Stop Getting Ripped Off when You Travel Abroad - Wise Card Review

Hi! May I ask if you have an idea about this, I have a wise account, online and card, the account is in € but would like to place an order with other currency. Do i have to make an account with the same currency or can i just use it in €? Thanks

Maybe one of you can explain the following on the wise home page on the bottom. "The Program is not intended to be a long-term investment option, checking or savings account, investment contract or security." I'm a lawyer and I contacted wise and they don't know either. This statement is highly problematic without further clarification. Just think about it for a second. What happens if you leave your money in there for too long and what is too long. Account closure? Locked account? What???

Edit: Wise and other affiliate channels delete above post. Interesting.

Excellent video ... very informative ... thank you for posting.

Thanks a lot for your video it clearly explained the difference of money in a Jar and the Account and it's use by Debit card
I struggled for days to get it to work out and it seems Wise do not want explain it in a simplest way with an example or by steps by steps guide I don't know why Wise are afraid of Giving their customers service help emails ..? Very odd when in today's era communicating with e MN ail is must

Great great video!!! Very easy to understand and clear example! I am sold 😂

But when you want to add money to your account Wise become very expensive the fees.

You have explained it really well I'm waiting for my card to arrive and am a little bit scared , it's probably my age 69 so afraid of being scamed! How do I pay the seven euros for the card? going to Indonesia so fingers crossed!

I would have question: If I am open Euro account, could I change my deposit money in Brazilian Real? Thank you

Can you tell me what do you think of using this card to protect against inflation? This card can convert your money to different currencies right? So what if i am scared that one day Malaysian Ringgit will collapse, so i decide to convert the money i put in Wise card to Singaporean Dollar or Euro or Swiss Franc? Do you think this is a cheap, easy, convenient way for a citizen in Malaysia to protect against Ringgit devaluation?

I have a Canadian Wise account. I do not see any option to open an account in IDR or any other currency other than ten (e.g., Turkish lira, Hungarian forint and others). But even this doesn't make sense as I read on the Wise site that Turkey and many other nations permit only sending money out, not in. Have I misunderstood? Is there something special about a wise account for Singapore residents? Also, I do not see how a non-resident of Singapore can link his Singapore bank account to Wise. Oh, and Wise cards take bout two weeks for delivery here rather than within one week. Perhaps this is due to the inefficiencies of Canada Post versus Singapore Post. Or maybe Canadian cards are sent from USA? All in all I still find Wise confusing. It is probably better value than the competition (banks) though.

update: After poking around I found the following on the Wise website...

"You can add money to your account in these currencies: AUD, BGN, BRL*, CAD, CNY* CHF, CZK, DKK, EUR, GBP, HUF, IDR*, JPY, MYR*, NOK, NZD, PLN, RON, SEK, SGD, TRY and USD.

*BRL: you need to be a Brazilian tax resident to add money in BRL

*CNY: only if you're eligible to send money from CNY

*IDR: can be used to top up any balance except IDR

*MYR: only Malaysian residents can top up their MYR balance directly by MYR."

regarding *Sending money*...

"MYR from any bank account in Malaysia (only available if you're a resident in Malaysia and only supported for personal accounts)."

Indonesian rupiah? Not even on the list. So, how were you able to do this? SGD can only be added from Singapore bank accounts. It doesn't say that the transaction has to be from a Singapore resident. So, Singapore clearly has more of a free market in international financial transactions than both Malaysia and Indonesia.
Although even this is not absolute, there are still capital controls according to what I read. I presume this is due to geopolitics and Nation-State control of currencies.

which one is better to receive money from Indonesia sent to Canada, Pay Pal or Wise?

Any card without foreign transaction fees does the same thing you wasted 2 minutes of my time!! THumbs down and Unsubscribe!!!!!

Just ordered my Wise physical card using my credit card and the bank charged RM18 cash advance fee as according to them, Wise is categorized as an investment company and hence the advance fee is charged. I've explained that this is not cash withdrawal but only to pay for the physical card. Have you heard of anyone facing the same situation before? My worry is that they are going to charge me RM18 every time I add cash into Wise. Kindly advise.

Is the card helpful if my credit card does not charge a fee for international purchases?

Appreciate the video. It was very helpful

Hi helmi.. thanks for the video. It was really helpful. However, i have a question im confuse about. It says tat 2% is charge if we top up any e-wallet right. This 2% is for other 3rd party ewallet or for the topup wich we do for wise account instead?

This is Interesting. Bc the Yen is pretty low rn. I want to buy yen to be prepare before I traveling

Hi, is it more efficient to convert the money in advance or let Wise convert it for every transaction I make?

The best Wise video explanation! Goshh couldn’t thank you enough! Been struggling to understand Wise and stumbled upon your video and it answered all my questions, confusions and doubts! Thanks a lot Helmi!

May I know between Wise and Bigpay, which one is better?

Can you make a comparison between Wise and BigPay card? Since I've been using BigPay for the last 5-6 years when travelling abroad. tq

Hi Helmi. Just a quick question. I am a Singaporean travelling to Langkawi soon. Can i use Wise Card at any ATMs in Langkawi?

in your rupiah example, you have both the ringgit and rupiah on your card, right? so how does the card know which account to use?

Hi helmi, just wondering the usual eta to get the physical card to KL, Malaysia. Because at the apps said within 14 working days. Could it be the card arrive late then time given? Please help a friend out 🙏🏻

Please advise does Wise automatically detect I am in Singapore, Vietnam or Indonesia on holiday and will also automatically switch to my account set up for that currency when I paid for foods or hotel please advice

Thanks great help!!

Well done. Clear and straight to the point.

Can I transfer back the money to personal account?

Users do need to know - if you use the interest account, you can only ever withdrw is "97%" WISE WILL keep 3%. its in the terms and conditions "1. If you add or receive money, we'll invest it in the fund we’ve chosen. 2. If you spend, or send, money we'll sell some of your investment. 3. You can only take out up to *97% of your Balance or Jar"
Its why theres a warning about "getting less than you put in" . So... in theory all the money you earned in the interest account, can be taken and wiped out by that 3% and then some...
[EDIT: My Assumption maybe incorrect- this is currently being looked into/tested]

Hi, setiap kali kita buat pembayaran akan ada charge tak? As in card fee

Very detailed and well explained video. Thanks 👍

Hi, can I use wise digital card when pay bill at counter?

does wise card have annual charge fee ,and the card register is free or need to pay first to use,what function does it have(i havent apply for the card yet so i need to ask)

Does it require a pin. Or is it payWave. If payWave and you lose it or it gets stolen, all the money can be spent by the thief. Is this a problem with wise.

i understand that withdraw cash is free with wise twice a mth however, the atm will charge right? which atm to use in bali to withdraw cash has the lower atm fee charges?

Thank you. Clear, precise and helpful indeed!

If you use a WISE card your using your own money, if you use a credit card your using the banks money......

Bila sampai Indonesia tu, dia automatik tolak duit indonesia atau kita kena pilih akauan currency yang mana satu dulu?

Good rate indeed

The question is how safe is it to store your money in wise account.. How is the security and emergency procedure such as lost cards etc..

So I'm in England traveling to India, I have just set up to transfer english to Indian money, when I there I pay with my card and it will automatically deduct from rupees?

Hi! Thanks for the video really well explained. Do you know what happens when the currency of the country you are visiting is not in the list, e.g. ISK?

Really informative video. Thank you, Helmi! Would you recommend or have any qualms using the Wise account as a means of keeping some savings in foreign currency?

Thank you for the very informative video

Hi, do you know Wise card can be linked to WeChat pay in China if I travel to China.

Why is it that my Wise card can't be swiped when making payment and that I had to key in my PIN? I've tried it a few times and still the problem persists. I'm a Malaysian and if I have a Singapore dollars balance in my Wise account, what is the maximum Singapore dollars that I can withdraw from Singapore ATM and is there a minimum withdrawal sum? Also, which type of ATMs can I withdraw Singapore dollars for free?

How can I open a balance account when on my app don't have any option ?

Bro can Wise digital card be used when paying abroad? I couldn’t see any way except for transferring money. I’m still waiting for the physical card to arrive. Looks like I’ll be travelling without one

Using Wise card is indeed a wise move! 👌🏻