SHARE
← Back to articles
SHARE

Say goodbye to bank fees with Wirex

April 21, 2018 11:14 am Published by

At Wirex, we know that trying out a new financial service can be intimidating. If you’re looking to switch from a different wallet provider, there’s all the malarkey of moving your funds and getting used to a new service. If it’s your first time opening a cryptocurrency wallet, you’ve probably got a lot of questions too. Perhaps most importantly, you probably want to know if it’s going to save you money.

Wirex has lots of impressive features but what you probably care about most is that you can say goodbye to the usual bank fees and start saving a lot of money.

Traditional banks milk their customers for every possible penny. If it’s possible to charge you for something, they will.

Wirex is different. If it’s possible to save you money in any way, we will.

Using Wirex, you can expect to immediately start saving a lot of money. You won’t have to sacrifice security – Wirex meets the highest possible security standards so your money is always safe. You won’t have to waste time on complicated processes – Wirex lets you manage everything from one simple app, all with just a few clicks. You won’t have to worry about limited options either – Wirex is incredibly flexible and can meet all your financial needs.

Sound good? Here are just a few of the ways Wirex can save you money.

Spend Bitcoin online and offline for free

The average cost of a Bitcoin transaction has, at times, risen as high as $162. And the median transaction confirmation time can be as high as almost 30 minutes. Patience might be a virtue, but that’s ridiculous. With Wirex, transaction fees and wait times will be the furthest thing from your mind.

If you’ve dreamt of using Bitcoin for everyday transactions like paying rent or buying coffee, you’ll know that high transaction fees make that impossible. Until recently, spending Bitcoin meant wasting huge amounts of money on transaction fees. This was the main hurdle preventing cryptocurrencies from reaching mainstream adoption.

With a Wirex payment card, you can spend cryptocurrencies online or in-person with absolutely no transaction fees. We don’t charge you for using your card, no matter where you are or what you’re doing. You won’t even notice the difference. It’s just as quick and seamless as using your regular debit or credit card.

Free foreign currency transactions

Save money even when you’re on the road with free foreign currency transactions. Traditional banks charge huge fees just for using your card abroad. You’ve probably had to resort to withdrawing large amounts of cash when you travel which is super inconvenient. Plus, you always get home with a wallet full of loose change. And you have to deal with the embarrassment of figuring out how much different coins are worth when spending an unfamiliar currency.

With Wirex, foreign currency transactions are free. Use your payment card as normal and stop wasting money on conversions.

Free bitcoin exchange

Buy Bitcoin from your phone with absolutely no exchange fees. If you spend £100 on Bitcoin, you’ll get £100 worth of Bitcoin in your account. It really is as simple as that.

Want to buy small amounts of cryptocurrency as and when you can afford it? Wirex is perfect for doing that. Invest what feels right for you, instead of feeling the pressure to buy large amounts to justify the fees.

All you need to do is connect a payment method (such as bank transfer, PayPal or credit card), choose how much Bitcoin you want and the full amount will go straight into your account.

Free international transfers between Wirex accounts

Send and receive money anywhere in the world, without the hefty transfer fees and long wait. Transfers between Wirex account holders are always free and fast.

Ready to start saving money without sacrificing security or simplicity? Sign up for a free Wirex account today and leave bank fees behind.

The Great Money20/20 Payments Race

Money20/20 is a fintech-centred organisation that aims to progress, reimagine and disrupt the modern financial system. It was conceived with the aim of providing the industry with a much-needed space for the brightest, most ambitious and innovative minds to “connect and create” in a “Money Revolution”. It is where technology, money, people and ideas converge… View Article

Refer-a-Friend with Wirex

Ever heard of Refer-a-Friend? Not like this you haven’t! With Wirex, it’s smarter, more innovative; a unique opportunity to get paid in Bitcoin for spreading the word about Wirex to your friends and family. If you’re a seasoned Wirex user, you already know all about our industry-leading service: Buy, store and exchange BTC, LTC, ETH… View Article

And the winner is…

At the start of September, Wirex teamed up with trade news outlet Crypto Disrupt to donate 20 ETH to a charity chosen by our users. After an overwhelming number of nominations, we are delighted to announce that a winner has been chosen. Congratulations to crypto-donations platform Kizuna, who have pledged the money to the ongoing… View Article

Wirex introduces: IBANs for EUR accounts and new account limits

We are pleased to announce some exciting improvements to our service in the EEA. From today, all EUR accounts in France and Spain will be linked to an IBAN. What does this mean? It means that users can now fund their Wirex EUR accounts by bank transfer, as well as debit or credit card –… View Article