ฝัง
- เผยแพร่เมื่อ 2 มิ.ย. 2024
- In this video we’re reviewing the Wise Multi Currency Account. We’ll be looking at its extensive benefits, including as a multi currency card for spending abroad, receiving payments in various currencies and sending money cheaply.
Click here to get the Wise Multi-Currency account 👉 bit.ly/3KS3YpV
Visit bit.ly/3E8EkZv now and compare Wise to other money transfer providers.
Learn more about the Wise Multi-Currency account: bit.ly/3eb1svW
Monito is an independent comparison platform and publisher. Our product and service reviews - like this one - are produced independently by our employees, and recommendations given are our own.
Chapters:
0:00 Intro
0:38 The Wise mission
1:09 Who is this account for?
1:37 Foreign currency benefits
1:52 Other benefits
2:22 Can I trust Wise with my money?
3:15 Get paid like a local
4:09 The benefits of holding multiple currencies
4:50 Funding the account
5:22 The benefits of the Wise debit card
6:19 ATM Withdrawal Fees
7:13 Wise app benefits
7:38 Other providers
8:31 What do Wise customers have to say?
9:10 Should I get a Wise Multi Currency account?
making payments for clients easy to pay me using the currency accounts is great. And the fact that there's real customer service is huge rather than snail mail when you need real help.
I'm in Ghana, and I can say that Wise is the best financial solution to ever grace this world. I love it and can't wait for wise card to be available for use for Ghanaians
Well said!
I have been using wise for the past 2 years and it is an absolute necessity to have if you deal with multi-currencies. I just moved a very large sum of money from Denmark to Australia with ZERO hassle. highly highly recommended.
How large of a sum? I thought u can't really hold a massive sum in wise
@@moonar5820 around AUD 100 k. You don't need to keep it in your account. Transfer some amount ( say $ 20 k) to wise, change to your desired currency and then transfer to the local bank of your interest. Then repeat this as many times as you wish.
@@vahidnajafzadeh4137 okay makes sense, I am only holding small amount for monthly expenses, I keep seeing reviews on Google store and wise's social media comments from users, some claiming their account has been closed/or fund held without any warning, I guess they are either scammers or just did something stupid, yet can't help but play it safe
@@moonar5820 as long as your finance is clear and not into any monkey business, wise won't do anything.
@@moonar5820 yeah I've been a wise user using it for business since about a year with no issues whatsoever. Best bank in the world
I live in Poland and use wise for everyday spending i also have a polish bank account that i use to pay bills and withdraw cash.
Thanks for the great review! :)
My pleasure! ^Jonny
Thank you for the review!
My pleasure Tatiana, glad you found it helpful - Jonny
Hi Jonny, thanks so much for this video which I find extremely helpful😇🙏🙏🙏
Hey Monica! You’re welcome, I’m glad you found it useful 😊
I've just got mine. Thank you for your review from New Zealand. 🥰🇳🇿💳👌🏻
That's awesome Sarah, I know you won't regret it! And you're most welcome 🙂 - Jonny
Hi..Love your content. Well done! And thank you for what you do
Thank you! ^Jonny
Nice simplistic video.
All is true, and I also have REVOLUT, MONESE, N26 and VIVID as well as WISE.
Why do I have so many ????? Because basically I do not trust any Bank or similar institution not to suddenly awake one day and on the whim of some 'idiot afraid of his own shadow' block my account/monies, so in this way I can spread my monies around all of them.
I am a Brit, who works in the Middle East (now more than 35 years) and has an EU wife and therefore a residence in Europe.
I also work in partnership with an Italian company in the UK and in the Gulf.
So now one might understand why I need to spread things around a little bit.
Thanks Steven 😊
Love your smile, thanks for these videos!
Thank you T, glad you’re enjoying the vids 😊 ^Jonny
I love my wise card, it is so easy to use it whenener I need it
Hey! Jonny here, I love mine too - it’s really useful especially when I’m abroad 😊
Great review mate will be ordering one.
Thanks Sean! Please use the link in the description to order if you can. ^Jonny
I just used this card for my american trip and it was fantastic, you even get text messages showing your purchases. Exchange rates are also really good.
Thanks for sharing!
Can I send you my physical wise card at your address, and you need to send it to me in Pakistan. I will pay you for this? ❤
Can I send you my physical wise card at your address, and you need to send it to me in Pakistan. I will pay you for this? ❤
@Monito if a currency goes up in value does that increase your money?
I love the idea of Wise. I went ahead and got the card. But upon a Saturday arrival to my Italy destination (im from the USA) I need about $2,800 euros. This does not seem to be the way to do that - but what is? Revolut has a higher limit - but its still not enough.
Yeah that's a tough one as $2,800 is a large amount of money to withdraw.
Perhaps there is a US checking account with better limits? For example: www.capitalone.com/bank/checking-accounts/online-checking-account/ - Could you open a 360 CapitalOne account and deposit say $3,000 into it? According to this (www.capitalone.com/help-center/checking-savings/international-atm-fees/) there are no fees for 360 so that would technically be fee-free when withdrawing abroad. I also think you can withdraw up to $5,000 per day. Hope this will help. ^Jonny
A nice review indeed from a guy with a contagious smile and captivating eyes. You look awesome..😊😊😊
Thank you C Y, I'm glad you enjoyed the video 😊 ^Jonny
Hi, I currently have a Wise card and am travelling around Asia. Would you suggest opening different currency accounts for each county I’ll be visiting and add money from my British bank to Wise as I travel through different countries or do I load just GBP to Wise (0 fee) and use my card and let Wise do the conversion in real time? Many thanks
Hey Alan, So I would advise you to open up different currencies and covert money from your GBP account to the currency that's needed. As the local ATM's and shops could use their own process to convert and it costs a lot more. Also if you're trying to use an ATM and it offers you a conversion then please refuse as Wise will do it for you automatically and won't charge you any extra fees. Hope that helps and enjoy your travels, I'm very jealous! ^Jonny
@@Monitodotcom If you were to use your home currency in the Wise card only (no other currency accounts) and you go to a shop in Asia to pay with the Wise card, wouldn’t Wise use its own real time exchange rate to get you the best conversion? What do you mean by local shops using their own process to convert and it costing more money?
Can I send you my physical wise card at your address, and you need to send it to me in Pakistan. I will pay you for this? ❤ please help me
Is there a difference in overall fees between using the auto conversion feature and just holding your home currency in the Wise wallet? or is it better to hold the foreign currency before spending it in that foreign country. I am Australian and travelling to Scandinavia and with all the different currencies it will be a pain doing the conversions for estimated spending before I use the card and then being stuck with the stray balances after I leave. I know these can be converted back but this also carries more fees. If I withdraw from an ATM I will convert first to get the best cash tate but for normal electronic transactions should I just hold AUD in my Wise wallet? Thanks
Hey Jeffrey, sorry for the slow response I've been away on holiday. So I reached out to Wise to check with them directly and they said that because the fees between auto convert and exchanging prior are so negligible, you may as well just use auto conversion.
Yes exactly, just deposit AUD into your Wise account and use your card to spend while you're in Europe. You'll receive the mid-market rate and pay a very, very small fee.
this video must have more views
Hi Monito, Presently I receive my Pension from the Netherlands in Euro's via ABNAMRO bank into my Malaysian Ringgit account. Maybank however convert it to MR (Malaysian Ringgits) ABNAMRO in The Netherlands picks up quite an amount to transfer it to My Maybank account. Could my Pension fund send the money directly to my wise account whithout going via ABN AMRO bank either in Euro or Malaysian Ringgits? Happy to receive your answer.
Hello Rob, Jonny here. You can indeed receive your pension on your EUR Wise account. You should then avoid the hefty currency exchange and bank charges. Just open an EUR account and share it with whoever holds your pension. Let me know how it goes :)
What a great video thanks. I'm moving to Japan, would you recommend opening a JPY account, top it up with GBP and use it for everyday use?
Thanks Kevin! I would absolutely recommend it AS you’ll receive great exchange rates. If you want you can even exchange GBP for JPY beforehand, within your app and hold the currency to be spent at a later date. With exchange rates being so turmoil this can be advantageous. All the best with your trip and let me know if you have any more questions. ^Jonny
PS If you do decide to register please use our affiliate link (go.monito.com/wise-multi-currency-account?locale=en&TH-cam&Video&W) Thanks 😊
Can I have main account in euro, and something like 2 or 3 sub accounts or saving accounts all in same currencies within main account?
great video. thank you
No problem, glad you found it useful :) ^Jonny
Nice 👍 Thanks for breaking it down 👍
But you already reviewed it, you know it as well a I do 🙂 ^Jonny
Hi Monito,
Here is my request to you to review Paytend Global Card....
Some excerpts
“Obtaining an electronic money institution license from the Bank of Lithuania was a straightforward, transparent and efficient process,” Junqing Li, CEO of Paytend Europe, say. “As newcomers, we found the required support starting from the initial phase. Lithuania has proven to be the right choice for our European headquarters.”
Thank you very much for the infos
No worries Reda, glad you found it useful 😊^Jonny
Do you know which country the use for the EU IBAN? Do they use LT like Revolut or does it depend on the country you are signing up for the account?
Hey Thor, Jonny here. I believe their bank details for EUR are Estonia and Belgium. There are more details available here: wise.com/help/articles/2932124/wise-bank-details - Hope that helps.
@@Monitodotcom Thanks Jonny! That helped a lot.
No worries 👍🏼
I’m a bit confused. If I want to transfer money from the US to my fiancée overseas, do I have to get the card, transfer money to the card and transfer from the balance on my card?
Hey Bryan, Jonny here. If you’re looking to just transfer money from the US to your fiancé it’s probably best to just check Monito.com and see which money transfer provider will be the cheapest.
I’m not sure the Wise Multi-Currency account is necessary if it’s just a single money transfer.
I have been using past 4 years, I love wise
Great to hear Imran! Thanks for the feedback. ^Jonny
We are travelling to UK, France, Austria and Italy in March 2023 from Australia, is this the best option for holding some GBP, some Euro? Is the process to open the Wise account, add Australian dollars then move portions of that into GBP and Euro accounts, or can we only deposit directly to the different currencies from external sources? A step by step would be helpful. Also, will we be able to transfer the balance of the GBP into the Euro account when we leave England? Thanks
Hey Andrew. It is as simple as that. Deposit GBP into your Wise account and then exchange it for the currency you need. It is super simple to do within the app, and once you've exchanged GBP into AUD or EUR you'll then be able to spend it using your Wise card. You can transfer back and fourth very easily although you will pay a tiny fee each time. Have you checked out Revolut? ^Jonny
Hi, is there a limit if I transfer JPY from Japan to Singapore? How long can I hold the amount in Wise?
Hey Hilda, I'm not sure if there's a limit but this calculator from Wise should help you. wise.com/sg/send-money/send-money-to-singapore-from-japan#calculator - I believe there's no limit, as long as you're not holding more than 1 million. ^Jonny
Thank you for the review. Does this card has a 16-digit number imprinted on it?
Hey Gourab! It sure does, except they're printed on the back along with the usual details. Cheers! ^Jonny
Hi.
I just got my Wise account and card. I'm looking forward to playing with it.
Hey Nigel, that’s great to hear! I’m sure you’ll save plenty of money in fees and benefit from using it. ^Jonny
I got a Wise card but I can’t figure out how to activate it. I’m in the United States and it says that there is supposed to be a six digit code on the card but there is no six digit code to be found. There’s nothing on their website, their customer support seems to be really slow, and I can’t seem to find any information on the Internet. All the information I find is a few years old and it shows the card number and name on the front of the card but mine has all the information on the back of the card and no activation code. Unfortunately I thought that I activated the card so I seemed to have thrown away that piece of paper that it came with. I’m just wondering if anyone has any idea how to activate the card in the United States without the activation code.
Hi Jonny, would this be suitable for someone travelling in Europe from the UK on a gap year?
Hey FOD, it would be a good card - especially if you don't intend to withdraw over £200 per month. However, as you're from the UK may I suggest checking out Starling Bank. You could easily register for their personal account and use that card while you're abroad. There are no fees on international transactions and ATM withdrawals and you'll receive Mastercard's exchange rates which are more or less the same as Wise.
I made a video detailing why it's beneficial for traveling and timestamped the video for you: th-cam.com/video/klZL5JaT3fw/w-d-xo.html
Cheers - ^Jonny
they need to get it to work in Costa Rica, Panama, etc and how is that different from using your credit card with no international fees? they still have better rates and you can also accumulate miles.
if I want to keep the money for a long period say a year will it hold it or does it have a due date to withdrawal like deel or pay pal? in case I received USD dollars and I connected it to my personal account in Egypt does it transfer it to EGP or will it decline it ?
Hey Shima, no you can hold the money for as long as you like. You would surely be able to send money from your USD account to your Egyptian bank account, I don't think that would be declined, but I can't be certain! ^Jonny
I'm traveling from Australia to Germany, Greece, Czechia, Slovenia & Croatia. I already have a credit card that doesn't charge international exchange fees. I mainly only need a card to withdraw some local currencies from ATMs in situations where credit card is not accepted. Which card (wise, N26, Monese etc) would you recommend? Thanks.
Hi James, I'm assuming you're an Australian? Otherwise where do you call home? And my other question would be how much do you estimate you would need to withdraw per month? As we need to consider fee-free withdrawal limits. - Jonny
@@Monitodotcom Thanks for your reply. We are Australians & we'll probably need to withdraw the equivalence of €1800 over 36 days between two people. Maybe we need two separate cards with Revolut Premium for two months, then cancel our memberships after our travel? Or are there better options?
Thanks for the details James. In Australia Revolut Premium account holders get 'No fee ATM withdrawals up to A$700 per rolling 30 day period' - so technically with two accounts you could get access to A$1400 per 30 days, which according to the mid-market exchange rate isn't even €1000.
How about the Australia bank Up up.com.au/ - It looks like if you withdraw cash you receive Mastercard's exchange rates AND they don't charge fees for ATM withdrawals. This is my first time seeing Up but they look like a good offering for Australians and might be a good fit for you.
@@Monitodotcom Thanks Jonny, I will definitely look into that. Cheers
What's the name of your credit card that doesn't charge international exchange fees? Is it Australian credit card?
Hello, I want to know If not linked to a bank account Can I top up from other ways?and how to fill Can it be used as an ATM debit card?thank you
Hi Je, Jonny here 👋 To top up your Wise account you can deposit money via Apple Pay, credit/debit card, bank account or via a SWIFT transfer. As you can't deposit cash into the account you would need an external bank account to top up from.
I'm not entirely sure what you mean by 'ATM debit card'. Although the Wise card is basically a debit card and has the same functions, including contactless payments and ATM withdrawals (although fees will apply). Hope that helps 😊Feel free to let me know if you have any further Q's.
Thank you indeed
You're welcome Je 😊
Thank you.....
You're welcome!
I live in Canada but winter in Europe, and will be receiving rental funds in Europe. Does it matter which country I open the account in and request the card from? Thanks
Hey Kim, Jonny here. Not at all, the account is available to residents in Canada so you could open the account there then request a EUR account. Wise will then issue you with a bank code and IBAN for you to receive funds in EUR. That way you won't incur any fees for receiving or depositing the money (unless you exceed the euro limit) AND you can spend the euros in Europe during your winters there 🙂 Let me know if you have any more questions.
@@Monitodotcom Hi I am currently in Europe, so is it better to apply from here or Canada, as Canada is my principal residence? or does it matter? thanks
It shouldn't matter Kim, as long as you're within the EEA as Wise are able to issue the card in Canada and the EEA. That said, as I don't know where you're based in Europe and that might be outside of the EEA, I think it's safer to go with Canada :)
Hello! I am planning to go bag packing and starting off in Thailand , we will be visiting multiple countries , so would this card be best for me or can the debit cArd still work as well
Hey Jess, may I first ask which country you're from or live in currently? ^Jonny
Does it matter where the card was issued? As in, is there an advantage for the local currency for the country where it was issued?
As an example, lets say there are 2 cards, 1 issued in the USA and the other one in the UK. Well the USA card have an advantage over the UK card on USA soil? And vice versa.
Also , lets say you're buying on amazon or any online site. And you're paying in USD $. Will the USA-issued card have an advantage because you're paying in USD $? and vice versa.
I hope you understand what im trying to say.
And thanks.
Hey! Totally understood. No there wouldn’t be an advantage, regardless of where your card was issued - what will matter is the currencies that are deposited into the account.
For example, if USD is held in your account and you purchase a product in USD (like Amazon US, as you mentioned) then you wouldn’t incur the very small exchange fee.
If you don’t hold the currency of products you purchase then you’ll incur very small fees, but because Wise use the real, mid-market rate, even with these fees still the card is practically better than any other. Thanks and let me know if you have any more Q’s. ^Jonny
Is there a multi currency account that supports deposits into crypto platforms?
My WISE card DID NOT WORK when I most needed it.
After being in transit for more than 24hr, I arrived to pick-up a rental car, but WISE declined the payment. I called support but no one answered as it was out of their working hours. My purchase was within the card limit and I had 10x more funds than what was necessary.
hi .my understanding is you cant hire a car with a debit card which wise is only a credit card,that could be the problem.
Thanks .as u said Wise is not best option if I want to withdraw or pay big amount of money on a vacation?
At least for withdrawing money, transacting with the card for big payments isn't so bad, as they charge small fixed fees and have good exchange rates. BUT if you are looking to withdraw a lot of foreign currency then I wouldn't recommend the WISE card, unless you don't have any other choice. Cheers ^Jonny
Hello
I have Revolut for 3 years and I am really happy with it, but I wonder if it's worth to have Wise too, so I don't have all the money in only 1 account in case something happens. I want to move to a different country soon and when that happens I will have to close my portuguese account. You think it is worth it having Revolut and Wise?
Hey Solo! I actually have both Wise and Revolut, and definitely think it's worthwhile! I'm on the Revolut Metal plan and I frequently exceed the fee-free limits and then revert to my Wise card to avoid paying pointless fees. This is where having both can be great, also necessary weekend spending can be cheaper on the Wise card then with Revolut. Hope that helps and it's definitely worth it! ^Jonny
P.S Can I be cheeky and ask that if you do want to sign up please use this link 😉 bit.ly/3KS3YpV
Hi! Thanks for this video! Can I use the Wise debit card to create a Zelle account?
I can't be 100% but I did some research for you Glee and as far as I can tell Zelle does not work with WISE. ^Jonny
Thanks for the review! Do you by any chance know if the Visa infinite card actually has some Visa infinite benefits or it is just there for show?
I have asked Wise directly about this. The answer is we would not get any benefits even though the card is Infinite.
@@driftertravels928 Thanks a lot for
your reply! Strange they they call it an infinite then. I wonder if there is some kind of advantage for them of issuing infinite cards…
I just use Wise for first time and I am very disappointed. transfer around 5.5k $ to 5.5K Euro and i got message; "your daily limit is 9.5K add money and try in 24h".
1.Who sets that limit?
2.What if I need to transfer couple hundred thousand of $ soon, because i am buying house in Europe?
3.I transferred from bank in Canada to account in Europe.
4.Should I first move money to my Wise account then send?
5.Would still bump in "daily limit" wall? 6.Which way would work and be less expensive?
So many questions due to big frustration.
Hello. Thank you for your informative video. I recently received my WISE card. Setting it up and adding money, I was sent a verification code via my iPhone. I will be travelling soon, but I will not be getting a SIM card. Will not having access to text messages affect my use of this card?
Hey Krys, no it shouldn't be an issue. If you need to top-up you can just connect your iPhone to the internet to access the WISE app. As long as you have funds in the account you'll be able to transact. I'm a regular user of WISE and like you, I was originally sent a verification code but since I've never needed to receive a text. ^Jonny
Can I send you my physical wise card at your address, and you need to send it to me in Pakistan. I will pay you for this? ❤
Hi, I’m from USA. I going to travel to Bangkok and Malaysia. When I receive the card, I have top up money in US currency then open two currencies account and convert the US currency to Thai baht/Ringgit Malaysia currencies? Is my understanding is correct? Thanks
Hey Junnie! So you could either exchange the money before you go or just top up with USD and hold it in the account. The card will automatically deduct from that account when you spend money.
I've done both in the past and I find it's actually cheaper to exchange the money in advance and it can be quite a good budgeting tool as well.
Have a think about how much money you want to spend in both countries, and exchange the USD before you go. Of course while you're there if you do run out of either currency then you can still use the card and Wise will deduct from your USD balance. If you do that though, MAKE SURE to decline the currency conversion at the ATM or card machine so Wise take care of the currency exchange.
Hope this helps Junnie and safe travels :) ^Jonny
P.S. If you haven't yet signed up with Wise please do support me by using our affiliate link, thank you.
bit.ly/3KS3YpV
@@Monitodotcom Hi when you say MAKE SURE to decline the currency conversion at the atm or credit card conversion, meaning that just select kept USD? I know when use credit card , the store machine let u to choose convert to local currency or pay as USD. Thanks
Precisely, select your currency and don’t convert at the ATM or POS.
Looks like N26 is best, no? There's 0% in currency conversion cost and 1,7% in ATM fee which is the lowest of them all?
Potentially Vic although it'll depend where you're located. Foreign ATMs with N26 are always 1.7% although if you're in Austria and have an N26 account you can withdraw money for free. Unfortunately I'm in the UK and can no longer open an N26 account, which is a shame because like you pointed out there currency conversion costs are great!
How do I transfer from USD to NGN - Nigerian Naira
Are you sponsored by wise? I will need to do some calculations, but even considering the fees for withdrawing larger amounts, I think it's probably still much cheaper than the horrible converstion rates offered by most brick and mortar banks. What would you reccomend for somebody needing to withdraw large amounts in foriegn currency from atm?
Hey Dom, we have an affiliation with Wise. For example, if you used the link in the description box to sign up then we would get paid a very small amount.
That will depend on where you're based, may I ask where you currently live? ^Jonny
@@Monitodotcom I'm in canada. The foriegn exchange fee at canadian banks is generally 2.5 percent, and the exchange rates that they offer are not very good as far as I have researched. Which is why I'm looking for alternative solutions which will give me the best bang for my buck. Specifically I plan to convert canadian dollars to mexican pesos. I travel to mexico every year, and I plan to buy a house down there one day, so for my travels I want to get the best exchange rate possible. Mexico is a cash based society so I will be taking large atm withdrawls out to avoid exessive atm fees. I think wise could be a good option for me for now, and maybe to get revolut too. But for buying a house (which would be in a few years) where I would need to convert and transfer 10s of thousands of dollars, well im not sure about that. What can you reccomend for my situation? Thanks.
Hey Dom, thanks for the detailed response. I had a quick look over what Canada had to offer and you're right there really isn't much that's worth it! Unfortunately, Revolut isn't available in Canada, leaving Wise the only real choice.
That's not a bad thing though as when it comes to converting CAD > MXN in 10s of thousands - they're very competitive. www.monito.com/en/compare/transfer/ca/mx/cad/mxn/10000
As you mentioned buying a house, I'm going to assume these will be big withdrawals. With Wise, your maximum withdrawal amount is 7000 CAD (monthly) and you'll be able to withdraw 350 CAD fee-free after which you will be charged 1.75%. This means you'll pay a rough total fee of 117.50 CAD (1.75% of 6650 CAD + 1.50 CAD fixed fee) when withdrawing 7000 CAD.
Now if you can stomach that then Wise isn't a bad option. The question is, can you find somewhere cheaper to exchange the money or order the currency in Canada?
Where can I get the card in UAE
Am from Solomon Islands. I understand that the card is not available here. Can I apply for the card and address it to an Australian address then I pick it up there?
Technically yes, if the card is issued in Australia you would get the benefits of the card and anything specific to Australia. I can’t see how this wouldn’t be possible, although your identity card may not match the address you’re registering with which could be an issue? I say give it a try, as the worst that can happen so they reject you 🤷🏼♂️ Thanks - Jonny
Is wise cool to use as a spending card in the Caribbean? Looks like fees very competitive. Based in the UK and great videos.
Yes, absolutely but if you're based in the UK Brandon then I'd recommend checking out Starling. You'll be able to use the card in the Caribbean for free, which includes withdrawing money from an ATM. You'll receive Mastercard's exchange rates which are more or less the same as the exchange rates Wise uses except you won't have any fees to pay.
@@Monitodotcom Thank you so much. Appreciate you J ⭐
6:38 fees
7:04 especially 15,000 max before tax in euro - freeze to stop
Hey Monito
I'm currently in the UK and planning to move to Qatar. After some research, I find out that wise doesn't support the Qatari Riyal currency. This means that each time I make a purchase, wise will charge me a conversion fee. Do you recommend the Wise Card for me as I'll have to use the card frequently with local purchases and ATM withdrawals.
I would suggest going with Revolut as they support the Qatari riyal. With their free, Standard account, you'll get £1,000 of fee-free currency exchange and similar ATM withdrawal fee-free limits as Wise.
You can also get 3 months of Revolut Premium for free (cancel at any time) by using our affiliate link (bit.ly/3tYY1jO). The Premium account gives you unlimited fee-free exchange so you could spend or exchange as much as you want without any fees! Thanks ^Jonny
@@Monitodotcom oh I see. I was interested in getting a metal debit card but don't want to pay a hefty fee or monthly plan. Do you think I can get the revolut metal card and then cancel the subscription?
If that's not possible can I get the monzo metal card and cancel my subscription?
Both Revolut Metal and Monzo require an annual subscription, although they have cooling off periods. So you could subscribe to either, cancel before the cooling off period and still get your metal card. Except it won't work and they will charge you for it.
@@Monitodotcom is there any metal card that doesn't break your wallet 😅
Hi! I'm in the Philippines and I want to transfer money from here to the US. Is it possible to use Wise?
Hey Rose! Kamusta po? Yes absolutely, there are a number of ways you can do it. I would always recommend checking www.Monito.com before you send money. We will tell you who the best provider will be for your specific, and it might not be WISE. Salamat ! ^Jonny
How do I use the pin when I withdraw from ATMs in Malaysia? Will the four digit pin work?
Hey! Where was your card issued? ^Jonny
@@Monitodotcom I used the four pin code and it worked fine although the ATM asked me for 6.
That's good to know!
If I get my card in Malaysia, then move to Saudi Arabia where wise isn't supported, can I still use my card in Saudi Arabia? I will be getting paid from Malaysia but will be staying in Saudi for quite a while, do I need to change my address as well? I'm afraid they will lock my account or something once they see I left as I was a temporary residence (student) in Malaysia.
Hi Moon, Jonny here. The Wise card should work well in Saudia (see this link here: wise.com/help/articles/2935771/where-can-i-use-my-wise-card). While you're there you can continue to receive money to your account. As long as you're there for a limited time and it's not a permanent move then according to Wise, you should be fine.
@@Monitodotcom what if it's a long term move? According to wise's website, all of wise's features are supported except for the card, so would my card be deactivated? I plan to stay for 3 month or so, then travel else where (maybe back to Malaysia, Canada or Germany)
I think 3 months would be fine, that doesn't feel that long-term. Do double-check with Wise, if you login you can easily access their customer support and they reply very quickly. I just don't want to give definitive answers in case I'm wrong, but my instincts tell me that if's only 3 months then you should be okay.
Hi Sir, i just a curious as a traveling we mostly buy things pay by cash but how can i use debit card instead of cash?
Hey Patrick. The good thing for you could be that the Wise card allows you to cheaply withdraw money from an ATM. Obviously, if a vendor only accepts cash then there's no workaround. ^Jonny
@@Monitodotcom thanks
No worries 😊
I'm from the UK and say if I wanted to use atm in Italy, is there an maximum amount to how much u can withdraw?
Hey Albert, there is a limit. If you make 2 withdrawals of up to 200 GBP each month for free. After that, Wise charges 0.5 GBP per withdrawal. There’s also a 1.75% fee on any amount you withdraw above 200 GBP. ^Jonny
Hi monito, i wanted to ask if you think its a good idea to use this account as a normal everyday bank account in the UK?
Hey Mike! I don't think it's a bad idea, and the Wise account is a perfectly safe place for your money. However, there are other accounts which offer benefits such as cashback that could be more 'economically productive' places to deposit and spend your money. For example, the Chase UK account, for the first year offers 1% cashback on most card transactions (th-cam.com/video/tOQlx6KozbE/w-d-xo.html). While we absolutely recommend Wise, especially for the foreign currency and international spending benefits, we do think when it comes to everyday spending, there are better options. Thanks ^Jonny
@@Monitodotcom alright then thank you very much for the reply. Also for uk users is there a limit to how much money we can have in the account? And are there any downsides to changing limits to the maximum amount?
I'm not aware of any limits on holding GBP. The only potential downsides could be if you were unable to control your spending, and it worked as a means of self-control. Otherwise, you should be fine changing the limits to the maximum amount. Personally, I do this immediately, whenever I open a new account.
@@Monitodotcom alright thank you very much. Do you know of any uk online banks that don’t do credit checks?
Can we send money to another one in other country by using transferwise balance
Hey fatimazahra, yes you can have money deposited in one of your accounts and then use that to send internationally. ^Jonny
Good day! I just want to ask if I receive money from the Netherlands banks to my wise Euro account , is the transaction for free or they will be charged? Coz when I tried to send from my ABN bank to my Wise Euro account, I was deducted 23 euros in my ABN. That's a lot. :(
Hey! Damn that's not a very nice fee! Wise doesn't charge for you to receive euros into your Wise account, so that €23 fee must have been ABN :( Ideally in the future you would want the money to come directly to your Wise account and not via ABN. ^Jonny
@@Monitodotcom Hi, Jonny. Thanks fo your reply. I appreciate it. Actually, I transferred my money from my ABN account to my wise account and the fee is 23 euros. Goodness, gracious. 😟
Goodness gracious indeed, but who charged you the 23 euros, it surely wasn't Wise??!
@@Monitodotcom Hi, Jonny! I called the ABN and they told me that the 23 euros will be sent to my Wise as well but within 7 days. It's great that it's ABN's fault and not wise coz I really like to use Wise.
Well that's a relief! Glad they're giving you a refund, well done!
Hi. I have 2 accounts. Turkish and gbp and have money in both. When i go turkey, and use my debit card for regular spending. Which account will the money go from?
Also can i withdraw money from ATM in turkey?
Wise debit card*
Also are there any fees when spending with Turkish currency?
Hey J H! So if you hold the currency native to the country you're spending money in then Wise will use that currency. So if you're in Turkey, and you have Lira then it will use your Lira to make the payment.
If you spend money with a currency you don't have, let's say you spend Turkish Lira but you have GBP in your account. Then there is a small conversion fee (wise.com/gb/pricing/). You can check the fee on their website through that link.
You will be able to withdraw up to £200 each month or make two withdrawals without incurring a fee. The link I shared above has the full details for ATM fees. Hope this helps ^Jonny
I just got my wise card infinite.
I will top up my wise card by £200 through my standard uk bank.
Will i able to use my wise card in Brazil Atm machines and can i keep topping it up in Brazil through my standard UK bank using the apps.
Hey Tamasha! Yeah you can totally use it in Brazil and top up while you're there. With ATM withdrawals you can withdraw £200 per month fee-free. Thanks! ^Jonny
Can I make a purchase with this card in euros if I’m in Turkish airport and all the prices shown not in Turkish liras but euros? If I load euros on my card would it work in there, if it’s not an eurozone?
Hey Elena! Very interesting question. As you would be in Turkey the transaction would be in liras, I imagine they present the prices in euros because that's a currency more internationally recognised.
Your card will absolutely work though, even if it's loaded up with euros and the vendor charges you in lira. Definitely choose the local currency (liras) also when you go to pay and let Wise convert the money for you and not the vendor/payment provider as they'll likely give you a poor exchange rate. ^Jonny
@@Monitodotcom if I chose to pay liras in airport the exchange rate would be really poor. If euro load on my card will not work in airport I better buy euro cash.
Another question:
Is if possible turn back to pounds unused foreign currency?
Or it is just a one way transfer.
That's interesting Elena, so the airport will accept payment in euros via cash? I'm referring to dynamic currency conversion which it's likely you'll receive when you pay in card. The terminal will present you two currencies, the local one or your native currency, usually the local currency has a more favourable exchange rate. I could be wrong though, but that's usually what happens.
No it's not a one way transfer, with the Wise card you can freely exchange and hold over 50 currencies.
Hi, is getting money from gambling sites are considered risky transactions?
Hey AP. Sorry I can’t be sure, I read through this page and it’s a bit ambiguous on gambling. ^Jonny
wise.com/acceptable-use-policy
I have a question, can I open a wise account if I'm a student in italy but it's not guaranteed I will stay here after I finish my studies?
Hey Victoria, as long as you have proof of Italian residency then you can open an account. it doesn't matter whether you're leaving at some point in the future, while you reside in Italy you are eligible. ^Jonny
@@Monitodotcom perfect thank you for the amazing support!!🙌🏼
thank you for the nice video what i would like to know if i travel to australia do i need to get an australian account or i can just covert my euro into au dollars into my wise card ;n if i convert my euro into au dollars when i use my card will i be chatged in dollars or euro in australia? thank you
Hey! You don't need to get an Australian account. Just deposit EUR into your euro account and convert it to AUD so it is deposited into your Australian dollar account ready to be spent. Then while you're in Australia you'll be spending AUD which will be debited from your AUD account. Hope that confirms! ^Jonny
@@Monitodotcom thank you for the answer but if I don't open an Australian account how can I convert euro into au dollars? Or it is done in automatic from wise?
Sorry I thought you meant opening an entirely new Wise account. Basically if you visit your Wise portal and scroll across on the accounts carousel you should see an ‘Open’ button. Click that and find AUD. That will make the AUD account available, you can then convert your EUR to AUD and deposit into there.
@@Monitodotcom sorry may be i didn't explain myself properly what I mean I live in Italy if I get a wise card it will be wirh an italian code so that I can put euro on it n that's OK but what I would like to know is if I put euros on my wise card can I then convert them into au dollars from the wise account or I do need to open an au account to be able to do that? Thank you
Yes you can. Enable the AUD account in your Wise account and transfer the EUR to AUD.
I am using transfer wise more than two years in Sweden i sending money Bangladesh now by mistake i told bank i use wise money transfer and sending money my country now bank say this is not legal and back block my bank account now i can't use wiser account plesae give me advice thanks
Can you load cash onto the card via the post office and what is the maxium balance it always you to have?
Hey Kuntri. Unfortunately, you can't. Starling Bank allows you to deposit money at the Post Office, and they are a great travel card. Have you seen Starling before? ^Jonny
Well informative. If I am living in Malaysia and need to apply for the debit card, is there additional charges to pay on top of RM13.70
Hey Jack! Glad you found the video useful. o additional charge besides RM13.70 (wise.com/my/pricing/) and that's for the debit card, you can technically open the account for free and use a virtual card. Thanks. ^Jonny
Hi, can you use this card in Estonia, Indonesia, Uzbekistan, Azerbaijan, Dominican Republic, Bahamas etc?
Hey Abida, the WISE card won't work in the following countries: Afghanistan, Belarus, Burundi, Central African Republic, Chad, Congo and The Democratic Republic of the Congo, Cuba, Eritrea, Iran, Iraq, Libya, Myanmar, North Korea, Russia, Somalia, Sudan and South Sudan, Syria, Venezuela, and Yemen. So you'll be absolutely fine, as long as the vendor accepts Visa or MasterCard. ^Jonny
I plan to live in Philippines soon, am uk resident. I think multi currency will work best for me, I have money held in NZ bank account also.
Do I open a wise bank account in UK,
Transfer all my money to that account. Also uk pension, state, and private to be deposited in uk account.
If when living in the Philippines how do I make a transfer Uk to Philippines.
Do you use the dreaded otp password system.
If so it will not work.
Hey Paul. Kamusta? The money you wish to spend in the Philippines could be held in your UK Wise account, although each time you make a transaction you will incur a very small fee for exchanging GBP to PHP. Surely you could still transfer money from the UK to the Philippines, even while living there. If it's money deposited into a UK bank account of yours then just transfer it to your UK Wise account?
May I ask how long you will be living in the Philippines? ^Jonny
Is there a limit to transfer from USA ($) to me in Sweden?
I need to transfer $30.000
Hey Ulf! You can actually send up to $1.6M so $30,000 should be fine. Although there will be a fixed fee and a currency exchange fee but I imagine these will be competitive and fair with Wise. Do check out this article for more information: wise.com/help/articles/2932150/guide-to-usd-transfers
Thanks! ^Jonny
Does this account have Swift and Iban?
Hey Mohammad, yes it does. The Euro and Romanian Leu accounts come with one, although for the Romanian account, SWIFT/BIC and IBAN details are only available to UK and Romania residents. Cheers. ^Jonny
@@Monitodotcom Address verification is mandatory, must our address be confirmed? Is an international driver's license approved?
The ID you require will be based on your location, in the UK you don't need a drivers license to be approved you can use your passport also. Wise may ask to verify your address but they also may not. Check this link for more details: wise.com/help/articles/2949804/how-does-wise-verify-my-address
How to top up money to my card wise
Hey Robins. Your best method is bank transfer, that'll be the cheapest way to top up. Which country was your card issued in? - Jonny
How to get wise card without bank account in here Europe
HI Ariel, all you need to open a Wise account, is photo ID, proof of address and a picture of you holding the ID.
@@Monitodotcom how to pay 20 euro i don’t have debit card or credit card
What's the 20 euros for? The Wise card in Europe costs 7 euro to order, so you would need that deposited into the account. If you set up the account then get people to deposit money into it then you could order your card.
@@arielrosal6768 you pay around 18 euros if you want an Express delivery
@@GabrielFerreira-ue8hs how to pay express delivery?
Hi Jonny, I am traveling from Netherlands to UK. I plan to withdraw £200 one or two times which card would you recommend me ? Thank you
Hey Marina. That’s a good question! Both Revolut’s Standard account and Wise have a limit of £200/month. After that Revolut charge 2% and Wise 1.75%. Based on that Wise would be the better choice as once you exceed £200 and then say withdraw a further £200, you’d be charged £3.50 by W and £4 by Revolut.
Revolut Premium comes with a greater fee-free monthly ATM withdrawal amount but I don’t think it’s worthwhile if it’s just for 1 month.
I suggest in this case you grab the Wise card. Deposit euros into the account, ideally via bank transfer (cheapest method) and then exchange the euros to sterling in-app before you travel. Hope that helps, let me know if you have any more questions. ^Jonny
Jonny, thank you so much for you reply. Do you know by any chance how much W fees are for depositing the card by bank transfer?
No problem! It should be free 😊 Topping up with a debit card and credit card will incur fees so definitely go with a bank transfer.
Thank you. One more question. If I withdraw 200 right at the airport from Wise card will it still be free of fes or do they have other rules at there airport?
Well you could face ATM FIXED fees at an airport, to avoid those look to withdraw money from a VISA ATM - www.visa.com/atmlocator/mobile/index.jsp
MasterCard have a similar ATM locator if you’re issued there card. It’s www.mastercard.us/en-us/personal/get-support/find-nearest-atm.html
I don't have a USA bank account and I don't reside there. However I need one for business payments as I work virtually from New Zealand.
Is this suitable and can it exchange money and send to my New Zealand account or does it have a card I can use here at a a bank atm?
Hey S! This is absolutely suitable and likely the best option! Best bet would be to invoice your clients with your Wise US account details and then once you receive the money exchange it with Wise to NZD, then transfer it to your NZ bank account. The only fee you'll pay will be exchanging the USD to NZD which with Wise should be very small. Let me know if you need any more help. ^Jonny
paypal charges 4% above mid market rate and this card is like 1%..... over 10,000$year spent online thats $300$ extra in your pocket.
Ridiculous savings! And still there are so many people using PayPal's exchange rates and losing $$
Does it work in Zambia 🇿🇲
Sadly it isn't available in Zambia :(
Iam new here..i dont know how to work here..and how to colect mony..
No problem Shakil, how can I help you understand it better? Feel free to ask me any questions. ^Jonny
Can helplines numbar wise transfer money
Sorry Jamal I'm not sure I understand the question. Wise does have a telephone number depending where you're located, if that's your query.
As a multimillionaire, wise appears to be the best platform across every one I have ever used for all my international customers. Thanks for this video
No problem at all and congrats! ^Jonny
favor blessed.
I from America but I work online overseas. Can I get direct deposit to this account?
Yes absolutely! That's exactly what this account is great for. When you sign-up you'll get access to a number of local account details that you can share with any employer and they can pay you directly into the accounts. It is great for freelancers and people working online. If you decide to sign-up please consider using our affiliate link (bit.ly/3KS3YpV) - Thank you. ^Jonny
@@Monitodotcom yes I will sign up now.
@@ayo_moreno let me know if you have any further questions.
@@Monitodotcom does this card allow you to get paid two days early?
No it doesn't. ^J
What is Wells Fargo goes bust?
Good question and almost impossible to answer. It’ll depend upon the circumstances but I imagine it would have an effect on the global economy given they’re one of the worlds largest banks. I’m not sure what would happen in the context of Wise; but I’m sure it wouldn’t be good! ^Jonny
I would like to have you phone to ask . If I have NRO ACCOUNT IN INDIA AND HAVE MONEY can I transfer in USA how . This account is rupees NRO ACCOUNT
Promo vid for Wise??
Hey Shaun, no it's not although it may seem that way because I love the account. We do have an affiliate link if you wish to sign-up (bit.ly/3KS3YpV) and if you'd like to know more we have a written article with even more detail (bit.ly/3eb1svW). Let me know if you have any more questions, cheers! ^Jonny
😂😂😂
Once you deposit money into Wise account how can you send it back to your bank account?
🤯🤯🤯
Hi Mohammed, Jonny here. In the UK you can easily send money you've deposited into your Wise account back to your own bank account, without paying a fee. It's also instant.
Hi Monito, Re WISE Account opened in the U.S. by U.S. citizens and residents (not expat anywhere), with USD and multi-currency in the Account, is this considered a U.S. Account or foreign account for filing tax returns, e.g. FATCA and FBAR?
I would consider it a US Account, as it has account numbers, routing numbers and a US address associated with it. ^Jonny
@@Monitodotcom Thank you so much. I totally agree with you.
On trustpilot manybusers of wise and revolut complaining that they blovking their accounts without any explanation and frozing money for months. Plus they complaining about very bad customer service.
Yes indeed, and that’s the same for numerous other E-money institutions and banks, such as Barclays, NatWest and also e-money institution Revolut. It’s just the inevitability of having a large customer base. But overall Wise are rated very highly and the majority of their customers are satisfied. ^Jonny
@@Monitodotcom the question is if the reviews are trust worthy and the % of posit8ve reviews.
Absolutely and I would say the same about the negative reviews.
@@Monitodotcom you are paid to say nice things about wise.
We do have a partnership with Wise, however, this video and in general, we're not paid to just say nice things about them. In fact, I tend to be quite impartial and often recommend other providers over Wise. For example, if you're travelling Revolut is often the better choice as you get a certain percentage of currency exchange for free so they can work out cheaper. Wise are still a great provider though :) ^Jonny
yo siempre pensando este tarjeta no puedo, no tengo por favor ayudando yo pobre. 🙏🏿🙏🏿😭