having said that banks dont like all fintech they are too old school, management are elder generation with no digitalization sense
good to have these new solutions with better and more transparent fee for new generation

nowadays banks try to catch up with the digitalization trend but having hard time due to their structural problem and bureaucracy.

Nice... just ordered the card. It's free now

Just ordered the card as well. Should be a good replacement for big pay

I didnt go through the TnC though.... is there any catch to this?

I still get the msg 'debit card still not available in MY'

Ok just went through the faq. So far the only limitation I see is max RM20k limit if you want to hold, this applies to all currencies you are holding and is the sum value

https://wise.com/help/articles/5sL5X2V2PbxU...L1cmJnbIVNGsm3h

This post has been edited by ZeneticX: Dec 8 2021, 06:43 PM

big pay better or wise better?

TransferWise of course. You cannot store foreign currency with bigpay.

If you have no need to store foreign currency, bigpwy, transfereise and coming soon mymy works

This post has been edited by Ramjade: Dec 8 2021, 08:03 PM

Just received mine too.

Just ordered my WISE card. Gonna need a second wallet at this rate with all the cards I have. CIMB just sent me a KWIK card that wasn't connected to any accounts because the old one expires next year and the original account went dormant and was closed a year or so back. Luckily I could just connect it to my current CIMB account with clicks.

Just want to ask can fund the account using credit card?

I can't find anything which state annual fees.

This post has been edited by Ramjade: Dec 8 2021, 11:05 PM

https://transumo.com/wise-card-review/

There's a fee but yeah you can use VISA or Mastercard credit cards to fund your account in foreign currencies. The fees are pretty high though, basically you're paying the cost of it and then some. 3.89% charge to topup $1000. It's 0.41% to topup 1000 EURO. 2.8% for 1000 SGD which is slightly more expensive than using a debit card. It seems like it's dependent on the currency options. For RM there's only bank transfer available.

Can je. I have Wise Business Account. With balances in USD/EUR/SGD/MYR etc. My business is registered in Malaysia.

This post has been edited by Mr Gray: Dec 10 2021, 01:54 AM

maybe is treated as cash advance which usually has higher fees

When did you register? Have you tried topping up and using the balance? or you only use for transfers directly

How do you handle the tax accounting?

Do you just record the forex rate on the day of the transaction then convert to MYR on paper?

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This post has been edited by Kadaj: Dec 10 2021, 03:17 PM

Registered in 2019. Verified both business and personal last month, November 2021.

Can't topup directly in MYR into business account.

Need to topup MYR in personal account, then transfer to business account.

Or topup directly in other currencies (SGD, USD, EUR etc) into the business account. Can use Malaysian credit/debit card no problem. This way, charges are higher.

I haven't used it, because waiting for Wise to give my business debit card.

This post has been edited by Mr Gray: Dec 10 2021, 01:36 PM

Recorded in each respective currencies. Marked to market automatically by accounting software.

I believe you are speaking hypothetically. You've never topped up your business balance or transfer to business balance before.

Yes you can topup the balance, but afterwards you will not have any buttons to transfer money out of your business account. They will only be able to refund you.