How to Close TransferWise Account?

Transferring money is so easy these days that we have so many companies that are helping us. It is quite normal that the banks allow us to transfer money from one account to another. But sometimes when you want to send money from one country to another. You can use services like TransferWise and PayPal. In this guide, I will tell you how you can close TransferWise account.

It is a London based company that was started in January 2011. Now this company supports 750 currencies and also provides accounts that support multiple currencies. But sometimes come across circumstances in which we take the decision to close the account. However, the commissions that this company charge is quite less. But still, there can be many reasons why you might have taken the decision to close the account.

Before you start the process of closing down your account, you have to make sure that your account balance is Zero. You can not close the account with a balance in it. In case you have then you can select the balance and choose any bank account of your choice. All your balance will be transferred to the account you have selected. This is subject to the commissions, so check the charges before you transfer your balance.

About TransferWise

TransferWise Logo

Type of the Website Private
Available in Languages Multilingual
Founded January 2010
Launched 2011
Headquarters London, United Kingdom
Area Served Worldwide
Founders Taavet Hinrikus, Kristo Käärmann
Services Financial Services
Revenue (2019) £ 179 Million
Number of Employees (2020) 2000+
Official Website
Current Status Active

Steps to Close TransferWise Account

Steps to Close TransferWise Account

This can be easily done from the official website of the company. The complete steps are listed below. Follow the steps and your account will be closed by the company.

Steps to Close TransferWise Account:
  1. Visit the official website of TransferWise.
  2. Click on the Login button.
  3. Enter your email address, password, and click on the Login button.
  4. Select the balance with money in it.
  5. Now choose the bank account to which you want to send all your balance.
  6. Select the complete balance you have in your account.
  7. Click on Settings.
  8. Now click on “Close My Account”.
  9. Enter your account password and the account will be closed.


It is as simple as that to close your TransferWise account. Make sure you never share your email address and password with anyone. And no one from the support team of the company will ever contact you to ask for such details. If you need more help then login to your account. And use the Contact options to reach the support team of the company.

FAQ: Frequently Asked Questions

Can I Close TransferWise Account Online?

Yes, you can close the account online by logging in to your account. Click on Settings and then on Close my Account.

Will I be Charged to Close the Account?

No, you will not be charged anything to close the account.

Can I Reopen the Account?

Yes, you can reopen the account again with the company anytime you want.

I am Facing Difficulties What Shall I Do?

If you are facing any kind of difficulties then login into your account and use the Contact feature of the company. By doing so you can talk with the support team of the company.

Which is the Official Website of TransferWise?

The official website of the company is

I have Balance in My Account What Shall I Do?

If you have any balance in your account. Then you first need to empty your account. Choose any of your bank account to which you want the money to be transferred. Once the balance is Zero you will be able to close the account.

References Used:

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