the country you enter, ALWAYS!). If you have a visa, it’s not necessary!
- Book your accommodation via hostelworld to get to know people quickly. I recommend the first week in one spot
- Sign up to my Newsletter to get a smarter traveler and stay up-to-date