I have been using transferwise account from last few months to get money into NZ bank account from UK. Transferwise has closed my account without any reason or notice. Tried to ask them but they're not saying anything.
Does anyone know about better alternative?
Reasons for choosing Transferwise were-
1) It lets you open bank account(virtua) in the currencies it supports. So, I used to give other party my Transferwise Uk bank account (virtual) no and then transfer from UK bank account to Transferwise NZ bank account (virtual). After that I deposit from virtual nz bank account to my real bank account. Thus, saving lots of bank charges.
2) They also offer Mastercard with options to save many currencies. I used that card as eftpos when I visited Australia.
3) Better exchange rate and less fee as compared to Western union.
Could anyone please suggest better alternative?