Very informative video. I am a digital nomad and currently on the road, my Wise account is my daily spending account but I use Starling for my main account where I keep my cash. With the exception of a few currencies, the exchange rate you get from Wise is always a bit better than the Mastercard rate used by Starling/Monzo/Curve/Chase/Monese, etc..from my experience. But the biggest advantage of Wise is that in most countries, you can use the account in the same way as locals use theirs, eg in Ukraine I was able to send money directly to someone’s debit card number, and in the Philippines I am able to directly transfer money to a local QR code e-wallet like local people, Saying that, if you are only going on holiday for a few days to a couple of weeks, a Starling, Chase or Monzo account is probably all you need.
@@AliASHTV I don't keept money in there because I use it for travelling not a bank account. As they're not a bank. But they supply bank details they have to follow regulations and laws from all over the world. So in other words one thing might be fine with your bank and won't be with them. So best kept for travelling and just getting paid if you're in a country on a working visa while travelling.
@@AliASHTV also want to add. Because they follow strict laws and regulations from all over the world and don't have access to information like a bank does. It takes longer for checks ect. As it all has to be done manually, which is good cause you know no dodgy or scam person will be using them, but can be a little bit frustrating if you use them as your main source for holding money. Not their fault but the laws and regulations they deal with from around the whole world they operate in. Seen so many ppl get upset about this, but really not their fault. If you don't want to have world financial law protection just use standard bank and checks go through faster
@aussieexplorer5858 What is your assessment of how Wise rates regarding financial privacy? I mean versus banking at home. I travel half the year so I am finding Wise very useful, good value and transparent. However, as someone who in principle doesn't like informing the world's financial policeman (USA), and equivalents in PRC etc every detail of my financial life, I question whether privacy is up to the standards of one's home country regular bank.
**UPDATE**: the current maximum fee-free amount of Euro you can hold is now only €3000. Quite a jump from €15000. I found out the hard way, used to keep €14999 for this reason and all of a sudden they told me they’d start charging me. Now I hold €2999 😅
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.
Quite conflicted on what to do with my Wise account right now… I’ve used the multi currency account since 2018 and while I find it extremely convenient for converting currencies, I’m not entirely sure the fees and limitations are worth it or not… The fees seem to go up every few months. Also neither of my other bank accounts charge foreign transactions fees anymore (one even reimburses foreign atm fees). They probably don’t offer quite as good of a conversion rate, but I need to put them to the test on my next trip side by side with the Wise card. There are so many factors to consider when converting currency so it is sometimes difficult to tell if this is saving you money, costing the same, or costing more. 🤷🏻♂️ It is REALLY nice having account/routing/IBAN numbers in a few different places. That is one of the biggest value props here IMO!
HI I’m wondering if I should use wise but I saw so many bad reviews in the app store saying that their account froze or their card got denied even though there was money. Did that ever happen to you?
Great review. I was confused about certain aspects of the Wise card and this helped. I’m definitely considering getting for my upcoming trip to Europe. Thank you from 🇨🇦
I just used the Wise website's calculator. If I deposit $3000 USD they take $18.19 USD just for the deposit to the card plus $9 USD for the card, and conversion ends up being $2972 USD of balance. Then, to withdraw the full amount in cash at the foreign country, I get charged 2% of the amount which comes out to about $60 USD. So, I paid approx $89 USD to withdraw $2912 USD in the foreign currency. Is this still cheaper than exchanging it at a currency exchange booth? I've seen booths charging no fee. I understand their exchange rate would be lower but if it doesn't add up to $89 USD, then isn't it a bargain?
The card really sucks by the way. Everytime you load money onto the card in any currency they over regulate it. For example, you want to load some USD or sterling onto the card, they ask you for documents every single time. Documents like proof of income, payslips, tax returns etc. Almost for every single time you want to load money onto the card. Don't trust the influencers who are probably looking at sponsors.
. . . They got me for making 1 digital and 1 manual, they locked my account and told me to fund 51percent of what is already in my wise account, I cannot do this as all my money is in that account, they used the word fund and not do ? So any idea's how to get out of this
2:40 left: "It costs Wise money to hold large amounts of money" Counter-intuitive from a market perspective. Are you referring to the manpower cost of complying with national government regulations, and US pressure plus treaties that control foreign financial transactions? I mean, a million dollars (versus one hundred) in banknotes does take up more space in a vault but the same digitally does not. Please explain.
I've been using wise for over a year now with no problems until a few days ago. I tried to pay a hotel bill in Bali with my wise card and it wont let me transfer from my Australian account into my Indonesian wise account. I've tried contacting their customer service, got through to someone with limited english who asked me to take a selfie with my passport, the bank assistant advised me to close the call as it seemed like a scam. I still haven't been able to contact wise. Very amateur indeed.
As an expat, I get paid through Payoneer and I am able to transfer payment to my Wise Card which makes it incredibly convenient. I assure you it's cheaper to make purchases through Wise when abroad and to make ATM withdrawals. My US Citibank credit card has a terrible conversion rate and charges about 3% foreign conversion fee. As far as ATM machines, if you use your home ATM card, you are basically wallet raped as the foreign bank will 1) charge you for ATM usage (can't really get around that even with WISE),2) use their own extortionist conversion rate, and then on top of that 3) your home bank will charge you for using your card abroad. With Wise card, you can forget about points 2 and 3. Wise always uses midmarket conversion rates. Just stock your multicurrency card with cash of the country you are visiting. I love it.
Yes, instead of giving them your bank account, you give them your wise account to deposit into. I will soon start receiving social security benefits and I will have it deposited directly to wise to avoid both government conversion to foreign account or if sending in US dollars, conversion of US dollars by foreign bank. The problem here is the horrible conversion rates. Remember, Wise is based in the USA. So, any checks, direct deposits, etc from any entity go into your wise account based i in the USA. Then you direct how to convert that money.
Problem is a lot of small restaurants and 3rd world countries will not take the card and ya cant really use atm with out fees, can i get money out from the local bank instead ? Cant see not using or accessing cash easily. Charles Schwab still king for no atm fees.
Hi Gustav! Thanks for the video. I have received my Wise card in Australia and, today, is the first day I started using it. And felt frustrated. That’s how I found your channel. The card has a contactless sign on it, but it did not work neither in the dry clean studio, nor in a cafe. I inserted the card into the payment terminal and it was rejected in the dry clean and was surcharged about 1,5% in the cafe. I paid in AUD and the payment was withdrawn from the AUD account. I checked it in the Wise app. So, I was frustrated Contactless did not work, the card was rejected in one of the places and I paid too much to paying with the card as I first converted USD into AUD and paid for conversion and then paid 1,5% surcharge. I feel perplexed, as I wanted to have this card for a while (as experts like you say it’s great) and finally paid 10AUD for producing the card and transferred USD and Euro to this card. Now, I am not sure what to do because I don’t to experience these troubles and extra expense. Would you please, express your consideration on my situation.✨🙏
Hi bob, I have been using the wise app to transfer people money in Peru to go to the atm for me. The atm swallowed my bank card three months ago. My “wise” card should arrive soon. Is the standard procedure to transfer money into wise account from my normal bank account and then withdraw from Peruvian atm for cash ? Sorry if this is an obvious question. Thank you for taking the time to make this video. 🙏
Unfortunately any form of customer service is non existent you can't even email them if there are any issues not a wise idea to give cash to a company you can't even contact
I sell digital products. A customer sent me money on wise. It is marked "receiving" on my end. What does that mean? Can I send the customer their product without fear of them cancelling the transaction?
Not free. I was charged 7 Euro out here in Ireland. Received the card, but the card doesn't reflect in my account, so can't activate it. Please help...
My wise account have been deactivated. And wise never transfer back my money to me. My money just gone. I have no way to complain. Their customer service never answered my question. This is sad!
My girlfriend was injured while in Poland. Would the Wise card be a good way to pay the hospital bill there in Poland? What about purchasing her airplane tickets to travel from Poland back to the USA?
I use Wise but card was recently blocked. Despite providing all information. Now they are sitting on my money and after weeks and request for call backs or so nothing has happened. I consider this card to be of a very tricky nature even though the card worked well for 8 months. Now I am not endorsing this card due to trust issues and non-existing customer service.
One thing to keep in mind with a Wise Card that I learned the hard way - they are not accepted at stores and restaurants that only accept a Girokonto card. Also, I only get one ATM withdrawal a month for $100 which makes paying in cash very difficult.
At least for Europe, you can make 2 withdrawals in a month from any bank ATM. And above 200 euros, they charge a fee of 1%. This is usually more than one should need to spend in cash so it essentially becomes completely free.
Thank god I've met someone who's going straight to the point what are these people have these so-called TH-cam programs a rant and rave On half way through the thing is before they get to the point not interested with the saying the beginning I understand just get on with it and God you are brilliant
thanks for the video mate. i’m from GB travelling south america where there’s various currencies but often USD. would you recommend using wise or monzo and should i convert my GBP into USD before spending or just use my GBP and let the app do the converting? any help is much appreciated
With bank of America all you have to do when traveling is find out who is their partner bank in the country you are traveling to and usually there is no ATM fees!
@@shortfattoad7317 It is relevant. Wise charges fees after 2 ATM withdrawals, and has a very low cap on how much you can withdraw per month without fees.
Don't open the business account with wise "bank", we had our and our clients accounts suspended, the wise bank held our money for months till we got refunded. Note there are people who didn't receive their money !
"you currently can't make any cash deposits with the card and you can't use any credit on the card itself as well" (3 min 20) so.... what's the use then?
we are travelling to Germany for a 3 week holiday and after looking at all the cards available I feel none are really suitable for a relatively short holiday. I feel taking cash already exchanged into euro and using our mastercard for emergencies will suffice. WE have prepaid majority of trip so only requiring spending money. or would you recommend still getting a card loading it with 2,999 euro ($5,000) aud? what happens when you have remaining money on card when back in aus? Are there fees to close account? Thankyou for any info you can supply
Australian here, used the Wise card in Thailand but will be hit up 180 - 220 Baht per cash withdrawal...plus currency loss no doubt. Good card for purchases though.
Thanks for the info. May I ask if i could use it, as a replacement for a bank account, and link it to my TH-cam channel, would this work or do I need a bank account?
I am just beginning my overseas life next month. I applied and received my WISE card 2 days ago. It just seems that from what I have read, just load your Wise account with more than what you want to take out. Use your PIN at a local ATM and get the cash. I am from the US so I would be using a currency calculator to see how much 200 Pounds would be locally. The biggest thing is how to send money to myself while overseas
in your wise app, there is a button that says "add". if you have a credit or debit card from your traditional account back home, you should just be able to insert your information and transfer money to yourself.
Very informative. Many people like the card or digital card, but I don't have a cellphone so can't even apply online for a card so for the little I spend overseas, I'll stick to my credit card and cash.
@@debirichter5724hi. Have you figured it out? Wise offers some bank account details, you just wire the money from your normal bank into Wise provided account
Thank you for your time and posting. I'm on the fence. With a CC with points, like Saphire Chae, I get points with no transfer fees, and one free ATM withdrawal a month. So I don't get how the Wise card is better? More reviews. :)
I’ve got a question, my problem is that I live in Canada but I came from france and we don’t have the same system for the transaction, in France we need a RIB and in Quebec an “specimens chèque”. So I must have two accounts to receive transactions from my parents who helps me from France and by my employer in Quebec. I need an account that can do both
Can you see your remaining AUD balance whilst spending on hotels, rental cars, restaurants etc whilst travelling in Ireland using a WISE card? The WISE card seems to mirror how the ING DIRECT Orange Everyday card I've used in the UK a few years ago. Has anyone out there had any problems using their Aussie ING DIRECT Orange Everyday card travelling through Europe lately?
Hi, I'm British and my bank account is in the UK. I now live in Canada and transfer money on regular basis from my UK bank to my Canadian bank account. Can I transfer funds using the Wise card and if so is it the best way to transfer money. What is the procedure to complete transfer using the card. I have used Transferwise/Wise for years but this last year there always seems to a problem with either my bank or Wise.
My wise card was registered in US. What is the max amount I can withdraw from ATM in Malaysia? From the pricing table, do I follow the max amount and fee in the Malaysia or US region? Thanks.
And it's not possible to set custom limits on the card. The daily withdrawal limit is 1500 EUR. If somebody steals your card they can withdraw at least 1500 euros before you realize it was stolen, possibly even more.
I set up my Wise Account last week to transfer money abroad. They gave me a "Membership #" - is this my Account #? Do I still need to open a "Currency Account" with Wise? Thank you.
The Wise website says it is free to add USD to the Wise card from my bank account using an ACH transfer. But what if I want to transfer money from the card back to my bank. Is there a charge for that? Or am I better off just using the Wise card as a debit card and charging money directly from the card in order to use up the remaining USD balance on the card
No. The wise card worked really well for me on my recent Japan trip. But they do charge a fee to transfer dollars from my bank account to the card. So maybe I misread their instructions. So I don't know if you can transfer money from Wise back to the account. I assume you can since they are linked. And I assume they would charge a fee. But I will let you know if I find out anything definitive. There is probably not much point in transferrring money back to my bank account, since if I want to use the money I can just buy something and use the Wise card. (So it was really just a theoretical question.)
Great video. ? I might have missed advice. I'm a euro ex pat and my biggest problem is making on-line shopping payments eg Amazon Spain or Germany. My UK account card just declines this. With the Wise card is this a safe, simple and responsive function. I am basically looking a daily life, easy to use, reliable spending facility. I do travel a lot using a variety of currencies. Advice appreciated.
@@Once_in_a_Lifetime Sometimes I derive pleasure dealing directly with another human being. Call me old fashioned. Such a thing was once widely practiced and nowadays there are those who are proficient at both ways of obtaining information. Heck, I'm no slouch at Googling for answers but, I switch up. To get quite adept and comfortable posting comments instead of a cold lookup search, I took the time to develop a thick skin against the inevitable dyspeptic bomb tossers.
Anyone go to Japan using this card? How many merchants accepted this card? I ask because I hear Japan is a cash country. I just don’t know if that info is updated.
Im guessing you can't use the card like a credit card when hiring a car. I was refused a car a while ago because i didactic have a credit card. I even offered to leave the excess in cash. Only reason im thinking of getting a credit card 😢
So we should watch this before we get the Wise Card, 1) You might not be able to get one and he’s worried you might get one i guess, and 2) you might not need it so you won’t see that in the promotional material and 3) if you are color blind you might not see the bright green card if you drop it in the sand, and 4) /if your stupid you can have this guy interpret instructions in your language to English!
Hi, great video. I just have a question. I have my wise account. I need to transfer money to my son. Does he need to have a wise account also for this purpose, for just receiving the money? Thanks a lot for this video.
When i make wise account i just get the card number (That 16 digit number), but i dont get the account number.Is it possible with the card number to someone to put money on my card , like sallary?
Is it beneficial for someone who is not frequent traveller. However I do travel overseas once every year and usually travel to 2 countries during that trip.
Yes. There aren't any account fees you can just get the card and keep it until you need it. Even though I'm not a frequent traveller I use it because of it's convenience, there's no need to carry money around and I can just withdraw what I need when I'm within the country, no need to queue at exchanges and it's basically guaranteed that I'm getting the best exchange possible.
Why are there fees to transfer money in my wise uk account from (also mine)another uk bank account? I don’t understand. Makes wise only a transfer app not spending app for me
I wanted to send 30 thousand dollars to South Africa to a Registered Non-profit, but your documents say this country is not supported. Can I send money to South Africa, and how best to do that?
I'm just curious when you spend in like let's say Jakarta, or let's say Canada, do you tell the person at the store when they ask, to do the transaction in Indonesian Rupiah and Canadian dollars, or your own home currency? I imagine the purpose of this card is to do be able to do it in the currency of the country right, and incur as few charges on top of that as possible... right? Thank you for your help :)
May be I should have mentioned that I paid this surcharge of about 1,5% because the card was identified as a credit card by the terminal even though it is a debit card. I paid with a Turkish Ziraat bank debit card in the same cafe before. It also was identified as a credit card instead of a debit card, but never was it surcharged. That is why I thought that this surcharge attributes to Wise.
hi, i also have turkish ziraat bank and wondering how will i use this in Brasil.... so when you purchase something, how much the debit card (turkish) surcharge applied?
This doesn't make sense to me at all I've tried transfer 20€ from Dutch bank account to my wise account and now every month wise is taking 20€ out of my account and transfering it to my wise account can someone help me out with this please?
Very informative video. I am a digital nomad and currently on the road, my Wise account is my daily spending account but I use Starling for my main account where I keep my cash. With the exception of a few currencies, the exchange rate you get from Wise is always a bit better than the Mastercard rate used by Starling/Monzo/Curve/Chase/Monese, etc..from my experience. But the biggest advantage of Wise is that in most countries, you can use the account in the same way as locals use theirs, eg in Ukraine I was able to send money directly to someone’s debit card number, and in the Philippines I am able to directly transfer money to a local QR code e-wallet like local people, Saying that, if you are only going on holiday for a few days to a couple of weeks, a Starling, Chase or Monzo account is probably all you need.
Hi, why you don’t keep your cash in the wise account? Just curious.
@@AliASHTV I don't keept money in there because I use it for travelling not a bank account. As they're not a bank. But they supply bank details they have to follow regulations and laws from all over the world. So in other words one thing might be fine with your bank and won't be with them. So best kept for travelling and just getting paid if you're in a country on a working visa while travelling.
@@AliASHTV also want to add. Because they follow strict laws and regulations from all over the world and don't have access to information like a bank does. It takes longer for checks ect. As it all has to be done manually, which is good cause you know no dodgy or scam person will be using them, but can be a little bit frustrating if you use them as your main source for holding money. Not their fault but the laws and regulations they deal with from around the whole world they operate in. Seen so many ppl get upset about this, but really not their fault. If you don't want to have world financial law protection just use standard bank and checks go through faster
sweet, thanks for the feedback !
@aussieexplorer5858 What is your assessment of how Wise rates regarding financial privacy? I mean versus banking at home. I travel half the year so I am finding Wise very useful, good value and transparent. However, as someone who in principle doesn't like informing the world's financial policeman (USA), and equivalents in PRC etc every detail of my financial life, I question whether privacy is up to the standards of one's home country regular bank.
**UPDATE**: the current maximum fee-free amount of Euro you can hold is now only €3000. Quite a jump from €15000. I found out the hard way, used to keep €14999 for this reason and all of a sudden they told me they’d start charging me. Now I hold €2999 😅
How much is the fee for above 3k euro?
that has now been reversed.
Never keep your cash in any Bank... Just what you need for the month
New update makes it completely free to hold euros without any limit. Only for Australian accounts they have a fee for large amounts.
@@rrm2854Where do you suggest keeping it?
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.
Rental companies usually only take credit cards, not debit cards.
@@twilliamrafferty522any specific reasons for that?
Quite conflicted on what to do with my Wise account right now… I’ve used the multi currency account since 2018 and while I find it extremely convenient for converting currencies, I’m not entirely sure the fees and limitations are worth it or not…
The fees seem to go up every few months. Also neither of my other bank accounts charge foreign transactions fees anymore (one even reimburses foreign atm fees). They probably don’t offer quite as good of a conversion rate, but I need to put them to the test on my next trip side by side with the Wise card. There are so many factors to consider when converting currency so it is sometimes difficult to tell if this is saving you money, costing the same, or costing more. 🤷🏻♂️
It is REALLY nice having account/routing/IBAN numbers in a few different places. That is one of the biggest value props here IMO!
HI I’m wondering if I should use wise but I saw so many bad reviews in the app store saying that their account froze or their card got denied even though there was money. Did that ever happen to you?
@@jnnkmm money mules and doing crypto
Great review. I was confused about certain aspects of the Wise card and this helped. I’m definitely considering getting for my upcoming trip to Europe. Thank you from 🇨🇦
did you get the wise card? how did it work for you in Europe? thanks
I'm considering this for Europe as well. How did it go?
I'm not frequent traveler just have for when 8 win the lotto
As an expat I find Wise excellent, high security too
would this be a good account to get in the US when moving back home to the UK
I just used the Wise website's calculator. If I deposit $3000 USD they take $18.19 USD just for the deposit to the card plus $9 USD for the card, and conversion ends up being $2972 USD of balance. Then, to withdraw the full amount in cash at the foreign country, I get charged 2% of the amount which comes out to about $60 USD. So, I paid approx $89 USD to withdraw $2912 USD in the foreign currency. Is this still cheaper than exchanging it at a currency exchange booth? I've seen booths charging no fee. I understand their exchange rate would be lower but if it doesn't add up to $89 USD, then isn't it a bargain?
I’m sure this card isn’t for you to withdrawal cash from.
The best way I use it is to withdraw money from my us stock account to wise Zero Fee! Then spending it through wise card. Super low cost
The card really sucks by the way. Everytime you load money onto the card in any currency they over regulate it. For example, you want to load some USD or sterling onto the card, they ask you for documents every single time. Documents like proof of income, payslips, tax returns etc. Almost for every single time you want to load money onto the card. Don't trust the influencers who are probably looking at sponsors.
. . .
They got me for making 1 digital and 1 manual, they locked my account and told me to fund 51percent of what is already in my wise account, I cannot do this as all my money is in that account, they used the word fund and not do ? So any idea's how to get out of this
2:40 left: "It costs Wise money to hold large amounts of money" Counter-intuitive from a market perspective. Are you referring to the manpower cost of complying with national government regulations, and US pressure plus treaties that control foreign financial transactions? I mean, a million dollars (versus one hundred) in banknotes does take up more space in a vault but the same digitally does not. Please explain.
I've been using wise for over a year now with no problems until a few days ago. I tried to pay a hotel bill in Bali with my wise card and it wont let me transfer from my Australian account into my Indonesian wise account. I've tried contacting their customer service, got through to someone with limited english who asked me to take a selfie with my passport, the bank assistant advised me to close the call as it seemed like a scam. I still haven't been able to contact wise.
Very amateur indeed.
Wise customer service sucks. Completely incompetent.
Does the hotel accepts visa or master, to begin with?
As an expat, I get paid through Payoneer and I am able to transfer payment to my Wise Card which makes it incredibly convenient. I assure you it's cheaper to make purchases through Wise when abroad and to make ATM withdrawals. My US Citibank credit card has a terrible conversion rate and charges about 3% foreign conversion fee. As far as ATM machines, if you use your home ATM card, you are basically wallet raped as the foreign bank will 1) charge you for ATM usage (can't really get around that even with WISE),2) use their own extortionist conversion rate, and then on top of that 3) your home bank will charge you for using your card abroad. With Wise card, you can forget about points 2 and 3. Wise always uses midmarket conversion rates. Just stock your multicurrency card with cash of the country you are visiting. I love it.
im a digitl nomad, im living in mexico but working remotly in the US, can i use the wise card to receive my tax refund by direct deposit?
Yes, instead of giving them your bank account, you give them your wise account to deposit into. I will soon start receiving social security benefits and I will have it deposited directly to wise to avoid both government conversion to foreign account or if sending in US dollars, conversion of US dollars by foreign bank. The problem here is the horrible conversion rates. Remember, Wise is based in the USA. So, any checks, direct deposits, etc from any entity go into your wise account based i in the USA. Then you direct how to convert that money.
Problem is a lot of small restaurants and 3rd world countries will not take the card and ya cant really use atm with out fees, can i get money out from the local bank instead ? Cant see not using or accessing cash easily. Charles Schwab still king for no atm fees.
actually if the local currency is supported by the app, then you can withdraw your money for free.
Hi Gustav! Thanks for the video. I have received my Wise card in Australia and, today, is the first day I started using it. And felt frustrated. That’s how I found your channel.
The card has a contactless sign on it, but it did not work neither in the dry clean studio, nor in a cafe.
I inserted the card into the payment terminal and it was rejected in the dry clean and was surcharged about 1,5% in the cafe.
I paid in AUD and the payment was withdrawn from the AUD account. I checked it in the Wise app.
So, I was frustrated Contactless did not work, the card was rejected in one of the places and I paid too much to paying with the card as I first converted USD into AUD and paid for conversion and then paid 1,5% surcharge.
I feel perplexed, as I wanted to have this card for a while (as experts like you say it’s great) and finally paid 10AUD for producing the card and transferred USD and Euro to this card. Now, I am not sure what to do because I don’t to experience these troubles and extra expense.
Would you please, express your consideration on my situation.✨🙏
because woman make it more complicated your suppose to choose local currency
@@Sam-pn2kc I've already figured it out. "Woman" reference feels irrelevant.
@@ollysafronova473I used it in hongkong. It auto converted from usd into HK dollar. The rate is great. Hoping you have figured it out😊
@@Sam-pn2kc ahahahahahahahahahaa
@@ollysafronova473ignore the idiot, your comment was super helpful for me! Thank you for sharing!
Hi bob, I have been using the wise app to transfer people money in Peru to go to the atm for me. The atm swallowed my bank card three months ago. My “wise” card should arrive soon. Is the standard procedure to transfer money into wise account from my normal bank account and then withdraw from Peruvian atm for cash ? Sorry if this is an obvious question. Thank you for taking the time to make this video. 🙏
Unfortunately any form of customer service is non existent you can't even email them if there are any issues not a wise idea to give cash to a company you can't even contact
You can
I sell digital products. A customer sent me money on wise. It is marked "receiving" on my end. What does that mean? Can I send the customer their product without fear of them cancelling the transaction?
Not free. I was charged 7 Euro out here in Ireland. Received the card, but the card doesn't reflect in my account, so can't activate it. Please help...
how do I transfer money from my USA bank account to my wise card?
My wise account have been deactivated. And wise never transfer back my money to me. My money just gone. I have no way to complain. Their customer service never answered my question.
This is sad!
Wise will never deactivate your account without a reason, you did something you shouldn't
I’d suggest to give an understandable example . Now you’re reading wise guidelines.
thanks so much for this clear and informative video!
My girlfriend was injured while in Poland. Would the Wise card be a good way to pay the hospital bill there in Poland? What about purchasing her airplane tickets to travel from Poland back to the USA?
I am interested, but there appears to be no wise office here in NZ. I feel somewhat out of my depth doing everything online. It makes me feel unsafe.
I am in nz and want to pay for accommodation in England I have pounds on my card but just giving my card details did not work. Any advice please
I have the same problem ordering something in GBP online. Doesn't work
Nice video. Thanks for the tip on the one-off virtual card number option for ‘first month free’ type subscriptions! 👍🏻
Glad you found it useful! :)
I use Wise but card was recently blocked. Despite providing all information. Now they are sitting on my money and after weeks and request for call backs or so nothing has happened. I consider this card to be of a very tricky nature even though the card worked well for 8 months. Now I am not endorsing this card due to trust issues and non-existing customer service.
How do you like the new setup? I moved over the weekend but will make some more changes in the coming weeks :)
according rule wise prefer spend within UK and not store more than 150 euro
One thing to keep in mind with a Wise Card that I learned the hard way - they are not accepted at stores and restaurants that only accept a Girokonto card. Also, I only get one ATM withdrawal a month for $100 which makes paying in cash very difficult.
is there a better card as a European to withdraw cash in foreign countries? I just ordered the wise but now I'm doubting
At least for Europe, you can make 2 withdrawals in a month from any bank ATM. And above 200 euros, they charge a fee of 1%. This is usually more than one should need to spend in cash so it essentially becomes completely free.
Where do you live?
I think they raised the limit to something like $600. I had no problem using mine in the UK.@@unknownmovement
Thank god I've met someone who's going straight to the point what are these people have these so-called TH-cam programs a rant and rave On half way through the thing is before they get to the point not interested with the saying the beginning I understand just get on with it and God you are brilliant
thanks for the video mate. i’m from GB travelling south america where there’s various currencies but often USD. would you recommend using wise or monzo and should i convert my GBP into USD before spending or just use my GBP and let the app do the converting? any help is much appreciated
This query is better asked to the wise customer support.
With bank of America all you have to do when traveling is find out who is their partner bank in the country you are traveling to and usually there is no ATM fees!
Who cares, that is not the same. The Wise card is the way to go.
@@shortfattoad7317 It is relevant. Wise charges fees after 2 ATM withdrawals, and has a very low cap on how much you can withdraw per month without fees.
What is the fee each time you cash money at the ATM?
Don't open the business account with wise "bank", we had our and our clients accounts suspended, the wise bank held our money for months till we got refunded. Note there are people who didn't receive their money !
Did this guy really just talk about how the card looks before the other details?
Who doesn't like a cool card?
Thanks for the in-depth info..
would you be able to do a video .. requirements for a Canadian to open a business account?
so if you use the card at stores, it will spend the local currency on your card first, right?
from my understanding yes
"you currently can't make any cash deposits with the card and you can't use any credit on the card itself as well" (3 min 20) so.... what's the use then?
we are travelling to Germany for a 3 week holiday and after looking at all the cards available I feel none are really suitable for a relatively short holiday. I feel taking cash already exchanged into euro and using our mastercard for emergencies will suffice. WE have prepaid majority of trip so only requiring spending money. or would you recommend still getting a card loading it with 2,999 euro ($5,000) aud? what happens when you have remaining money on card when back in aus? Are there fees to close account? Thankyou for any info you can supply
Please any help, my account was deactivated. I have 2000 euros on it
Any luck resolving this problem?
Australian here, used the Wise card in Thailand but will be hit up 180 - 220 Baht per cash withdrawal...plus currency loss no doubt.
Good card for purchases though.
I believe it was Thai ATM charging you the Withdrawal fee
Thanks for the info. May I ask if i could use it, as a replacement for a bank account, and link it to my TH-cam channel, would this work or do I need a bank account?
Thank you for your insight. Got this card for travel.
im a digitl nomad, im living in mexico but working remotly in the US, can i use the wise card to receive my tax refund by direct deposit?
Of course. I treat it as a regular bank. They have all the similar info for depositing/withdrawing cash.
I am just beginning my overseas life next month. I applied and received my WISE card 2 days ago. It just seems that from what I have read, just load your Wise account with more than what you want to take out. Use your PIN at a local ATM and get the cash. I am from the US so I would be using a currency calculator to see how much 200 Pounds would be locally.
The biggest thing is how to send money to myself while overseas
Is wise card available india?
@@pritishpradhan1999 I do not know about India. I am confused even about the US version.
How are you able to move overseas from the U.S?
@@savannahweitzel1335 Depends what country you are going to. Different countries have different requirements for visa.
in your wise app, there is a button that says "add". if you have a credit or debit card from your traditional account back home, you should just be able to insert your information and transfer money to yourself.
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
Nope.
What is the RM13.70 for?
And I get a revolut add before a video about wise👌😂
Very informative. Many people like the card or digital card, but I don't have a cellphone so can't even apply online for a card so for the little I spend overseas, I'll stick to my credit card and cash.
Can I pay for my $9 fee for my Wise Card with my Venmo debit card?? Please need answers
Hi, before I use the wise card, how do i top up the balance?
that's my question as well.
@@debirichter5724hi. Have you figured it out? Wise offers some bank account details, you just wire the money from your normal bank into Wise provided account
Thank you for your time and posting. I'm on the fence. With a CC with points, like Saphire Chae, I get points with no transfer fees, and one free ATM withdrawal a month. So I don't get how the Wise card is better? More reviews. :)
If the card is stolen and you have £100 and the thief try to use £5000 of the card , is it possible to go overdraft ?
Is it possible to send money to someone in Spain via my personal credit card?
I’ve got a question, my problem is that I live in Canada but I came from france and we don’t have the same system for the transaction, in France we need a RIB and in Quebec an “specimens chèque”. So I must have two accounts to receive transactions from my parents who helps me from France and by my employer in Quebec. I need an account that can do both
Can you see your remaining AUD balance whilst spending on hotels, rental cars, restaurants etc whilst travelling in Ireland using a WISE card? The WISE card seems to mirror how the ING DIRECT Orange Everyday card I've used in the UK a few years ago. Has anyone out there had any problems using their Aussie ING DIRECT Orange Everyday card travelling through Europe lately?
Hi, I'm British and my bank account is in the UK. I now live in Canada and transfer money on regular basis from my UK bank to my Canadian bank account. Can I transfer funds using the Wise card and if so is it the best way to transfer money. What is the procedure to complete transfer using the card. I have used Transferwise/Wise for years but this last year there always seems to a problem with either my bank or Wise.
Can I use the wise card to pay my utilities and taxes in Italy by direct deposit using the conversion process
My wise card was registered in US. What is the max amount I can withdraw from ATM in Malaysia? From the pricing table, do I follow the max amount and fee in the Malaysia or US region? Thanks.
No mention of security? Will Wise replace your money if the card is stolen and used?
And it's not possible to set custom limits on the card. The daily withdrawal limit is 1500 EUR. If somebody steals your card they can withdraw at least 1500 euros before you realize it was stolen, possibly even more.
@@viharsarok you can set a limit of $2 if you want and freeze and unfreeze card at any time
I set up my Wise Account last week to transfer money abroad. They gave me a "Membership #" - is this my Account #? Do I still need to open a "Currency Account" with Wise? Thank you.
The Wise website says it is free to add USD to the Wise card from my bank account using an ACH transfer. But what if I want to transfer money from the card back to my bank. Is there a charge for that? Or am I better off just using the Wise card as a debit card and charging money directly from the card in order to use up the remaining USD balance on the card
I have same question - did you get an answer?
No. The wise card worked really well for me on my recent Japan trip. But they do charge a fee to transfer dollars from my bank account to the card. So maybe I misread their instructions. So I don't know if you can transfer money from Wise back to the account. I assume you can since they are linked. And I assume they would charge a fee. But I will let you know if I find out anything definitive. There is probably not much point in transferrring money back to my bank account, since if I want to use the money I can just buy something and use the Wise card. (So it was really just a theoretical question.)
you can transfer from your card back to your account and it is relatively cheaper actually
@@xporkrind zero transfer fee from my U.S. interactive broker account ACH into my wise with usd
Hi! nice review! can i use personal transferwise account in Europe for receiving payments from ebay, etsy etc.?
Great video. ? I might have missed advice.
I'm a euro ex pat and my biggest problem is making on-line shopping payments eg Amazon Spain or Germany. My UK account card just declines this. With the Wise card is this a safe, simple and responsive function. I am basically looking a daily life, easy to use, reliable spending facility. I do travel a lot using a variety of currencies. Advice appreciated.
When you say 2 withdrawals a month is this per 30 days or calendar month . Thanks
I had the same question….any answers yet?
@@Jeff929 No
@@sueschwarz581 I have since learned that the ATM withdrawals are every 30 days, not tied to specific months. Hope this helps.
Kudos. Well done. Do Wise card activities need to be through the phone app or can they be done online with a computer laptop?
So something that you could easily check on yourself, you would rather ask somebody if your laptop could do it! Here’s your sign!
@@Once_in_a_Lifetime Sometimes I derive pleasure dealing directly with another human being. Call me old fashioned. Such a thing was once widely practiced and nowadays there are those who are proficient at both ways of obtaining information. Heck, I'm no slouch at Googling for answers but, I switch up. To get quite adept and comfortable posting comments instead of a cold lookup search, I took the time to develop a thick skin against the inevitable dyspeptic bomb tossers.
Anyone go to Japan using this card? How many merchants accepted this card? I ask because I hear Japan is a cash country. I just don’t know if that info is updated.
When using ATM, what type of transaction I am selecting to withdraw cash?
Im guessing you can't use the card like a credit card when hiring a car. I was refused a car a while ago because i didactic have a credit card. I even offered to leave the excess in cash. Only reason im thinking of getting a credit card 😢
So we should watch this before we get the Wise Card, 1) You might not be able to get one and he’s worried you might get one i guess, and 2) you might not need it so you won’t see that in the promotional material and 3) if you are color blind you might not see the bright green card if you drop it in the sand, and 4) /if your stupid you can have this guy interpret instructions in your language to English!
2 withdrawals/month with a limit of $100? That's coffee money in some places. I see very little incentive for this card.
Hi, great video. I just have a question. I have my wise account. I need to transfer money to my son. Does he need to have a wise account also for this purpose, for just receiving the money? Thanks a lot for this video.
When i make wise account i just get the card number (That 16 digit number), but i dont get the account number.Is it possible with the card number to someone to put money on my card , like sallary?
Is there a monthly fee for a Wise account or Wise debit card?
No
Can you use the card to order online?
no longer works in the US
I just used mine yesterday in the US. No issues.
Why not Visa?
Is it beneficial for someone who is not frequent traveller. However I do travel overseas once every year and usually travel to 2 countries during that trip.
Yes. There aren't any account fees you can just get the card and keep it until you need it. Even though I'm not a frequent traveller I use it because of it's convenience, there's no need to carry money around and I can just withdraw what I need when I'm within the country, no need to queue at exchanges and it's basically guaranteed that I'm getting the best exchange possible.
Why are there fees to transfer money in my wise uk account from (also mine)another uk bank account? I don’t understand. Makes wise only a transfer app not spending app for me
the fees are not from wise, but from your other bank.
Great vid and explanation mate
I wanted to send 30 thousand dollars to South Africa to a Registered Non-profit, but your documents say this country is not supported. Can I send money to South Africa, and how best to do that?
if the country isn't supported, then I'm afraid it isn't possible to send
I'm just curious when you spend in like let's say Jakarta, or let's say Canada, do you tell the person at the store when they ask, to do the transaction in Indonesian Rupiah and Canadian dollars, or your own home currency? I imagine the purpose of this card is to do be able to do it in the currency of the country right, and incur as few charges on top of that as possible... right?
Thank you for your help :)
May be I should have mentioned that I paid this surcharge of about 1,5% because the card was identified as a credit card by the terminal even though it is a debit card. I paid with a Turkish Ziraat bank debit card in the same cafe before. It also was identified as a credit card instead of a debit card, but never was it surcharged. That is why I thought that this surcharge attributes to Wise.
hi, i also have turkish ziraat bank and wondering how will i use this in Brasil.... so when you purchase something, how much the debit card (turkish) surcharge applied?
@@yutube5167 there were no surcharges on Ziraat debit card payments
Can you use it to buy TH-cam Premium from another country? Asking for a friend 😅
well I have not used yet so hope it all goes well when I start!
then what do you suggest living as expat in Brasil?
Stop saying Expat would be a start. Being an immigrant isn't a dirty word.
This doesn't make sense to me at all I've tried transfer 20€ from Dutch bank account to my wise account and now every month wise is taking 20€ out of my account and transfering it to my wise account can someone help me out with this please?
Lies
What have you bought recently?
It’s a Visa card nowadays. No longer Mastercard
Can this card be used to withdraw local currency? Is there any transaction fee?
can i use this card in the iceland?
i will just reload in term of MYR.
is that possible ?
Some credit card don’t charge foreign fees.
I live in Kuwait city and I need a payment method for my online business. Which one works for me?
Hello I have a question please , when I ordered my wise card I paid 9 euros is that cash on my card or is just the sending fee only ???
what if wise goes bankrupt?
Do I need a thai bank account if I get the Wise card or can I just take money out of ATM with the card?
I love in africa am using usd in my account will that get fees when I purchase stuff ?
Did you say, ("you can't make cash deposits to the Wise debit MC")? How does one add funds USD to this debit Mastercard? Thank you.
Through your linked bank account
great vid, thank you
this was great! thanks!
Thanks Chris!
have people been able to send their us military or us social security or us federal retirement to a wise account?
Awesome review, thanks!