Hi all, I have some questions regarding wise. I will be heading to the UK soon for student exchange. How does the card work to transfer money from MYR to GBP?

Is it that you convert to GBP via wise then transfer into the account or straight deposit MYR, then able to use GBP in the UK?

As my parents are to transfer money to me from Malaysia to the UK so I assume they also need the wise app right?

Thanks for the reply. From my understanding, my parents bank in JP Morgan MYR, then my Wise app will see MYR added, then I convert to GBP within the app itself OR I can straight away buy things with MYR in UK using the card right

1. Are there bank charges for MYR deposit into JP Morgan account?
2. I assume depending on exchange rate, converting in Wise the MYR received to GBP may or may not be better than directly spending MYR in UK via Wise auto conversion?

GX bank seems interesting, will check it out. Thanks again.

Yup I do have a Maybank acc. So I guess just directly use MYR all the way and let Wise handle the auto conversion upon transaction. But what's the difference with say,

1. Parents acc ->> My Maybank acc ->> FPX to Wise
2. Parents acc ->> FPX to Wise (possible?)

My purpose is just general daily living expenses like food and clothes in UK. Regarding transferring money from wise to someone in UK, what's the caveat for that? Lets say me and a local go out for food and they picked up the bill, am I able to transfer money to them? Thanks for the fast reply.

Hi sifus, I just transferred MYR from Maybank to the JP Morgan Chase MYR account in my Wise (Malaysia address). Money is deducted from my MBB account but still not appearing in my Wise. I am currently in the UK if it matters, but shouldn't this be instant transfer?

As of now 2 hours since transaction.

I see, looks like need to wait until Monday. I did try doing FPX but I'm not able to approve my Secure2u, for some reason it is not showing up on my phone even after I tapped into MAE app. Don't know if its bcuz I'm in UK right now? But Secure2u is not working for me, using IOS.