Wise debit card

neils2004

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Hi,
Has anyone had experience using a Wise debit card internationally ?
Thinking of obtaining one for use in Europe and the UK.
 

VPS

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Hi,
Has anyone had experience using a Wise debit card internationally ?
Thinking of obtaining one for use in Europe and the UK.
Yes I have and it's great. If you haven't already got one I can refer you.

There are already a couple of threads


 

asterix

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I've got one, but only used it a few times to receive GBP and USD into UK and US Wise accounts. What is the advantage of the Wise debit card over using an ING fee free debit card or a credit card like the Coles Rewards Mastercard both of which don't charge any international currency fees?
 
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What are the exchange rates like? 'no fees' exchanges are usually a con because they hit you with anything from 2% to 4% difference from the spot rate. Can anyone tell me how much they differ?
 

VPS

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I've got one, but only used it a few times to receive GBP and USD into UK and US Wise accounts. What is the advantage of the Wise debit card over using an ING fee free debit card or a credit card like the Coles Rewards Mastercard both of which don't charge any international currency fees?
You don't have to worry about small transactions and I suspect the exchange rate is better.

What are the exchange rates like? 'no fees' exchanges are usually a con because they hit you with anything from 2% to 4% difference from the spot rate. Can anyone tell me how much they differ?
eg
I just put in $3,000 AUD to convert to UK Pounds use xe.com send money at it was 1650.84 - the same with wise was 1,683.78

The other advantage is you can transfer money to another currency when it's a favourable exchange rate and then spend in that currency.

I currently have 5 currencies on there and if I want to buy a friend something from Amazon UK it automatically takes it out as pounds.

You can also have three virtual cards which is good for online shopping.

A friend just received a large inheritance from the UK and it saved hundreds of pounds compared to banks
 
Last edited:

neils2004

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Jun 30, 2019
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You don't have to worry about small transactions and I suspect the exchange rate is better.


eg
I just put in $3,000 AUD to convert to UK Pounds use xe.com send money at it was 1650.84 - the same with wise was 1,683.78

The other advantage is you can transfer money to another currency when it's a favourable exchange rate and then spend in that currency.

I currently have 5 currencies on their and if I want to buy a friend something from Amazon UK it automatically takes it out as pounds.

You can also have three virtual cards which is good for online shopping.

A friend just received a large inheritance from the UK and it saved hundreds of pounds compared to banks
Post automatically merged:

Thanks. This is the info I was curious about.
 

dajop

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13,590
Just be careful about dynamic currency conversion, as you would with any card. I had one where the merchant automatically converted the USD amount to my home currency (which I had zero balance in), and then wise converted that amount to USD to charge to the USD balance I had. I was out about 7%, but successfully challenged as I did not authorise the charge in my home currency.
 

FishFood

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I've used it a few times, mainly to get cashout at ATMs.

You can reload it using payid which is instant and very convenient, you get two free ATM withdrawals a month.

Overall I'm quite happy
 

theblank

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What are the exchange rates like? 'no fees' exchanges are usually a con because they hit you with anything from 2% to 4% difference from the spot rate. Can anyone tell me how much they differ?
Costs nothing to open an account with them, so you can check the rates yourself.

you wont get a better rate than anywhere else except for Visa/MC daily rates.

Unless you want to hedge for your travels not much point using Wise, its main benefit is cheaper curency transfers, not using a debit card.
 
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I've just got a question about their fees, if I may.

Their website says that you can withdraw £200 per month and up to two withdrawals free per month. Is that just cash withdrawals? Or does it include purchases?
 

FishFood

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I've just got a question about their fees, if I may.

Their website says that you can withdraw £200 per month and up to two withdrawals free per month. Is that just cash withdrawals? Or does it include purchases?
That is just for cash withdrawals. I have made a couple of card purchases and only the 500k IDR withdrawal counted towards the limit

Screenshot from 2022-05-17 08-12-43.png
 
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