Green Card
Converting dollars to euros at the exchange office or withdrawing money when the USD is weak would make all of us cry (“Is it just me or…?“). If you never felt that way, you certainly didn’t escape terrible exchange rates and bank fees when using your card abroad. Avoid unpleasant surprises next time: travel with Wise.
Wise is a multi-currency bank account and a debit card that cuts off over 80% of currency conversion fees. Convert your USD at the best moment, pay abroad without fee and take advantage of the real interbank exchange rate for all banking transactions. In short, Wise is the best card for travelers and expats.
TL;DR
- Fast transfers in 50 currencies much cheaper than any other bank
- Ability to open up to 10 accounts to receive, send and spend money in the currency of your choice
- Instant currency conversion and account prioritization when using a bank card
- More than 15 million customers and very positive reviews (4.7 on Trustpilot and Apple App Store)
Wise bank account
Wise Review: 5/5
This review about Wise reflects our experience and tests. It is limited to this section for general information purposes only and does not constitute financial advice. The rest of this page is informative and objective (except Customers Reviews about Wise at the bottom of the page).
Wise Review
The WISE card is linked to your multi-currency WISE account, it works like a regular bank account but without high fees when traveling or spending in different currencies. You can receive salary, pension, and tax benefits; hold 55 currencies; spend like a local abroad; pay utility bills or mortgage without conversion fees; get paid with international bank details in 10 currencies; and shop online without foreign exchange fees.
WISE card is available for people in the UK, US, Europe, Canada, Australia, New Zealand, Singapore, and Japan. It offers low conversion fees and no transaction fees for multiple currencies. You can issue three virtual cards temporarily—ideal for free trials of sketchy subscriptions—and enjoy two free ATM withdrawals monthly. The card converts currency at mid-market rates automatically and is accepted wherever MasterCard or Visa cards are used worldwide.
In-store contactless payments are possible with WISE card as well as business accounts that issue employee debit cards with custom limits per card holder—an ideal solution for expats frequent travelers or startup businesses! However you cannot make cash deposits nor use credit on the card itself.
Regarding design: although not functional we believe it matters since it reflects brand identity. Luckily WISE card has a modern look featuring bright green colors numbers name expiry date on back providing extra security besides aesthetics Overall we appreciate its appearance which conveys being traveler’s card that doesn't try to appear premium.
Benefits
- Best transfer rates and amazing speed
- No fees on payments and transfers
- Very well executed app
Disadvantages
- No cash deposit
Fast and almost free international transfers
The Wise Multi-currency account (formerly TransferWise) is an international account for paying, sending and receiving money anywhere in the world at the real exchange rate (interbank exchange rate). Opening a Wise account allows you to have several accounts in local currencies. Each customer has a European account with the IBAN of his choice (FR, DE or other) as well as a British account (Pound Sterling), Australian account (Australian Dollar), American account (American Dollar), etc. This means that the account holder can send and receive money in any of these 50 currencies without any fees as long as they do it from their local currency account.
It is then possible to transfer money from one account to another in just a few seconds at the real exchange rate (like Google, Visa or Mastercard). The transfer from one currency to another incurs very minimal fees compared to a traditional bank or an online bank and this is the biggest advantage of Wise. This rate is also indicated before validating a multi-currency transfer so there are never any unpleasant surprises.
If you wish to combine Wise Multidevise with a Wise Business account, you should know that this is possible and that it is very simple to switch from your personal account to your pro account.
With the Visa Wise debit card, you can pay in any currency, anywhere in the world. If you have a positive balance in your local currency account, that account will be used. However, if you do not have sufficient funds, your main account will be used and an automatic conversion will be made at the lowest fee.
The Wise offer is broken down as follows:
- 1 physical Visa debit card (standard or biodegradable)
- Unlimited number of virtual bank cards
- 10 bank accounts in 10 different currencies
- 1 savings account paying 1.82% in euros and 3.43% in pounds sterling
- 1 application allowing the following operations:
- Possibility to hold more than 50 different currencies
- Sending a money request to a third party (individual or company): payment link to obtain a payment without account number
- Immediate or scheduled SEPA and international transfer
- Donation to a charity
- Management of direct debits
- Automatic conversion from one currency to another according to the exchange rate
- QR code payment with Wise QR (PayNow support)
- Immediate payment between friends (contacts who also use Wise)
Wise does not allow to issue and receive checks. The neobank does not allow to deposit cash like the Nickel bank for example.
Insurance and assistance
The Wise card does not include insurance in addition to that provided by Visa. These are the Visa Classic insurances which cover medical expenses abroad and repatriation for oneself and one’s family.
Wise also does not offer assistance abroad.
As for Wise’s customer support, it answers customers 24/7 in more than 14 languages around the world.
Wise Visa Debit Card
Wise Card Price
Wise card limits
| Transaction | Daily limit | Monthly limit |
|---|---|---|
| Payment limit | €10 000 | €30 000 |
| Withdrawal limit | €1 500 | €4 000 |
| Contactless payment limit | €1 000 | €4 000 |
| Online purchase limit | € 10 000 | €30 000 |
Wise and Apple Pay Payment
Bank fees on transactions
| Transaction | Bank fees |
|---|---|
| Account creation and management | Free |
| Standard physical card | €7 |
| Physical ecological map | €9 |
| Cash withdrawal up to 250€ /month | Free |
| Cash withdrawal over 750€ /month | 1% of the amount1. |
| Creation of 50 currency scales | Free |
| Get an account number and a UK Sort Code | Free |
| Obtain US account and routing numbers | Free |
| Get a European IBAN | Free |
| Obtain an Australian account number and BSB number | Free |
| Get a New Zealand account number | Free |
| Convert currencies | Starting at 0.41%. |
| Fixed fee for sending money (depending on the currency) | 0,63 cents |
| Receive money in EUR, USD, GBP, AUD and NZD | Free |
| Funding your account | Free or variable depending on the currency |
| Receive Wire transfers in USD | USD 4,14 |
Opening a multi-currency Wise account
Opening a Wise account is free. There are no subscription fees either.
The opening is done in about 5 minutes by following these steps:
- Click on the “open an account” button on this page
- Create a Wise account with your email
- Choose the type of account you want (Wise for individuals or Wise Business)
- Validate your phone number to activate the double authentication
- Complete your profile (First name, Last name, Date of birth, Contact information…)
- Order your Visa debit card if you wish. The card can be obtained later.
- You’re done!
The Wise sponsorship allows the sponsor to win 90 € if 3 of his/her friends send more than 250 € in one go.
Frequently Asked Questions
Wise offers many advantages related to the simplification of transactions and banking fees:
- 50 currencies supported and as many sub-accounts for each user;
- Unlimited virtual cards
- No account maintenance fees;
- Transfer money from one currency to another at the real exchange rate, with no commission on the exchange rate;
- Lowest transfer fees in the market. Sending 250€ to a USD account costs only 2,09€ for example against 21.64€ at the Banque
- Postale, 12,57€ at the Société Générale or 26,27€ at the BNP;
- Possibility to pay for a purchase with your card in the local currency at a very competitive price (5 to 8 times cheaper than in traditional banks);
- Withdrawal in local currency 5 to 11 times cheaper than in traditional banks;
- Each customer has several accounts of his own, with personal banking details in each country he uses.
Wise is not a bank, but an electronic money institution. It is regulated by the FCA (Financial Conduct Authority) to hold its customers’ money. This means that the funds are safe and secure and the worldwide customer service is available to answer any customer’s questions.
- This applies to ATM withdrawals, as well as cash withdrawals from a merchant or bank, money orders, foreign currency or exchange office.)
Send money with credit card 2% of the amount ((These transactions are more expensive than others. Also, Wise charges a fee of 2% of the transaction amount on certain currencies when you use your Wise card to send money to e-wallets or other accounts that can be converted to cash (including, but not limited to, casino chips, crypto-currencies and lottery tickets [↩] Additional informationCard Color Green
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