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Wise (TFX recommended)
Wise is the method we personally use and highly recommend to our clients. With Wise, you can avoid costly wire transfer fees (which typically range from $40 to $60). Additionally, Wise offers one of the most competitive foreign exchange (FX) conversion rates in the industry — only 0.5% for most currencies to USD. For example, converting and sending £500 GBP to USD costs just £2.
We use this service regularly for international transfers and can confidently say that it is the cheapest and most efficient way to send money across borders and currencies.
Note: if you sign up using the link below, your first transfer will be free.
With Wise, you can make payments to TFX in the following currencies:
❗ Important note: when sending money via Wise, the destination currency must be USD (we can't accept EUR or any other currency).
Currency | Description |
AED | Emirati Dirham within the UAE. |
AUD | Australian dollar within Australia. |
BGN | Bulgarian lev within Bulgaria. |
BRL | Brazilian real within Brazil - Wise can only send payments from private individuals within Brazil. Currently, you cannot send business payments from BRL. |
CAD | Canadian dollar within Canada. |
CHF | Swiss franc within Switzerland and Liechtenstein. |
CZK | Czech koruna within the Czech Republic. |
DKK | Danish krone within Denmark. |
EUR | Euro through Wise we can receive euros from SEPA-compliant bank accounts within SEPA. |
GBP | British pound with bank accounts with an IBAN. |
HKD | Hong Kong dollar within Hong Kong. |
HRK | Croatian kuna within Croatia. |
HUF | Hungarian forint within Hungary. |
INR | Indian rupee through Wise TFX can only receive INR from Indian residents. |
JPY | Japanese yen within Japan. |
MYR | Malaysian ringgit within Malaysia. |
NOK | Norwegian krone within Norway. |
NZD | New Zealand dollar within New Zealand. |
PLN | Polish złoty within Poland. |
RON | Romanian leu within Romania. |
TRY | Turkish lira through Wise TFX can receive TRY locally from within Turkey and internationally through SWIFT. |
SEK | Swedish krona within Sweden. |
SGD | Singapore dollar within Singapore. |
How to transfer money with Wise
Sign up via this link to receive your first transfer free of charge: http://taxesforexpats.com/wise.
⚠ Note: if this is your first transaction, you will need to set up your Wise account before proceeding.
Enter the amount in USD that TFX must receive in the bottom field. The system will automatically calculate the amount in your local currency. In the example below, you are sending us 500 USD from EUR.
⚠ Note: the "Recipient currency" must be set to USD.
Select "Business or charity" as the recipient type.
Enter TFX’s payment details:
In the "Their email" field, enter wire@taxesforexpats.com.
In the "Name of the business/charity" field, type Taxes for Expats.
Confirm our Wise account details. Wise will recognize that TFX is already on its platform and suggest our USD bank account (ending in *350).
Click Confirm to proceed.
Bank wire transfers
US dollar - ACH domestic
Account holder | Taxes for Expats L.P. |
Routing number | 026073150 |
Account number: | 822000095412 |
Account type: | Checking |
Wise's address: | 30 W. 26th Street, Sixth Floor |
Notes:
Ensure that you select "I will pay all charges" when prompted by your bank. Because if you select "Shared charges", intermediary banks may deduct fees from your transfer. We can only credit your account for the amount we actually receive.
Cost to receive the transfer: please add a $4 receiving fee on top of your transfer.
Euro - International
Address | Wise Europe SA, Square de Meeûs 38 bte 40 |
Bank code (SWIFT / BIC) | TRWIBEB1XXX |
IBAN (to receive EUR from the EU only) | BE98 9670 3423 4393 |
Account holder | TW Taxes for Expats LP |
Note: please convert the amount you owe from USD to EUR using Google. For example, search "Convert XXX USD to EUR" in Google. After making the transfer, email us with:
The amount sent
The FX rate provided by Google
We will then manually process your payment.
British pound - International
Address | 56 Shoreditch High Street, London, E1 6JJ, United Kingdom |
UK sort code | 23-14-70 |
Account number | 16054127 |
Account holder | Taxes for Expats LP |
Note: please convert the amount you owe from USD to GBP using Google. For example, search "Convert XXX USD to GBP" in Google. After making the transfer, email us with:
The amount sent
The FX rate provided by Google
We will then manually process your payment.
Australian dollar - International
Address | Wise, 36-38 Gipps Street, Collingwood VIC, 3066, Australia |
BSB code | 802-985 |
Account number | 116725496 |
Account holder | Taxes for Expats LP |
Note: please convert the amount you owe from USD to AUD using Google. For example, search "Convert XXX USD to AUD" in Google. After making the transfer, email us with:
The amount sent
The FX rate provided by Google
We will then manually process your payment.