WISE Multi Currency Account | Review and Tutorial for Beginners
ฝัง
- เผยแพร่เมื่อ 7 มิ.ย. 2024
- The Wise Multi Currency Account (formerly TransferWise Borderless Account) is finally back! Let me walk you through this AMAZING feature that allows you to hold up to 54 currencies and send money to 80 countries in one account. 🔵𝗚𝗲𝘁 𝗙𝗥𝗘𝗘 𝗧𝗿𝗮𝗻𝘀𝗳𝗲𝗿 𝘄𝗶𝘁𝗵 𝗪𝗶𝘀𝗲 (𝘂𝗽 𝘁𝗼 𝗥𝗠 𝟮,𝟱𝟬𝟬) ➡️ wise.com/invite/u/weif84
🔵𝗚𝗲𝘁 𝗙𝗥𝗘𝗘 𝗧𝗿𝗮𝗻𝘀𝗳𝗲𝗿 𝘄𝗶𝘁𝗵 𝗪𝗶𝘀𝗲 (𝘂𝗽 𝘁𝗼 𝗥𝗠 𝟮,𝟱𝟬𝟬) ➡️ wise.com/invite/u/weif84
⬇️Timestamps:
0:00 Introduction
0:59 PROs and CONs
3:04 Setup Guide (for Wise Multi Currency Account)
4:44 Funding Guide (for Wise Multi Currency Account)
6:17 Wise Business
8:48 Funding Interactive Brokers with Wise
🔴Wise setup & funding tutorial: • TransferWise (Full Gui...
The Wise multi-currency account is a great option if you live abroad or travel frequently, because its foreign transaction and conversion fees are lower than what many companies charge. It's also convenient if you work for a company that pays you in a different currency than you use, or if you send or receive money from people who live in other countries. On top of that, you can hold more foreign currencies (i.e. USD, GBP, Euro, SGD, etc.) which are historically better than MYR due to the stability of those currencies!
On the Wise website, see how much you'll pay in fees to send money to another person. The total amount depends on the currencies and payment methods (for example, a direct deposit vs. wire transfer). You'll also see the Wise fee, which includes both foreign transaction and conversion fees. Wise tells you when the money will arrive in the other account and lets you compare fees to other currency transfer services so you can see whether you're getting the best deal.
Wise has 24/7 customer support. You can fill out a form and wait for answer, use live chat, or talk on the phone.
Your money is as safe with Wise as it would be with any traditional bank. You can read more about how Wise is regulated in each country here: wise.com/help/articles/293269...
Wise Business is business banking without the high rates, hidden charges, and monthly fees. Pay employees, get paid and manage your cash flow overseas - in one place. With Wise Business, you can get local bank details for 10 different currencies. Give them to your customers for an easy, free way to get paid. 50% of payments are instant or arrive in an hour. Effortlessly pay international invoices, vendors, and employees - with the real exchange rate, in 80 countries.
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#Wise #TransferWise #MultiCurrencyAccount #borderlessaccount #wiseborderlessaccount #transferwiseborderlessaccount #wisebusiness #foreigncurrencyaccount #fca #usd #gbp #euro #hkd #sgd #myr #gbp #foreignexchange #fintech #remittance #tax #taxmalaysia #foreignsourcedincome #ziet #zietinvest #interactivebrokers #wisefundingguide
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Disclaimer: This is not a sponsored video. To make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. - แนวปฏิบัติและการใช้ชีวิต
🔵𝗚𝗲𝘁 𝗙𝗥𝗘𝗘 𝗧𝗿𝗮𝗻𝘀𝗳𝗲𝗿 𝘄𝗶𝘁𝗵 𝗪𝗶𝘀𝗲 (𝘂𝗽 𝘁𝗼 𝗥𝗠 𝟮,𝟱𝟬𝟬) ➡ wise.com/invite/u/weif84
why it bind to JP Chase Morgan and not allow for receiving USDollar for international private bank?
I finally found what im looking for in ur channel. Everything i needed.
I'm genuinely so happy to know that!! All the best!!
This Chennai never failed to surprise me with the quality contents.. thanks Ziet 😃
Thank you so much Kannan, really appreciate your heartwarming comment 🥰
Its finally here! Love it!
Yayyyy! Thanks for dropping by Cheong
just a moment ago I transferred my JPY money to MYR after watching your video. I can't wait for them to credit it in to my bank acc!! Tbh the flow is smooth! and I transferred nearly rm5k and only cost me only rm45 to make transfer internationally. Which a lot cheaper than the banks offer. This is definitely a go to method.
Hehe so good to know that! Keep us updated when your fund arrives!
Awaiting for your next update! Thanks a lot Ziet!
Coming real soon! Thanks Bernard 😁
been awhile ziet! good to see you with a new video.....keep it up!
Thank you so much ikhwan! I post new videos every Friday hehe!😊
Let's thanks Ziet for creating such useful content again!! This video almost answers all my questions but I still have one here: 🙋♂️
If I open a US balance acc and receiving USD income there... (let's say money from an American company like TH-cam etc)... Will I need to just declare tax to Malaysia's LHDN only, or to USA's IRS as well?
Good question Louie, i think it depends on where is your business operations, if its in Malaysia, then just have to declare in your malaysian tax filing (double check with a tax accountant!)
Thanks thanks again . Can’t wait for the ibkr part 😇
Coming soon! 😄😄
Awesome. I can switch my wise region from US to Malaysia now.
Yup!!!
Nice content, I learned a lot from your videos.. need a video about margin in Interactive Brokers..
Thank you Mourad - will take some time before I venture into margin accounts!
Hi ziet, wise is only support to hold for not more than 20k MYR, is that right?
Glad it is available in your country.Being such a large economy,they don't offer such services here in India 😔
Ahh that’s a shame, even then it took almost forever before our local regulators allow them here, and even so, they cap it at a rather small limit 🤦🏻♂️🤦🏻♂️🤦🏻♂️ oh well, it’s that good that it needs to be handicapped! Hopefully it comes to India soon!
@@ZietInvestsI hope so
8.34 I thought it was my phone. I have the same tone and I actually check my notification. 🤣🤣
Holy crap i didnt even noticed it during my edit LOL!!!
It must be the sound of my whatsapp web leaking into my audio interface which got picked up by my camera 🤦🏻♂️🤦🏻♂️🤦🏻♂️
Good one Ziet
Thank you brother!
bro, Wise had changed their layout, i dont see any option to get ACH details to received payment from US to Malaysia
Hi ziet... Just wondering in your video at usd acc 3:52 in acc type. Status checking.( I expect that is your old wise acc). Can i know what meaning of that. I just open wise acc yesterday. After summit my id/ic and now currently in checking status. That mean my acc under checking for verification? Or it just normal same status checking even for old user wise acc.
Hi, just wait for verification and you should be able to use it! Mine was old account yes, they updated their interface quite a lot XD
Thanks for the video. I'll be working overseas and will be paid in USD. I need to figure out how to get my USD out of the country and send to Malaysian bank account. I guess Wise is a good choice then?
Thanks for sharing
You’re most welcome!! 🥰
Hi ! How can we send AED to other currencies can you help me
thx bro. will wait for your ibrk update video......
anyways bro. have a CARD option on the menu. how does that work?
Thank you Brian. CARD should be referring to the debit card, outside of Malaysia, Wise offers international debit card that can use their low FX rate feature, which is a great thing to have when you travel but unfortunately Malaysians still cant get it
A very insightful video Ziet! I'm wondering, can we transfer our money in USD from paypal to Wise? Paypal rate is notoriously high, it'd be nice if we can withdraw our money from Wise instead
Hi Minato, may I know where are you from? For Malaysians like me, we can only link our Paypal to our local bank account, so its not doable for people like us :( Why not ask your payee to bank into your Wise account instead?
Hi Ziet, I messed up the name in the wise account (not following the IC name), is there anyway to fix it? Ans also I have used the joint-account to deposit into the Wise account, but the amount doesn't credited to the Wise account. Is there a way to fixed these 2 issue?
Hey Yu Hang! For this, best to check with the Wise support team for better assistance.
Hi did you face any issues when transferring funds from your bank to Wise?
*I assume your bank account name is Surname+ First Name, and the format Wise uses is First Name + Surname. They stated that if the names don't match then it'd be delayed or something.
Hi Schuler, you can follow the convention shown in this video, I think it shouldn't be a big issue as long as you have the funding proof. So far no issue for me
Hi, thanks for sharing this useful video, it has been released 6 months, is there a new way to fund an IBKR account from Malaysia? Or is Wise still the best option?
Hi there Tony, I would say CIMB SG + Wise method is still the best in my opinion: th-cam.com/video/_4KJY8MVC5g/w-d-xo.html
Unfortunately there's still no MYR funding option since IBKR is not a registered/legal entity here in Malaysia :(
Great please do more
Thank you James🙏🏻🙏🏻
can you wire the USD fund already in the WISE USD account directly to a US brokerage account (like Interactive Broker), or it needs to go to a "real" local US bank account first before send from there to IBKR?
You can use Wise Direct ACH into IBKR - i will cover about it next friday!
Hi, very good video! May i know how we can send an invoice from wise to our US n UK customers? And once they paid, how can we withdraw it to our local bank acc? Appreciate your answer. Tq
Hi, you can refer under "Invoices" to create an invoice to your customer ya. And once they paid, you can just withdraw as usual to your local bank account, Wise will automatically convert to your local currency. Further info can check with the customer support ya, hope this helps!
Thank you.....
You’re most welcome!
Hye bro. thanx for the video. Let say im going to swiss then spend using this card overthere, need to add CHF balance into my account? Can we withdraw money through ATM as well ?
Hi Wan, that is correct, need to add CHF balance into your account, if not, it will convert your next cheapest currency for you at a fee. Yes can withdraw through ATM, but not sure for Swiss, can check on Wise’s website
great content, though i'm having trouble linking my paypal to transferwise as i'm holding euro and usd in paypal and would like to send them to transferwise to do the conversion. can you do a video relating to that?
Hi, i have not linked my paypal to Wise either, you can try asking the customer support to assist you for that!
Thanks ziet.
You’re most welcome 🥰
How come i don’t get to see the ‘balance’ tab when I log into my wise? Can’t find it anywhere though.
Maybe your account haven't been verified? Can ask the customer support
My 2nd time watching this 😊
Hehe hope it was helpful!
Hi Ziet, thanks for the info and I've just opened a wise account using your referral link and will figure out later how to fund my TD Ameritrade account thru Wise.
Awesome! Do keep us updated!
@@ZietInvests checked with TD, too bad they do not accept funding from Wise account. So now still back to normal TT using personal bank account.
@@chingweing5511 Ahhhh that's too bad, thank you for sharing ya! If anything, IBKR will always be welcoming you with open arms haha😄
Hi Ziet, thanks for your awesome video! Can I ask if Indonesia broker can send the money to this Wise USD accoun? (I have some mutual funds there but decided to withdraw it) If I open an USD balance under Wise, does this serve like a USD currency "bank account" under my name? Thank you!
Hi Jayne, it works like a USD bank account but it will be under Wise's name, so you would need to check if your broker is ok to send money to Wise (3rd party).
@@ZietInvests thanks Ziet :)
Hi Ziet, may I know do you have any video on Sunway Money vs Wise? Thanks.
Hi Jayven, I have not covered that (Sunway Money) unfortunately 😬
So wise is more for sending and holding currencies? 🤔
Can receive too! Many use it to receive payments from foreign currencies
This is a nice service however my country is not recognized by wise as yet. Do you know of another option which I can try?
Hi Amos, i dont know any at the moment unfortunately! So sorry about that
is there a minimum amount required to keep in wise account? Since conventional bank CASA would required minimum amount kept in the bank acccount
Nope no minimum amount!
Zeit. Do update us with direct funding of Wise into IBKR through Wire transfer and ACH. Ziest, I see you really like Wise . I can give you some idea. haha... Wise do support Passfolio and Webull funding through ACH. May be you can make a video on it. Keep up the good work.
Video on funding IBKR with Wise coming next week haha!
Re Webull - they are no longer supporting new Malaysian users :x
Re passfolio - I still dont see anything special with it!
Existing users who opened earlier still can use Webull tho... I also dunno why...
And apparently most brokerages only allow one bank account profile for ACH transfer
@@louielooyi yup correct still can use ACH with Webull as a Malaysian, if you opened before they stopped accepting new users few months ago
Hi!
I am all new to this, the purpose of me creating a wise account is that, i will be going to the US and I do not have a US bank account. Carrying cash is not an option, so I also ordered a wise bank card.
Now, I have put in 5000 usd in my wise US account, when I get to US, can I just swipe the card as normal when I purchase something or for anything else At any ways One would be using a typical bank card, Just swipe and good to go?
How would wise determine where to withdraw the money from my wise account where I have a USD account, GBP account and EURO account? Or in the basis of where I was at the time I made the purchase?
Sorry, stupid question, but honestly, I am confused.
Thank you.
Hi KC, no worries, thats a good question! And yes, you can just swipe and good to go, if you are spending in USD then it will deduct from your USD balance. However, if your USD balance is exhausted, it will take from the 2nd next best currency (in terms of rate) and auto-convert for you, with a fee, so its best to have your USD sufficient at all time to prevent that!
Hi would like to ask are we able to add the wise virtual card to Google wallet for in-store payment?
Hi, i never tried that before, but technically if you can pay via debit card then Wise card should work!
Hi i wanna ask so now i got my wise card for example i wanna send money to ireland from sgd should i open an euro account and add the money that i wanna transfer after i reach that country can withdraw it correct ?
Hi Shimura, if you intend to spend in Euro, then yes, just reload your Euro wallet balance by sending SGD
Thank you ziet, can I ask how to send my money in dollar from my bank account to wise? I think there’s a problem with my bank account or wise but it’s no proceeding for some reason, i can onle send money with my country’s currency and i have a lot of savings in dollar
Hi, where is your Dollar situated? In a US bank account?
- If yes, you can withdraw it and send to Wise USD Balance.
- If not, I assume you are referring to a multi currency account holding USD, check with your bank whether they allow withdrawal to Wise account, some banks don't.
In anyway, try talking to Wise customer support yea, they should be able to advice you on the issue
Excellent video! Would you happen to know if I could get one of these cards and use it to spend in pesos without actually having a Mexican bank account? Thank you so much!
Hi Joey, you can certainly do so, just have to fund it and convert it to pesos in the account!
@@ZietInvests thank you so much for answering me and for your fantastic content my friend!
Awesome please give more news
Will do!!
Hey bro, i want to ask, i open the myr account and get the acc detail by deposit and so on, then when i open the acc detail, the bank detail was the bank partner, is there any way to change to my own bank?
UP! Same question ~
Hi Faiz, there is no way to do that because Wise is a remittance company, so any money you keep in Wise is stored on their bank accounts.
You can however set primary funding and recipient account if that helps :x
Hi, Can I use the THB balance in Wise account to pay the hotel stay in Thailand?
Hi Jason, yes you can! Make sure your card is activated beforehand!
Ty
Most welcome!
Regarding the "Funding IBKR" portion of the video, does it mean there could be no longer a need to open a Singaporean bank account to fund IBKR (if it works well)?
That is correct! Though I would need to test it out more (including deposit and withdrawal period required, and how efficient is the method) before I can safely say CIMB SG is no longer required, BUT, CIMB SG is still a good place to park SGD cash since there is limitation on Wise (and the risk of BNM U-turn on their license for this borderless account feature)
@@ZietInvests i was getting ready to have a cimb sing account....... but now no need already !
@@wcweng1 Better get one as well. More funding choice is better.
@@dxtrlim996 problem here. the conversion twice u lose out. and yes i see the appeal here.
anything i do in singapore. bnm. cant do anything.
@@wcweng1 Which is why I also interested in Wise to IBKR direct funding. Then cash out to SG can be an option too. If you understand "Blink-Blink". Invest safe !
Hello, Thank you for your video, it helps a lot. I have a question for multi currency. MYR is my primary wallet and USD is my secondary wallet. May I know if one day someone transfer me 100 USD then am I able to convert this USD into MYR inside the Wise? Or can the USD directly withdraw to my Malaysia Local Bank Account? Thank you.
Hi there, yes you can convert inside your balance at a very low fee (i think around 0.25 USD). You can also withdraw that USD directly into your MYR bank account
@@ZietInvests Ok! Thank you!
@@user-uf9qk7dc7v Cheers!
hi, i havent received my wise physical card but i will be traveling to singapore soon. how do i use my digital card to make in-store payment in SG?
Hi Adibah, i dont think you can do that since digital card is meant for online payments only :x
Do you have to pay any monthly or year end taxes just for having wise account. I have wise account but I don’t use it and I have 0 money in my account but I still wanna keep it just in case.
Hi, i dont, they dont tax us for anything!
Hi. I've a gbp multi currency account with wise. Can I use this wise gbp account to top up my UK e~wallet account?
Hi, should be possible if the e-wallet accepts VISA
Thanks for the video. How do you transfer money from your wise account to your own bank account?
Hi JT, you can just withdraw from your Wise multi currency account, send to "Myself" and select your local bank account. Hope this helps!
@@ZietInvests Thanks, Ziet!
Using wise since 2019,Malaysian but working in SG,Its better if u get a card from WISE,can withdraw and use anywhere in the world…
Hope will be coming soon to Malaysia
Good for you. I wish we can get one here in Malaysia. Would be convenient for travelling.
yeah . waiting for it . we got big pay but we need competition.
Yeah still unavailable for those with address in Malaysia 🥲
You can't use your normal cc anywhere in the world?
Waiting for the next one
Stay tuned!!!
Hey man I was wondering, can we make transfer from binance to ibkr through wise? I mean, if wise can act as a bank account, technically i can set it up as deposit and withdrawal address for both my binance and ibkr account, and use it as the medium without involving any bank from my country
Hi there, they (Wise) did mention about funding with cryptocurrency through my conversation with them but I have no further idea about it, though funding IBKR with crypto - i believe it is still not available for non-US residents. Maybe try asking both the customer support? Cheers!
@@ZietInvests no no i didn't mean it that way hahaha. What i mean is, say i withdraw my ibkr fund in the form of usd to wise, then i deposit the usd to binance through fiat deposit from wise. Another scenario is that i exchange my crypto for fiat (usd not usdt or stable coin) then transfer those money to wise, then from wise transfer those to ibkr. Is these scenarios possible?
so practically, wise become my us bank account
how can I send money from my Saudi Arabia account to Maybank account?
You can choose send to Someone Else and MYR receipient
Hi Ziet, I will relocate to China from Malaysia soon. By right I will need to change my residence address to China but this will stop me from adding MYR to my balance. Can I just continue to use Wise without changing my address?
Hi Wai Mun, hard for me to say since this involves legal matters out of my expertise. Best advise is to talk with Wise customer support for that!
I shall officially start calling you Mr. Google 😂
yes he is.....
HAHAHA lollolol love it 😂
May I ask, if i receive in USD there is a $4+ fee right? whats the cost difference of receiving USD directly to a local bank. sorry for the noob question
Hi, if you receive directly to a local bank it should be free (using ACH transfer)
love this any updates since this video ?
Should be more or less the same!
Hi Ziet, CAn i know whether can we use TransferWise to transfer fund to TDameritrade in malaysia? Please advise. Thanks
Hi Han, i dont think TDA accepts funding from Wise tho
@@ZietInvests alright, So bad to heard that, only can use TT
Hi can share me which video for ikbr fund withdrawal using wise?
There you go!
How to Withdraw from Interactive Brokers | Wise Withdrawal Tutorial
th-cam.com/video/gZQGDscCuro/w-d-xo.html
ummm ..... u dint inculd how to get our acc number base on country currency . how to verify, all those info are missing out
Hi Peter, thank you so much for your reminder, indeed I left out the verification part!
Your account number should be in the "Balance" section
3:28 hello sir, plss help me. In my wise account dont showing open a balance . why can i need any further verification
Hi Abdul, sometimes Wise would require verification to be completed before they can allow you to proceed with opening a Balance. Try asking their customer support for a solution!
How to send MYR from my Wise account to SGD of another person's account? Pls help advise.
Hi Nathan, when you click Send Money, it will ask you "Who are you sending to", just choose "Someone else"
Can we fund and withdraw money from etoro
I don't think this works with eToro though
Could u make a turorial for funding TDA with Wise?
TDA doesnt accept Wise funding :(
Hello, I'm from Malaysia, the business account only able to receive money but the personal account can receive and transfer money. If I use my personal acc, I'll leave my anonymity (I'm doing freelance art). I want to keep my penname for business, there's anyway to deal with it?
Hi there, I believe due to legality issue that can't be done, but try asking the Wise chat support to see if that is achievable
Hi, I have an e-commerce website in UK in GBP currency. I want all transactions to go to USA bank and keep the payment in GBP not in USD. So please let me know if you have any solution to this? Thanks
Hmmm you can ask your vendor to pay you in GBP in your Wise Business account
I was using wise for one month then, they asked me to upload a document proof of investment income, is local bank account statement is enough? Or what should I send
Hi, that could be because you state your source of fund as Investment Income? Try sharing your brokerage account statement? Else clarify with them what they require
Question :
1) any paying Tax by gov malaysia?
2) can use wise for deal fiat money with Currency digital Crypto
Hi Rafi,
1) Not quite clear with your questions. If just fund remittance, no tax are imposed, unless income is involved then different story.
2) I believe there is a way but I have not explored that route yet - you have to check with your crypto broker whether the accept Wise
@@ZietInvests tq
Can u do a video on how to avoid PDT rules?
I don't think you can really avoid that, its a financial regulation
Will the us account made will have my name for transfers or some random bank account details which will be linked to my wise id ? Can anyone plz help to clarify this .
Hi Purvang, best to check this with the customer support as it might differ from country to country. For Malaysians, we have our account under one of theirs (not our own)
anyone can enlighten me is there any video that show step by step to transfer SGD from CIMB Sg using Wise back to MYR?
Hi Ziguan, you can try referring to this video: th-cam.com/video/gZQGDscCuro/w-d-xo.html
It's not exactly what you requested but i think its close enough, else feel free to dm me on instagram!
can i use this card in the iceland?
i will just reload in term of MYR.
is that possible ?
Yes should be able to! Just dont forget to activate the card beforehand!
Their website says multi currency account not available for Malaysia yet though. Is this feature already open?
Yup should be open, try deleting your browser cache n cookies then relogin - go for the Balance USD
Feature already online . try relogin or wait a week or 2. if open new account. straight away can get it. I got mine too
When using Wise business account , received such message "Sorry, we can't make MYR to SGD/GBP ... business transfers" it happened to all other currency too. When check on wise help page , it stated we can't send from MYR to other currency with Wise business account.
I only have Malaysia local bank account ( personal and business ), may i know how we do the funding since MYR is not accepted ?
Hey there, have checked here and yes, seems like you can't send MYR through your business account (wise.com/help/articles/2570950/are-there-any-restrictions-on-business-transfers).
Perhaps you can use an individual Wise account instead?
Can we open multiple accounts with usd currency in transferwise
Hi, as far as i know only 1 USD balance for each account - though you can check with Wise if they can help you with your request
Hi, I am a foreignner living in Malaysia so when i use to wise to transfer money to my country it says you need to pay from a bank account under your name but i don't have Bank account under my name in Malaysia
Hmmm try depositing into a currency from your home bank account
Our distributor in China needs to send us USD to purchase their product shipment from our company. Does our distributor in China need a Transferwise account to send USD payment to us? Also, once payment is received in our Transferwise USD account, how do we transfer the payment into our bank account?
Hi, I believe yes they need a Wise account to send USD to you (depending if sending to your USD balance).
Once you received the USD in your account, you can just choose "Send", then pick "international currency", then send to your MYR bank account. Alternatively, just send your USD to your MYR balance, it will auto convert, then withdraw from there
Would it be possible to fund your WISE USD account with transfer from own US dollar account in Malaysian Bank ?
got to check with your bank whether they can do that, wise will provide you with the account details, but whether or not your bank can do that is a separate question! :)
@@ZietInvests Sadly, wise business malaysia no longer can get account details. :(
Hello brother my currency(kuwait dinar) is not showing in this application is there any other way to transfer
Hi Gabla, probably because Wise dont support your currency :x try foreign telegraphic transfer from your bank?
need to pay any deposit for using this Wise? what do u think about Payoneer?
Yes there’s small fee involved for transfers with Wise. Never tried payoneer yet 🤭
The biggest con is that they take 7.5USD on every transfer you receive, that's huge if you often receive small transfers
Calling it a con sounds a little too extreme if the service was provided - for many, the alternative (foreign TT) would incur 2-3x more than 7.5 USD since its almost impossible to open a USD bank account anywhere outside of US
Hi Ziet, have you tested funding business account? I just tried and failed. I contacted WISE support, their reply: "Unfortunately for business in Malaysia we do not support sending to USD at the moment due to legal and licensing reasons"
Hi Vincent, I have not. However, I did read from forum some people got the same problem as yours - but there are also some other Malaysians got their business account funded and in operation like no issue (@_@).
Hi, I need to deposit RM101 into my WISE account to get my first set of Wise account detail ?
Hi, why RM 101? I don't think need to deposit anything to get your Wise account details, only verification is required.
In the meantime, can also ask Wise Support incase I misunderstood your question.
Hope this helps!
@@ZietInvests Hai. Me too. Wise asked us to deposit RM101 and verify identity if we want to get MYR account details. Need to complete this 2 action, only then we finish setting up the acc.
May I ask possible I transfer money to Hong Kong company ?
Yup should be possible since they support HKD
can use this for transferring money to TD and webull?
TD cannot, Webull can
@@ZietInvests ok
Sir what is the wise limit, I mean maximum how much amount we can keep in it
It defers from country to country, for Malaysia it is RM 20k equivalent
how can I fund wise from Africa
Just top up any currency balance you prefer and it will direct you to your online payment checkout options
Does this account have Swift and Iban?
Yup
Hi can I withdraw money with my wise visa card?is that possible
Hi jv, it is possible to withdraw money via ATM using the Wise card, though I have not tried it myself before
Hi my friend, could I send money from Wise to my Fsmone account in any way??????
Hi, i dont think FSMOne accepts funding from Wise though, you need to ask FSMOne
Hi there. Is it true I would have to pay RM 101 to create a wise account?
Hi Ee Lai, that is not true, where did you get that from?
@@ZietInvests I tried to create an account earlier and it asked for RM 101.
Compared to BigPay, what are the differences?
BigPay
- RM 10k daily transfer limit (if not mistaken)
- Rates slightlyyyy worse off compared to Wise
- AirAsia group, thread with care
Wise
- RM 30k daily transfer limit
- Rates slightly better than Wise
- Public listed in UK, so far great track record
- Easy to use with transparent fee structure, can see and compare anytime
Wise card not available in Malaysia yet
Big pay is good for Debit card features (after reloading with CC, can be used inside and outside Malaysia easily).
Wise more like Transfer money to foreign bank account. This feature is cheaper compared to BigPay.
Both have different purposes.
I am Malaysian, if I fund my USD balance using USD from my HSBC Malaysia multi currency account will I be charged a fee?
Hi Wai Mun, that would be considered a Wire transfer - you should be charged a USD 7.50 incoming wire fee.
@@ZietInvests TQ Ziet, can you advise what is the best method of transferring a large amount of RMB (>100K) to China? Its for my kids' education.
@@waimun8583 Hi Wai Mun, that's a huge sum to begin with. It depends on how much trouble you want to go through for the sake of cost saving.
Using Wise to transfer multiple times (note the daily transfer limit of RM 30k) would save you more, otherwise, using bank FTT can get your money through easily but it comes at a higher cost of conversion loss.
@@ZietInvests Tx again Ziet