The card can also be used to withdraw money in the country where it's issued as well as abroad. Easy spending in foreign currenciesĪpart from the multicurrency account, Wise also offers a MasterCard debit card which can be used for paying for goods and services while traveling abroad or for buying anything online in a foreign currency with fair currency conversion fees. This can be helpful if you’re an expat, international traveler, freelancer, or small business who needs to pay and get paid in multiple currencies. Wise also offers a multi-currency account which lets their users hold, manage, and convert between 50+ currencies. Wise’s fee structure makes it ideal for small international transfers and they pass on significant savings to the user by minimizing or removing hidden fees wherever possible. If you’re looking for an international money transfer service to help you send small bank transfers to 70+ countries around the world affordably, Wise is your best option. When Wise Works and When it Doesn't 1.1 When it Works Sending small bank transfers below $7000 USD/£4000 GBP/€4500 EU/$9500 CAD/AUD One reason many people choose them over others is you get to see exactly how much arrive (including fees) before you sign up with them. This includes travelers, expats, and small businesses who do business overseas. Importantly, they have great customer support as well as a number of great options, like their multi currency account, that makes them ideal for anyone who needs an efficient way to manage their international money. Wise has super low fees and transparent money transfers for small (Less than $7000 USD) bank-to-bank transfers. Although Wise can transfer large amounts, we think there are better options.Offers a multi-currency account and Mastercard debit card.Available for both personal and business.Transfers at the mid-market rate with no markup.Available in the US, Canada, UK, Eurozone, Australia, New Zealand. One of the best money transfer services for small amounts under $7000 USD/£4000 GBP/€4500 EU/$9500 CAD/AUD.In the next few minutes, we will show you if Wise is best for you. In most cases, they are our go-to money transfer service. So you want to send money abroad - but is Wise (formerly Transferwise) your best bet? 7 Things You Need to Know Before Signing up with Wise
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