This TnG Visa…can it be added into Apple Pay?

If yes can cancel the card and avoid paying annual fee?

Hi all. I wanna consult a bit on my Wise acc

Recently, my sibling is planning to study in the UK. She is currently working in SG. We planning to send her GBP from MY every month to support her studies

Was thinking if I can ask her to open a Wise account in MY and then ask her to load MYR inside her Wise acc, get the debit card, convert the MYR to GBP and then let her spend the debit card in the UK

Hoping to hear whether this is feasible

If you intend to convert your MYR to EUR first, and store your EUR balance and use at a later date, then Wise is a considerable option. But MYR has been appreciating lately though...

If you just want to use MYR balance and make payments in Europe (which it'll auto convert to EUR currency) then in my opinion, although it is true Wise refers to mid market exchange rate, but eventually the total amount you pay in a foreign transaction, which will includes their Service fee, may appear slightly higher than VISA/Mastercard 0% bank fee rate.

If you plan to allocate RM10k for foreign spending, you can consider Touch n Go VISA Debit Card (not to be confused with their normal TnG card, or their NFC card).
That one uses VISA and it has 0% bank fee, but it has annual fee of RM8. But it shouldn't be an issue if you intend to spend a lot in foreign currencies, as the savings you get from 0% bank fee can eventually breakeven with the RM8 annual fee.
Also, there's a one time application fee of RM15, annual fee will be waived for the first year.

For GX Bank, it uses Mastercard's 0% bank fee, and there's no annual fee. Since it is relatively a new bank, they had to use the latest 8 digits BIN number standard for its card number.
It is the future card number standards for Mastercard and VISA, and meant to supersede the current standard of 6-digits BIN number that is in use since long long time ago.
But it is believed that some overseas merchants did not or have not update their POS systems to support 8 digits BIN number from Mastercard/VISA cards due to technical and other reasons, which is what you're referring to "may not be accepted everywhere". Therefore as a result from the end user, the transaction would get declined. I believe this issue won't happen if the merchant system is properly updated to support 8 digits BIN number.
This is more towards the merchant's problem, nothing got to do with the country you visit.

Regardless of which one you go for, the rates of using Wise card would often times still better than convert to cash at a money changer shop.

You can compare the rates yourself here:
https://wise.com/my/pricing/card-fees?sourc...R&targetCcy=EUR
https://www.visa.com.my/support/consumer/tr...calculator.html
https://www.mastercard.us/en-us/personal/ge...t-currency.html

This doesn't factor in the exchange rate, and Mastercard generally provides the best rate most of the time over the other two.

Hi, i want to buy from amazon, is Wise a good choice or is there a better service exchange rate? No chance i'll be using bank.

Hi, i want to buy from amazon, is Wise a good choice or is there a better service exchange rate? No chance i'll be using bank.

Hi, I am going to travel to China. Anyone has use WISE to withdraw Yuan from ATM in China? Is it possible? How much is the charges for ATM fees?

Just link the Wise card in AliPay, hardly need to use cash in China. Not having a need to use cash since years ago...

I don't hae Alipay. Can open Alipay in Malaysia and link to WISE?

Another question. If i have Yuan inside my WISE, Alipay will know to deduct Yuan instead of RM?

I don't hae Alipay. Can open Alipay in Malaysia and link to WISE?

Another question. If i have Yuan inside my WISE, Alipay will know to deduct Yuan instead of RM?

As a general rule, yes, we may assume that for Mastercard, but not all the time...
Because sometimes, there is a possibility that VISA's rate would appear better than Mastercard in some days.
Here's an example for China's Renminbi (CNY), for 19 Sep 2024:





It still depends on which transaction currency also.
So yeah, for those who's looking for the best exchange rate out there (after factor in their service fee), Wise would not be the primary choice.

But Wise is indeed useful if you intend to convert to a foreign currency (as if to "lock in" this exchange rate against MYR) and then store the balance for later use.

Actually, the currency converters for Visa and Mastercard have different cutoff times due to time zone differences, so you can't directly compare their rates by just selecting the same date.

I don't hae Alipay. Can open Alipay in Malaysia and link to WISE?
Yes you can. Sign up using Malaysian mobile number > you'll receive OTP > perform eKYC (identity verification) by uploading a photo of your passport and a selfie.

Another question. If i have Yuan inside my WISE, Alipay will know to deduct Yuan instead of RM?
Then it will deduct your CNY currency first. Until your CNY not enough or finishes, then it will deduct the remaining amount from your MYR balance.
If you have other currency balances in your Wise (other than CNY or MYR), then it will auto deduct whichever has lower fee first.

Thank you! Perfect!! Now i don't have to carry so much cash