Stop Getting Ripped Off when You Travel Abroad - Wise Card Review
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- Опубліковано 7 чер 2024
- If you travel abroad & swipe your credit card, you wouldn't know how much your bank will charge you for that transaction until you get your statement a couple of days later.
The Wise Card is an essential financial tool for frequent travellers & digital nomads.
I've been using the Wise Card exclusively for my spending during all of my international travels & thought it would be a good idea to share something beneficial to my audience.
Register for a Wise account here: wise.prf.hn/l/kxQJzWn
0:00 - Video starts
0:51 - What is Wise?
1:17 - How to save money transferring money abroad
3:53 - Worldwide ATM withdrawal fees
5:29 - Pros & Cons of the Wise Card
To get your Wise Card, you need to register a Wise account first. Register for a Wise account using my link here to get your first MYR 2,500 worth of transfer without any fees: wise.prf.hn/l/kxQJzWn
#wise #transferwise #digitalnomad
You missed the most useful feature of using Wise card abroad.
Say you have USD, EU and MYR balance in your Wise account and you go to London. Since you do not have GBP, when you use Wise card to pay, Wise will determine which currency that has the best rate to convert to on the fly.
ie If the exchange rate is better in USD-->GDP at the moment, it'll choose your USD balance to pay.
You really do not need to convert/open a GDP account before you use it, unless you wanted to.
Underrated. Thanks for pointing this out!
But there's a small fees for conversion.
thank you, u just answered my question
I think it is better to have the currency because it is helpful if anyone with GBP account want to transfer to you, you can give them the GBP account details . Also, if you do not have GBP , it will deduct from your Euro account but with an additional fee .
Americans don’t use this card much because they have several cards in the U.S that waives atm fees and credit cards that waive foreign transaction fees. However, I noticed that the exchange rate might not be as good or fair to the real exchange rate. So maybe that is where this Wise card has the advantage.
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!
This is the most clear, concise and informative video ever. Thank you so much! This was brilliant and so helpful!
Well done. Clear and straight to the point.
This is such a helpful video. I’m planning a trip to both Malaysia and Bali from the US so it’s good to know I can use Wise over there. Thank you!
I have a trip in August/September in Europe and I’ve been setting aside money weekly on my wise card. I think it’s a great budgeting tool for vacationing. Thanks for the video, it was very informational.
Thank you Helmi! This is a great explanation. Just got mine today.
Happy this was helpful for you :)
Thank you. Clear, precise and helpful indeed!
Glad it was helpful!
Excellent video ... very informative ... thank you for posting.
Thank you, glad it was helpful!
Thanks great help!!
This was so helpful.
Helpful :) i am heading to Bali too this September!
It's fun! Enjoy yourself :)
Great explanation of the use of Wise card. Thanks for sharing ❤😊
Terbaik bossku! Aku da bertahun2 ada wise card.. tapi sampai sekarang tak pernah pakai bila overseas.. pasal tak tau cara pakai! Video ni memang sangat2 informative.. sekarang da tau cara nak convert dari local currency to overseas currency🙏
Very detailed and well explained video. Thanks 👍
thank you!
Great video mate,,,
Great video. Thank you!
Glad you liked it!
Thank you and its so informative
Glad you think so!
thanks. But yeah, the jars is not permanent. Always can be transfer it back
Appreciate the video. It was very helpful
Glad it helped
Highly recommend the wise card . Specially traveling overseas
Thank you for this video. I’m in my late 60s and have hesitated getting Wise because I didn’t totally understand it. This was an excellent explanation of how Wise works. I will use your affiliate link.
I'm glad my explanation was easy to understand. Enjoy using Wise during your travels :)
Nice...Thank you, Sir!
Thank you for the explanation! So it's pretty popular due to being able to convert the money to mid market online without having to convert cash yourself while traveling and no foreign transaction fee?
Thank you for taking your time to review the card. What happens to the balance on the account once you have completed your travels? Can you transfer it back to your personal account? I'm assuming the normal conversion apply?
yes to both.
I usually don’t buy too many foreign currency when traveling. Convert just enough for my travels.
the balance, if a lot will have a small charge to transfer back to your account.
I sometimes just leave it in there in case i’ll be traveling again
Thanks , I had plan to spend Euros in Spain, putting the money in "JAR" no other video explained about this JAR thing
Great explanation
thank you brother from 🇵🇭 real cool video
Thanks for watching!
Very informative. Thanks.
You're welcome!
I use this just to get actual market rate for my money for a small flat fee and then buy things on US amazon for 10x less lost money than what paypal screws me with on the exchange rate overall.
Thank you for the very informative video
Glad it was helpful!
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?
Glad it was helpful!
I do not keep currencies for investments in Wise.
I don't think that's what it's there for. But no problem to keep foreign currencies on Wise.
Just note that there is no interest if you keep money on Wise
yes wise is great for people who live abroad. I Can have a small balance and send money to my polish bank every month
Great video thanks for the explanation! How about if i have excess money after my travel. For example I bought 100k IDR but spent only 90k IDR. What happens to the remaining funds? Can I transfer it back to some other currency or to my home currency i.e AUD?
Hi Helmi, great content.
Q1 To top up using fpx RM into say usd, is there a suitable time to do it..due to currency fluctuations.
If say on days RM is the weakest and we bought usd.. wouldn't that defeat the purpose of using wise when we use it in USA 😊??
Great great video!!! Very easy to understand and clear example! I am sold 😂
Thank you!
Excellent Review. Much Appreciated.
Glad it was helpful!
Hi, thank you for that video, i stumbled across wise card when preparing for our Japan trip. I have been slowly putting money to my wise card, in addition to my debit and credit card. I really love the feature of the wise card that you can lock in the exchange rate, however, im a bit skeptical to put in big amount of money like $3000aud (converted into jpy) to pay for our hotel accommodation, are they really that reliable like any mastercard or visa? thanks in advance
Using Wise card is indeed a wise move! 👌🏻
This is Interesting. Bc the Yen is pretty low rn. I want to buy yen to be prepare before I traveling
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?
I am not 100% sure. ISK is not on the list means you can't open up a foreign ISK account on your Wise account. That being said, the Wise card can still be used when you're there. It will deduct from whichever currency you have balance & with the cheapest rate for you automatically. But best to talk to Wise customer support to be 100% sure.
Ive been having hard time finding a good tutorials and thi helped me a TONN
I was worried the card wouldnt be avaible in any ATM due to indonesia can be very less active with changes and some need to use cash more to buy stuff.
And i was worried id be wasting my money to buy the card if i couldnt even use it,this video helped me with me anxiey,overthingkint anxious butt haha
Thank you so much for all of this not only it made me want to buy the cards it made me atleasf happy indonesia letting us to use this card ❤
Edit // hope u had a blast in bali!!
Why Jordan dinar are not listed ? What should I do ?
how does it know which balance it uses? For example, if I have opened euros, pounds or pesos and added funds in them....then I go to Portugal to pay for something....does it know automatically that the charge should be deducted from euros? That is, there's no need for me to keep the "default" to euros because I know that I am in Portugal? thanks.
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)
Ok done apply using your referral link. Thanks for the explaination.
Tq!
What if I go on a trip to 2 different countries? Do I have to go into the app and change the currency again before I arrive to the 2nd country?
Hi. Thanks for the video. What about Big Pay in comparison
It's very comparable but I prefer the UI/UX of Wise and you can see the conversion rate live (transparent).
But ultimately, it's a personal preference
Can you use wise without your card because wise won't send your card to Thailand
Hi Helmi
I have a multi currency Wise debit card and am planning to use in on my travels to Italy soon.
My question: when using my Wise card to withdraw Euro from ATMs in Italy, which option should I choose to withdraw money from "savings", "credit" or "cheques"?
Again, when using the Wise debit card to pay for meals at restaurants in Italy, what payment source option should I choose?
Thanks
There is another fee when you send money to Wise. But it is 0$ if you use pay ID for the transfer. So you need to watch it. But mostly fees are shown very clearly.
This is a great video and I am convinced. I do use Wise to send money home to Malaysia but never tried the card. I currently use one of the DBS credit cards that is great for travel. Obviously, one benefit there is that you earn points/miles. I recently went to Australia and every time I tried to pay, they would ask me if I would like to be charged in AUD or SGD. In my head, I think better to use local currency, meaning AUD, so that the banks will do the exchange as if I should SGD payment in Australia, it may not be a good rate and may have extra charges by the bank. Do you have any tips or ideas on this? Cheers!
your question is about your DBS card?
For that, better to ask the bank directly. I am not familiar with DBS.
As for Wise, I always select the local currency.
Or Wise will select the cheapest currency for you automatically
I have the digitial card already, how do i get the Physical card?
Does Wise offer an interest bearing account?
Anyone here have used Wise card in Korea? Can you use in restaurant, convenience store and shopping complex in Seoul? But I used it seamlessly in Europe.
Is good for spain
Good Stuff
i am trying to transfer from my Malaysian bank ACC to my Australian bank ACC but it does not work! myr doesn't seem to be supported anymore.
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.
Nice video ❤️💐🙏
Thank you!
i getting paid from US company thru my wise account, no need to open US bank account and wise card not detect as prepaid card like bigpay. some online service not accept prepaid card.
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?
I am not sure, unfortunately
Good rate indeed
Hi Helmi nice video. You mentioned that you opened a wise Indonesian account then loaded it some money from Malaysian dollars. My question is if for example I opened 3 accounts in the wise app- 3 currencies example : NZ, Philippines, Singapore and all of them have money in it.How will I choose/use the Singapore account if travelling to Singapore and not the other 2 accounts from NZ and Phil?. Will wise automatically use the Singapore account or there is a process on how to choose the Singapore account?if that makes sense. Thank you!
I'll help you with this. Yes, Wise will do it automatically. In case your SGD account doesn't have sufficient amount, the transaction will automatically deduct your balance in other currency. In a simple way, Wise will do it all for you
I am going on a cruise western Mediterranean. I want to use another card, not my home card.
Thanks. Jars. Ok
Thank ❤❤
Hi I'm from Australia traveling to India and I want to take a very large sum of money to pay india hospital bill,am I correct in thinking that if my Indian hospital bill was around $9,000 Australian dollars which I'd payed in and bought India currency with that I could hand over my card and they would deduct the Indian money out and there would be no extra fee on top for such a large amount withdrawn at once.
Wise fees caught us out in France. Taking out our own cash via Wise was very expensive. Their monthly limit before their fees are charged is very low in my opinion. Be sure to read their terms and conditions before you get a Wise card.
I think wise feel still below 5%.
@@MI-wy8pr - it is but the old travellers cheque fee was only 1%. And remember this is a fee for you getting your money that you put on your card. The fee free withdrawal allowance is very low. I have cut my Wise card up.
Hi, would like to check if you happen to use this Wise card in Europe? Does it normally accepted in any common shops / hotels ?
yes it can be used in europe
The rate is lower than the rate on the market and the rate they set on that day
hi, salam nk tanya,kalau kita pergi indonesia shopping tiba tiba balance habis dan wise akan tolak duit dari currency malaysia yg sedia ada dan dikenakan caj tak?
atau wise akan tolak duit malaysia yg sedia ada mengikut currency indonesia hari tersebut tanpa caj?
Kalau balance habis, dia akan tolak balance from other currency.
Each time ada currency exchange, ada charge utk convert duit tu
Hi Helmi. If we have loaded a certain amount of currency to the card and we have spent it all in the country we are traveling and need to top up more, is the process the same as when we do it in Malaysia? Can we top up using fpx in foreign country?
yes correct
which one is better to receive money from Indonesia sent to Canada, Pay Pal or Wise?
DEFINETLY Wise.
You'll pay through the nose with PayPal
Hi Helmi. Just a quick question. I am a Singaporean travelling to Langkawi soon. Can i use Wise Card at any ATMs in Langkawi?
Yes you can anywhere Visa cards are accepted
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..
You can freeze the card via the app
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
That's why I made this video because a friend of mine had the same quesion
Helmi, so what's the function of Jar account when we can't utilize it 😅
To taking out money from atm in abroad they always charge you from wise. it's not free.
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 🙏🏻
i got mine in less than 1 week delivered to my address in KL but you need to pay a little extra for the DHL if you really can't wait that long. There is an option for you to choose whether you want it to to be delivered by normal courier or by DHL when you are ordering the card.
If you open a new account in say SGD and add currency, would there be a conversion fee from MYR to SGD? As opposed to having a single currency account loaded (I.e MYR) and then spend as it is physically in Singapore which would just be based on that days FX rate, without incurring any conversion fee
There is mostly a fee of 1% for money conversion. That is still way better then normal exchange rates. There is another fee when you send money to Wise. But it is 0$ if you use pay ID for the transfer. So you need to watch it. But mostly fees are shown very clearly.
Indonesia gak bisa , ada tutorial ga ?
Hi! Just wanna ask, let’s say that we have some money left in GBP but we have finished travelling, can we convert the money back to MYR?
Yes you can
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
Yes, the digital card is for buying stuff online.
hey silly question. if you have multiple currency accounts open, how does the wise card know to debit that specific country currency and not convert it from one of your other currency accounts?
it will use the one with the best currency conversion automatically
you don'e need Indonesian ruppiah to travel to indonesia. You can have just your home currency and wise will still deduct at the day's exchange rate when you tap it.
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?
They know where you physically are & will use the local currency.
If you don't have the local currency, whichever account with the best currency conversion.
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?
As far as I understand, I didn't get charged by the local ATM. Exactly the amount I withdrew was deducted from my Wise IDR account
@Helmi Hasan Media I have some credit in GBP and EURO and I want to pay EBAY in GBP BUT it picks EURO instead :( how do I change the primary payment to GBP?? ANYONE???
Make sure you have enough balance in your desired currency
Bila sampai Indonesia tu, dia automatik tolak duit indonesia atau kita kena pilih akauan currency yang mana satu dulu?
Pilih dulu
Hi Helmi. When you open up a currency account, how do you connect it to your wise card to spend it
it’s automatically connected & will deduct money in the relevant currency
@@helmi_finance Thank you
Hi Helmi, I'm new to Wise. I'll be traveling soon and I've requested for the physical card. But just in case the card doesn't arrive, how does the digital card works?
Digital card only works for buying stuff online. If you're physically traveling, you need the Wise card
@@helmi_finance oooow so we cant just tap & go when paying ? And we need the physical card every time we paying ? 😅
@@hildavintoni4576 Virtual card is for online shopping. The green Wise card is for both online & offline shopping.
Thanks! But how do you top up money to the wise account and which local bank we can use to transfer the money conveniently?
cricket sound~
Fpx.. Then select your bank among the long bank list.
@@diamondrahif our currency is weak vs USD (paying more RM to top up US$), topping up using fpx will lose more money...then while travel to USA later, I don't see how r wise card could save us money😊
@@DrStevenNg you can keep the money in wise as RM then when the rate is good, you convert it. Personally , using Wise helped me a lot with my Euro trip because I could top up Hungarian Forenz and Czech Krona for my usage without being charged in Euro ,and whatever I had left , I put back in my Euro account. Months before my trip, I keep saving the money in RM and whenever the Euro rate was good, I exchanged. And it was easy to use the card to buy train tickets and restaurants using the card in Hungary, Czech and other parts of Europe.
The question I have is the ATM charge. You mention no ATM charge on 2 per month usage per amount guidelines. I get that, but does the ATM machine, or ATM company charge a fee to use their ATM? It may be free from Wise, but is there an fee added by the ATM company? Will continue to search for this answer that may not be out there.
My experience with ATM's abroad is that they all charge a fee depending on the country.
Hi Helmi. Got some questions here.. 1) can we use our wise account to buy things online in different currency? eg: My currency is MYR, if I wanted to buy something online that is in KRW is it possible? Is it similar to PayPal? .... 2) If I still have balance in my wise card in different currency, can I transfer the balance back into my actual card account? ... sorry for the many questions, just wanted to be sure.
1. Yes. If you open a KRW account & have balance there, it will deduct there. If not, it will convert & deduct from your main currency (e.g. MYR) at the moment of purchase.
2. Yes, you can always transfer any of your balances to any currency at will.
I live in US and my wise card registered in US. If I travel to Japan, and withdraw ATM from Japan, is the free allowance amount, fixed rate and variable rate following the Japan region or US region?
I believe it will follow the country where you got your card from. Here's an article to see how much that is: wise.com/help/articles/2935769/how-much-does-it-cost-to-withdraw-cash
Will they charge us any fee (paywave) if we use for example in thailand? Thanks in advance
No they don't. You will be charged exactly the local currency
#HelmiHelpedMe! This should be your new #, you'r welcome!😂
Im a new WISE user here, this card is awesome!!😍👍
Hi Helmi - When I use my debit card for the first time at ATM machine am given the account options to select: cheque,savings,credit. I want the withdrawal to come off my debit card balance, which option do I select?
checking
savings
Hi, do you know Wise card can be linked to WeChat pay in China if I travel to China.
Not sure, but this article may help:
wise.com/my/blog/wechatpay-malaysia
I would have question: If I am open Euro account, could I change my deposit money in Brazilian Real? Thank you
You can open up a Brazilian currency in your Wise account