Watch This Before You Get Wise | Wise Card Review 2023

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⏰TIMESTAMPS
00:00 - Intro
01:33 - Wise Overview
03:29 - Wise Card
04:28 - Wise Fees
08:33 - Should you get Wise?
09:58 - Final Thoughts
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👁 In today's debit card review, we are taking a closer look at Wise (ex transferwise), a great service that allows you to pay less while making international payments or spending money abroad!
The Wise debit card is the perfect choice the anyone who tends to spend a lot of time and money abroad. i.e it's the perfect match for digital nomads, ex-pats, or simple frequent travelers.
Now with more and more fintech apps on the market, is it worth getting Wise, or should you go with one of its competitors? Watch the full Wise card review to find out :)
Watch This Before You Get Wise | Wise Card Review 2023
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Пікірлер: 303

  • @driftertravels928
    @driftertravels9282 жыл бұрын

    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

    @AliASHTV

    2 жыл бұрын

    Hi, why you don’t keep your cash in the wise account? Just curious.

  • @aussieexplorer5858

    @aussieexplorer5858

    2 жыл бұрын

    @@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.

  • @aussieexplorer5858

    @aussieexplorer5858

    2 жыл бұрын

    @@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

  • @SimiTravels

    @SimiTravels

    Жыл бұрын

    sweet, thanks for the feedback !

  • @hermes8258

    @hermes8258

    4 ай бұрын

    ​@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.

  • @monalivaraiya4474
    @monalivaraiya44742 жыл бұрын

    thanks so much for this clear and informative video!

  • @pakcokok88
    @pakcokok8810 ай бұрын

    great vid, thank you

  • @dot1spot
    @dot1spot2 жыл бұрын

    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 🇨🇦

  • @Lulu-kt6gr

    @Lulu-kt6gr

    Жыл бұрын

    did you get the wise card? how did it work for you in Europe? thanks

  • @mattkriese7170

    @mattkriese7170

    Жыл бұрын

    I'm considering this for Europe as well. How did it go?

  • @nicklopez5298

    @nicklopez5298

    4 ай бұрын

    I'm not frequent traveler just have for when 8 win the lotto

  • @seanmarshall2544
    @seanmarshall25442 жыл бұрын

    Great vid and explanation mate

  • @dennisbruce3763
    @dennisbruce3763 Жыл бұрын

    Thank you - very helpful

  • @brikler7717
    @brikler7717 Жыл бұрын

    Thank you for your insight. Got this card for travel.

  • @WillGallagher1
    @WillGallagher1 Жыл бұрын

    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!

  • @jnnkmm

    @jnnkmm

    Жыл бұрын

    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?

  • @Sam-pn2kc

    @Sam-pn2kc

    Жыл бұрын

    @@jnnkmm money mules and doing crypto

  • @joancomellacruz2265
    @joancomellacruz2265 Жыл бұрын

    Awesome review, thanks!

  • @raykhan8053
    @raykhan80535 күн бұрын

    Thanks for the in-depth info.. would you be able to do a video .. requirements for a Canadian to open a business account?

  • @sircarek
    @sircarek2 жыл бұрын

    this was great! thanks!

  • @erikssongustav

    @erikssongustav

    2 жыл бұрын

    Thanks Chris!

  • @Patigoooool
    @Patigoooool2 жыл бұрын

    Nice video. Thanks for the tip on the one-off virtual card number option for ‘first month free’ type subscriptions! 👍🏻

  • @erikssongustav

    @erikssongustav

    2 жыл бұрын

    Glad you found it useful! :)

  • @yourhavingalaugh100
    @yourhavingalaugh100 Жыл бұрын

    well I have not used yet so hope it all goes well when I start!

  • @hermes8258
    @hermes82584 ай бұрын

    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.

  • @user-px1zu4je4k
    @user-px1zu4je4k4 ай бұрын

    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

  • @sycamore1955
    @sycamore1955Ай бұрын

    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.

  • @smm24hpanel9
    @smm24hpanel9 Жыл бұрын

    Nice explanation 👍🏻💙

  • @mario_luis_dev
    @mario_luis_dev2 жыл бұрын

    **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 😅

  • @ben321bum

    @ben321bum

    Жыл бұрын

    How much is the fee for above 3k euro?

  • @shortfattoad7317

    @shortfattoad7317

    Жыл бұрын

    that has now been reversed.

  • @rrm2854

    @rrm2854

    Жыл бұрын

    Never keep your cash in any Bank... Just what you need for the month

  • @NikhilBapat

    @NikhilBapat

    Жыл бұрын

    New update makes it completely free to hold euros without any limit. Only for Australian accounts they have a fee for large amounts.

  • @jaycalvin3783

    @jaycalvin3783

    9 ай бұрын

    @@rrm2854Where do you suggest keeping it?

  • @erikssongustav
    @erikssongustav2 жыл бұрын

    How do you like the new setup? I moved over the weekend but will make some more changes in the coming weeks :)

  • @nothanks6671
    @nothanks6671 Жыл бұрын

    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. 🙏

  • @stewartmcintosh1073
    @stewartmcintosh10732 жыл бұрын

    Thank god I've met someone who's going straight to the point what are these people have these so-called KZread 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

  • @joaojaqueryfilho9738
    @joaojaqueryfilho9738 Жыл бұрын

    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.

  • @twilliamrafferty522

    @twilliamrafferty522

    Жыл бұрын

    Rental companies usually only take credit cards, not debit cards.

  • @stevenng1923

    @stevenng1923

    6 ай бұрын

    ​@@twilliamrafferty522any specific reasons for that?

  • @schung88
    @schung88 Жыл бұрын

    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.

  • @denisstarr5087
    @denisstarr5087 Жыл бұрын

    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?

  • @zephyrkhambatta
    @zephyrkhambatta8 күн бұрын

    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 :)

  • @patriciastyles1761
    @patriciastyles17614 ай бұрын

    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.

  • @davidj7516
    @davidj75162 ай бұрын

    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. :)

  • @sportsmaster8729
    @sportsmaster8729 Жыл бұрын

    And I get a revolut add before a video about wise👌😂

  • @Ttttt7990
    @Ttttt79908 ай бұрын

    I’d suggest to give an understandable example . Now you’re reading wise guidelines.

  • @danielfragrances5732
    @danielfragrances5732 Жыл бұрын

    Hi! nice review! can i use personal transferwise account in Europe for receiving payments from ebay, etsy etc.?

  • @user-co4mw1jb1j
    @user-co4mw1jb1j Жыл бұрын

    Can I use the wise card to pay my utilities and taxes in Italy by direct deposit using the conversion process

  • @Hey-if6fv
    @Hey-if6fv Жыл бұрын

    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

  • @harrydelaisse5594
    @harrydelaisse5594 Жыл бұрын

    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

  • @SwiftTelly20

    @SwiftTelly20

    Жыл бұрын

    This query is better asked to the wise customer support.

  • @flyairch
    @flyairch Жыл бұрын

    according rule wise prefer spend within UK and not store more than 150 euro

  • @ollysafronova473
    @ollysafronova473 Жыл бұрын

    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.✨🙏

  • @Sam-pn2kc

    @Sam-pn2kc

    Жыл бұрын

    because woman make it more complicated your suppose to choose local currency

  • @ollysafronova473

    @ollysafronova473

    11 ай бұрын

    @@Sam-pn2kc I've already figured it out. "Woman" reference feels irrelevant.

  • @outlilei

    @outlilei

    7 ай бұрын

    @@ollysafronova473I used it in hongkong. It auto converted from usd into HK dollar. The rate is great. Hoping you have figured it out😊

  • @eQuariuz

    @eQuariuz

    6 ай бұрын

    @@Sam-pn2kc ahahahahahahahahahaa

  • @TheAndywooller

    @TheAndywooller

    3 ай бұрын

    ​@@ollysafronova473ignore the idiot, your comment was super helpful for me! Thank you for sharing!

  • @sharonbennett3318
    @sharonbennett33185 ай бұрын

    Some credit card don’t charge foreign fees.

  • @islandhopper100
    @islandhopper1007 ай бұрын

    much better choices out there. Wise is good for bank to bank and that"s about all.

  • @tecoliahamilton9663

    @tecoliahamilton9663

    5 ай бұрын

    What other ones would you recommend?

  • @yannip2083
    @yannip2083 Жыл бұрын

    What is the fee each time you cash money at the ATM?

  • @alsadekalkhayer7007
    @alsadekalkhayer7007 Жыл бұрын

    Thanks for the info. May I ask if i could use it, as a replacement for a bank account, and link it to my KZread channel, would this work or do I need a bank account?

  • @LucideLeven
    @LucideLeven3 ай бұрын

    "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?

  • @anabellabella2266
    @anabellabella2266 Жыл бұрын

    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.

  • @FK-pv2zi
    @FK-pv2zi2 жыл бұрын

    You should review Novus bank

  • @fredh3152
    @fredh3152 Жыл бұрын

    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

    @shortfattoad7317

    Жыл бұрын

    Who cares, that is not the same. The Wise card is the way to go.

  • @jandal8905

    @jandal8905

    Жыл бұрын

    @@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.

  • @eslmaster
    @eslmaster Жыл бұрын

    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...

  • @Daribbler
    @Daribbler10 ай бұрын

    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.

  • @cryptoslacker-464
    @cryptoslacker-4644 ай бұрын

    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 😢

  • @cliveburke9748
    @cliveburke9748 Жыл бұрын

    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.

  • @MattErickson-he9op
    @MattErickson-he9op Жыл бұрын

    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?

  • @Tradesman1956
    @Tradesman1956 Жыл бұрын

    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.

  • @AandBeducation4730
    @AandBeducation47302 ай бұрын

    Is it good to get payed by amazon ?

  • @ollysafronova473
    @ollysafronova473 Жыл бұрын

    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.

  • @yutube5167

    @yutube5167

    10 ай бұрын

    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?

  • @ollysafronova473

    @ollysafronova473

    10 ай бұрын

    @@yutube5167 there were no surcharges on Ziraat debit card payments

  • @RonBrumleve
    @RonBrumleve Жыл бұрын

    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?

  • @TheCatfish1975
    @TheCatfish19752 жыл бұрын

    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

  • @pritishpradhan1999

    @pritishpradhan1999

    2 жыл бұрын

    Is wise card available india?

  • @TheCatfish1975

    @TheCatfish1975

    2 жыл бұрын

    @@pritishpradhan1999 I do not know about India. I am confused even about the US version.

  • @savannahweitzel1335

    @savannahweitzel1335

    2 жыл бұрын

    How are you able to move overseas from the U.S?

  • @tangodaze

    @tangodaze

    Жыл бұрын

    @@savannahweitzel1335 Depends what country you are going to. Different countries have different requirements for visa.

  • @bjulia_kezi

    @bjulia_kezi

    Жыл бұрын

    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.

  • @tg213
    @tg2132 жыл бұрын

    have people been able to send their us military or us social security or us federal retirement to a wise account?

  • @znotft
    @znotft9 ай бұрын

    so if you use the card at stores, it will spend the local currency on your card first, right?

  • @lenseofficial

    @lenseofficial

    2 ай бұрын

    from my understanding yes

  • @yannip2083
    @yannip2083 Жыл бұрын

    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.

  • @KendraCook-tj9yk
    @KendraCook-tj9yk Жыл бұрын

    how do I transfer money from my USA bank account to my wise card?

  • @charlie6751
    @charlie6751 Жыл бұрын

    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

  • @samui007

    @samui007

    Жыл бұрын

    You can

  • @dreyt5197
    @dreyt5197 Жыл бұрын

    nice

  • @smiffyinspain
    @smiffyinspain Жыл бұрын

    Thank you for the information.I live in Spain.I want to cancel my Spanish Bank and change to wise.I have my work pension paid into spain transferred into euros. I have a UK bank account which I want to keep as I have my government pension paid into it.I have used wise to transfer money but what do I need to do to get a wise card and would my Spanish bank transfer my money into my wise account and would wise pay my standing orders which I could set up.

  • @richardbicknell2140
    @richardbicknell2140 Жыл бұрын

    As an expat I find Wise excellent, high security too

  • @cyborgclarke

    @cyborgclarke

    Жыл бұрын

    would this be a good account to get in the US when moving back home to the UK

  • @sylaicken6154
    @sylaicken6154 Жыл бұрын

    When using ATM, what type of transaction I am selecting to withdraw cash?

  • @machado5765
    @machado576510 ай бұрын

    Why not Visa?

  • @skyramafoil
    @skyramafoil2 жыл бұрын

    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.

  • @bjulia_kezi

    @bjulia_kezi

    Жыл бұрын

    actually if the local currency is supported by the app, then you can withdraw your money for free.

  • @newyorker4308
    @newyorker4308 Жыл бұрын

    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?

  • @Daribbler

    @Daribbler

    10 ай бұрын

    I’m sure this card isn’t for you to withdrawal cash from.

  • @outlilei

    @outlilei

    7 ай бұрын

    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

  • @goldielocksg7208
    @goldielocksg7208 Жыл бұрын

    What bank is holding the money from wise card?

  • @duncanmccallum7536
    @duncanmccallum7536 Жыл бұрын

    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.

  • @JaJa-qt5sf

    @JaJa-qt5sf

    Жыл бұрын

    Wise customer service sucks. Completely incompetent.

  • @stevenng1923

    @stevenng1923

    6 ай бұрын

    Does the hotel accepts visa or master, to begin with?

  • @michalmisio64
    @michalmisio64 Жыл бұрын

    Can I pay with this card in Costa Rica on vacation in the souvenir shop or on the beach restaurant for my drink with the maximum profitable conversion exchange rate ?

  • @alainexpat
    @alainexpat11 ай бұрын

    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.

  • @user-jy1tl2ex2l

    @user-jy1tl2ex2l

    6 ай бұрын

    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?

  • @alainexpat

    @alainexpat

    6 ай бұрын

    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.

  • @markoristovski5209
    @markoristovski5209 Жыл бұрын

    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?

  • @tangoone4669
    @tangoone4669 Жыл бұрын

    Is it possible to send money to someone in Spain via my personal credit card?

  • @BoonTeikLow
    @BoonTeikLow Жыл бұрын

    can i use this card in the iceland? i will just reload in term of MYR. is that possible ?

  • @HilalMohideen92
    @HilalMohideen92 Жыл бұрын

    It’s a Visa card nowadays. No longer Mastercard

  • @spookyblack7526
    @spookyblack7526 Жыл бұрын

    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?

  • @MrCoronelvivida
    @MrCoronelvivida11 ай бұрын

    Great video Gustav!! What is the limit of Euros an American can withdraw?

  • @erikssongustav

    @erikssongustav

    11 ай бұрын

    Thanks! You can find the exact amounts here wise.com/help/articles/2935769/how-much-does-it-cost-to-withdraw-cash

  • @MrCoronelvivida

    @MrCoronelvivida

    11 ай бұрын

    @@erikssongustav I found it!! Thanks again for a great video. And don’t listen to the other idiots that had unnecessary comments about your video. I’d like to see them do better!

  • @relaxandchill402
    @relaxandchill402 Жыл бұрын

    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.

  • @unknownmovement

    @unknownmovement

    Жыл бұрын

    is there a better card as a European to withdraw cash in foreign countries? I just ordered the wise but now I'm doubting

  • @NikhilBapat

    @NikhilBapat

    Жыл бұрын

    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.

  • @mitismee

    @mitismee

    11 ай бұрын

    Where do you live?

  • @incubus_the_man

    @incubus_the_man

    7 ай бұрын

    I think they raised the limit to something like $600. I had no problem using mine in the UK.@@unknownmovement

  • @nicklopez5298
    @nicklopez52984 ай бұрын

    Is this card FDIC insured

  • @stevewilliams4685
    @stevewilliams4685 Жыл бұрын

    How do I deposit funds into my Wise account? Thank you

  • @kamaldeepsinghkamaldeepsin8061
    @kamaldeepsinghkamaldeepsin80619 ай бұрын

    can in deposit money in atm with this card

  • @artaro
    @artaro Жыл бұрын

    I live in Kuwait city and I need a payment method for my online business. Which one works for me?

  • @garys2187
    @garys21872 жыл бұрын

    Do you happen to have a video about opening a bank account in an EU country for a US resident? We are planning to travel extensively in Europe, perhaps as long as two years and I assume that this would be useful for things that you simply can't do with a debit card.

  • @bjulia_kezi

    @bjulia_kezi

    Жыл бұрын

    I don't think it matters where you are, i've been in cyprus and have had the card for more than 6 months . I use it for everything since I don't have a traditional bank account. it really doesn't matter where you are.

  • @viharsarok

    @viharsarok

    Жыл бұрын

    You can do everything with a debit card in Europe. We're not America, you know.

  • @arnonil
    @arnonil11 ай бұрын

    How Wise hands deposit?

  • @aliciawilliams7712
    @aliciawilliams7712 Жыл бұрын

    Can I pay for my $9 fee for my Wise Card with my Venmo debit card?? Please need answers

  • @pavelmushfik
    @pavelmushfik Жыл бұрын

    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.

  • @bbblop4545

    @bbblop4545

    Жыл бұрын

    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.

  • @albertocoutinho5703
    @albertocoutinho5703 Жыл бұрын

    Wise got credit card?

  • @gprivat2206
    @gprivat2206 Жыл бұрын

    can you use it to buy steam games from argentina?

  • @sadekhossain9566
    @sadekhossain9566 Жыл бұрын

    Does it send mobile sms notification when you pay with card?

  • @ashokjayam3231
    @ashokjayam32313 ай бұрын

    Did anyone got money for referring your friends

  • @oliverread1060
    @oliverread1060 Жыл бұрын

    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.

  • @sandrawoodward8287

    @sandrawoodward8287

    7 ай бұрын

    . . . 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

  • @gnolan4281
    @gnolan4281 Жыл бұрын

    Kudos. Well done. Do Wise card activities need to be through the phone app or can they be done online with a computer laptop?

  • @Once_in_a_Lifetime

    @Once_in_a_Lifetime

    2 ай бұрын

    So something that you could easily check on yourself, you would rather ask somebody if your laptop could do it! Here’s your sign!

  • @gnolan4281

    @gnolan4281

    2 ай бұрын

    @@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.

  • @JuanSanchez-ik7wx
    @JuanSanchez-ik7wx10 күн бұрын

    2 withdrawals/month with a limit of $100? That's coffee money in some places. I see very little incentive for this card.

  • @jacklim3585
    @jacklim3585 Жыл бұрын

    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

  • @TheMuslimApologist

    @TheMuslimApologist

    Жыл бұрын

    Nope.

  • @yannip2083

    @yannip2083

    Жыл бұрын

    What is the RM13.70 for?

  • @LMBFAO
    @LMBFAO Жыл бұрын

    I love in africa am using usd in my account will that get fees when I purchase stuff ?

  • @VideoAssociates
    @VideoAssociates Жыл бұрын

    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.

  • @outlilei

    @outlilei

    7 ай бұрын

    I believe it was Thai ATM charging you the Withdrawal fee

  • @TheOlderIget
    @TheOlderIget3 ай бұрын

    How do you use the Wise card to pay a utility bill in Canada?

  • @erikssongustav

    @erikssongustav

    3 ай бұрын

    Maybe someone else can give input here but im pretty sure that it depends on if the utility company accepts debit cards or not. Most utility companies in Sweden for example only accept bank transfers.

  • @xporkrind
    @xporkrind2 жыл бұрын

    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

  • @jacsbill1981

    @jacsbill1981

    Жыл бұрын

    I have same question - did you get an answer?

  • @xporkrind

    @xporkrind

    Жыл бұрын

    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.)

  • @bjulia_kezi

    @bjulia_kezi

    Жыл бұрын

    you can transfer from your card back to your account and it is relatively cheaper actually

  • @outlilei

    @outlilei

    7 ай бұрын

    @@xporkrind zero transfer fee from my U.S. interactive broker account ACH into my wise with usd

  • @user-jy1tl2ex2l
    @user-jy1tl2ex2l6 ай бұрын

    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?

  • @NomadicDmitry

    @NomadicDmitry

    4 ай бұрын

    Of course. I treat it as a regular bank. They have all the similar info for depositing/withdrawing cash.

  • @denapattison6363
    @denapattison6363 Жыл бұрын

    I just want to occasionally send 100 bucks to my sis in England. Is Wise a good fit?

  • @trueyezerihun290
    @trueyezerihun290 Жыл бұрын

    Can send money from my bank account to Wise account?

  • @acmramon
    @acmramon2 жыл бұрын

    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

  • @bjulia_kezi

    @bjulia_kezi

    Жыл бұрын

    the fees are not from wise, but from your other bank.

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