Existing owners of TransferWise for Business accounts will get the update automatically

TransferWise updated accounts for business: what’s new. Source: shutterstock.com

Today, TransferWise updated TransferWise for Business, adding a plenty of new features designed to help businesses thrive across borders.

Here is the list of new opportunities and features for business customers:

• The ability to sync TransferWise for Business activity with Xero, popular accounting tool;
• TransferWise opened its API for business, allowing to automate payments, connect with favorite business tools, and create convenient ways to manage finances;
• TransferWise for Business now comes with a free business Mastercard debit card, which enables spending abroad in multiple currencies with the real exchange rate;
• Improved batch payments with on-screen errors, template instructions, and the ability to review transfers before finalizing them;
• Businesses can now send US dollars to accounts all over the world.

Moreover, TransferWise is currently building multi-user access so that the team and all of its external contractors could manage a single TransferWise for Business account. The company is testing this feature at the moment and expects to roll it out over the next few months.

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