Do I need a TransferWise account?

Do I need a TransferWise account?


You are not required to have a TransferWise account. However, there are several benefits:


  •       There is no transfer fee to receive funds after setting up a TransferWise Borderless account.
  •       You can receive funds and hold them in your account to use whenever you choose and in whatever currency you choose.
  •       TransferWise offers an alert feature so you can transfer funds out of your TransferWise account into your local account when the exchange rates are at your advantage.
  •       TransferWise also offers a Mastercard that can draw on your balance in multiple currencies and is accepted around the world.


If TW offers the Borderless account service in your country, you will be required to open the account with $20 USD balance.  This is not a fee.  Once you open the account, you are not required to maintain a balance and can withdrawal the $20 USD anytime.

The Borderless account is not available in all countries and currencies at this time.  The TW website has more details and their staff is extremely helpful via phone. If you have any questions regarding the Alter Sleeves payout system, we would encourage you to reach out to us via the contact page.

    • Related Articles

    • How do I use TransferWise?

      On the 26th of each month, you will receive an email from TransferWise stating that your funds are on their way.  If you have a TransferWise account, your funds will be deposited directly into your account and can be used immediately.  If you do not ...
    • Why does Alter Sleeves use TransferWise?

      TransferWise is an international banking service that can facilitate our ability to pay Alterists around the world in many different currencies.  It is safe, proven and very cost effective. You are not required to have a TransferWise account. ...
    • Do I need an account to order?

      When you have selected your favorite designs and reached the checkout, you may check out as a guest or you may create an account to save your transactions and shipping information. You can do so by filling out the form, after which you will ...
    • How do I edit my account?

      After you have created your account, hovering over the person icon will show you two options, either logging out of your account, or going to your dashboard. Once you are on your dashboard you can go to the ‘Account Details” to edit your details.
    • How do I set up my alterist account?

      Hover your mouse over “Alterist” on the Alter Sleeves homepage and go to the information tab. Here you will be able to sign up as an artist by filling out the form. If you already have a customer account however, and you want to change your account ...