Wise card is a multi-currency debit card given by Wise, is a popular technology that are popular for their transparent and low-cost international money transfers. In this modern age, been in control of your finances is easier with financial tool like wise card. It is formerly known as (TranseferWise).
This wise card enables you to purchase and withdraw money in multiple currencies, this creates cost efficient and easy solution to manage your funds worldwide. This article will give you a comprehensive understanding of how to get your card and how to use it.
A lot of travelers do not know about this efficient card that helps you spend different currencies globally. This technology has brought up a solution to aid you from the stress of using your traditional bank to change from one currency to another to process transactions.
Key Features of the Wise Card
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Multi-Currency Functionality
This wise card holds at least 50 different currencies. This card is of benefit for travelers, expatriates and foreign freelancers because it holds and at the same time you can spend diverse currencies.
2. Real Exchange Rates
With wise card you can escape the hidden charges and markups associated with converting currencies. It is processed by using the real exchange rate which is also called the mid-market rate.
3. No Hidden fee Charges
In comparison to our traditional banks or credit cards, the wise card has no hidden fees, you pay a small fee for a particular transaction if you go beyond the monthly limit of ATM withdrawal.
4. Easy Currency Conversion
It is possible to covert directly from one currency to another currency in your wise account. This aids to take control and optimize your finance for various spending.
5. Global Acceptance
The wise card is accepted worldwide, in any place where master or visa card is accepted. This encourages global usability.
6. Secure Transaction
This card has some embedded security tools that is efficient in locking and unlocking your card through the wise app, it monitors transaction in real time and a feature to control spending limits.
7. No monthly fees
It is if great benefit because you only pay for transaction and services you use . However, nothing like monthly or annual charges connected to wise card.
8. Online and Mobile Banking
The website or wise app can be used to manage your funds and account. These features include review transaction, transfer funds between currencies and balance check.
How to Get a Wise Card
1. Signup
To get the wise card, visit the wise website and create an account. This includes filing up your information, verify identity and setting up your whole account.
2. Order your card
Immediately your account is ready, order for your card via the website or application. This card will be delivered to your location of residence.
3. Activate the card
Once the card has gotten to you, kindly follow the guidelines to enable or activate your card. This consists of entering into wise account and filling up your card information.
4. Add funds
Money is been added to your wise account by transferring money from your bank account or money can be accessed directly by accepting payment into your wise account. Then withdraw using wise card.
Using the Wise Card
- In-store purchases
Making use of your card in in–store shops is very much possible just like other debit cards. The payment will be processed to the country currency you are in.
- Online Transactions:
The card is used to purchase goods online. Make sure there is sufficient funds in your account the currency you want to pay to prevent conversion charges.
- ATM Withdrawals
With this card ,you can withdraw from any ATM machine worldwide. Notice any charges coming from ATM withdrawal unless you have gone beyond your free monthly limit of ATM withdrawal.
- Currency management
Conversion of currency is done in the wise app. Select the currency to convert, based on the particular transaction and the country you are in. To optimize and manage you’re spending.
Countries That Uses Wise Card
Austria
Belgium
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Iceland
Ireland
Italy
Latvia
Lithuania
Luxembourg
Malta
Netherlands
Norway
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
Switzerland
United Kingdom
United States
Canada
Asia-Pacific
Australia
New Zealand
Singapore
Japan
Brazil (some regions)
South Africa
United Arab Emirates
Hong Kong
Liechtenstein
Gibraltar
Monaco
San Marino
Vatican City
Advantages of the Wise Card
Cost Efficient: These prevents unreasonable and poor exchange rate which is connection with foreign transactions.
Convenience: It accept conversion of multiple currencies which is very easy to use in any country without the stress of going to the traditional bank .
Transparency: Renders clear and future information concerning exchange rate price.
Considerations
The cards are not available in all country. Visit the wise websites to check for recent availability or check countries above to know where you can find the card.
ATM Limit: Exceeding the free ATM withdrawal might attract charges.