limeuu cc forum. Wise in general finance is a bit out of place

THIS THREAD IS ABOUT USING THE WISE VISA CARD AS A CONVENIENT AND LOW COST PAYMENT METHOD DURING OVERSEAS TRAVELS.

Edit: moderators have decided to move my thread on using the Wise Visa card as travel money here and merged with the old Wise financial thread.

I think most people knows about this product. It provides a "cheap" way of exchange of funds. It also allows a way to have multiple accounts in different currencies and when tied to a wise visa card, allows spendings in countries using the local currencies you may have.

I discovered however, the user has no control over which currency it pays out from if you do not have funds in that currency.

Recently I went to Scandinavia, and each of these countries have their own currencies. I loaded some NOk. I also have MYR smd jpy. Paying in Norway, it was fine. Paying in the other nordic countries, it converted from NOK. The problem starts then the NOK account ran out. Instead of taking from MYR, it converted from jpy. I have no control over which currency it takes from.

The jpy is meant to lock in the low rate at the moment for future travels to Japan. I have no means of "ring fencing" the jpy account.

Also, after double conversion, the FX cost isn't that much better than Bigpay or even just using a cc.

My conclusion is. It's an ok system if you regularly travel to a particular country and worth maintaining a balance in that currency.

For the occasional travels to any country you are unlikely to visit again, it's probably not useful.

And they make money from the multiple FX conversions, even if the margins charged are low. Plus make money from monies lying dormant.

Anyone has a different experience?

just take note that malaysians can't open youtrip (yet)



https://exiap.com.my/compare/wise-vs-youtrip

I converted done more MYR to jpy. Cannot convert from external account to the jar, can only convert from MYR account.

So I converted into the open jpy account. Now I can't find a way to transfer the yen from the open account to the jar.

Anyone can help?

Anyone can help?

limeuu based on your previous post, that jar you opened is MYR right?

seinganchai in wise app, you can request them to call you. you'll get customer service from sg number calling you

Guys , I need to make a payment into a Singapore Account , is Wise the best option ?
What are the alternatives ?

Do atm in other countries charge money when we withdraw money from the atm...

Which sign must we look at to see which machine we can withdraw

Indonesia in particular

in indon if u use maybank u can withdraw from maybank atm with no charge. Other atm charge rup50000